Agriculture
Unbiased, robust pricing and market intelligence
for the agricultural industry
Overview
Access reliable cash pricing, analysis, and S&D forecasts to support your business needs, whether you are a producer, trader, broker or end-user, focusing on wheat, corn or soybeans or looking at feedstock for biofuels.
Argus has been bringing transparency to international commodity markets for more than 50 years, and brings the same expertise to the conventional and organic agriculture markets, as well as the meat and livestock market.
Latest agriculture news
Browse the latest market moving news on the global agriculture industry.
US-India trade deal could restart ag flows
US-India trade deal could restart ag flows
Houston, 9 February (Argus) — A new trade deal between the US and India could provide a boost to some agricultural trade. As part of an initial agreement between the two countries, India agreed to eliminate or reduce tariffs on several US agricultural products, according to a joint statement released by the White House. This includes dried distillers grains (DDG) and red sorghum, which could spur a resumption of those trade flows as tariff barriers — 15pc for the former and 50pc for the latter — collapse. India has not imported DDG from the US since 2022, prior to which the US shipped 2,100 metric tonnes (t) to the country annually, according to US Customs and Border Protection (USCBP) data. US sorghum exports to India have been zero since 1976, but a reduction in the 50pc tariff rate could be a substantial opportunity for US sorghum farmers, as India is expected to consume 4.75mn t of sorghum during the November-October 2025-26 marketing year, the USDA estimates. The agreement also highlighted soybean oil — currently subject to a 20pc import tariff — of which exports to India have been inconsistent. Data for January to November 2025 showed US exports of soybean oil at 204,000t, the most since 1980. Exports in the five years prior averaged 53,000t per year — reaching as high as 133,000t in 2022 and as low as 52t the following year. Tree nuts, fresh and processed fruits, and wine and spirits were similarly named in the agreement, though flows from the US to India of those products have been relatively steady in recent years. Though the preliminary agreement did not specify how much current tariff levels would change, any adjustments could spark an increase in US export volumes. Organic soybean flows Lower tariffs against Indian exports to the US — down from 25pc to 18pc — will support the organic soybean meal trade, but volumes will remain limited by existing counter-dumping duties. The US launched an antidumping investigation against Indian soybean meal in 2021. Most Indian soybean crushers did not comply with a request for information from the US Department of Commerce, and were levied antidumping and countervailing duties of more than 266pc as a result. The few Indian exporters who did complete the required paperwork were assessed duties of only 11.83pc, and will be able to take advantage of the lowered tariffs. US organic soybean meal feed demand will increase by 7pc from a year earlier during the September-October 2025-26 marketing year, Argus estimates. The US imported 543,000t of organic soybean meal during the 2024-25 marketing year, with India accounting for only 7.8pc of that volume. The US received no organic soybean meal from India during December or January, Argus data show. By Joseph Crosby and Alexander Schultz Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
USDA confirms soybean sales to China
USDA confirms soybean sales to China
St Louis, 9 February (Argus) — The US Department of Agriculture (USDA) on Monday confirmed reports from 6 February that China purchased more US soybeans, announcing 264,000 metric tonnes (t) of new sales at the end of last week. Indications of renewed Chinese purchasing of US soybeans created a spike in commodity futures markets at the end of last week. The industry is working to place more sales to China in the context of US president Donald Trump's 4 February announcement that China would buy 8mn t of US soybeans beyond the previously agreed 12mn t . The Trump administration on 20 January announced that China had fulfilled its 12mn t obligation, which led some to view last week's market activity as confirmation that China was expanding its US soybean buying. But the USDA's sales announcement today resulted in far less movement in futures markets, with the May-delivered Chicago Board of Trade soybean contract opening the day mostly unchanged from the prior week's close. This may indicate last week's buying activity was China working to fulfill the current 12mn t obligation, rather than exceeding it, market participants said. Weekly USDA export sales data put Chinese purchases since the October 2025 trade agreement at less than 10mn t as of 29 January. It is possible China has made purchases it has yet to declare, with 3.08mn t of US soybeans sold for export without a declared destination as of 29 January, USDA data show. But it appears there is room for China to make additional purchases in the coming weeks as it acquires whatever amount of the initial obligation that remains open. Further announcements of soybean sales to China are possible in the coming weeks. It remains unclear when, or if, the market will view such sales as exceeding the current 12mn t threshold. By Ryan Koory Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India's Tata, Switzerland's Mercuria form trading JV
India's Tata, Switzerland's Mercuria form trading JV
Singapore, 9 February (Argus) — Indian commodities trader Tata International has a formed a joint venture with Swiss trading firm Mercuria to collaborate on supply chain and trading solutions, Mercuria said on 6 February. The joint venture, which has not been named, seeks to expand its trading business and "enable trade of a diversified basket of commodities" in international markets including energy, metals, agricultural products, oil and gas, and environmental products. Tata International mainly trades and procures commodities including metals, minerals like coal and sponge iron, and agriculture such as grains and oil seeds, and serves a wide range of downstream users in steel and manufacturing industries. Its partnership with Mercuria can help the firm gain access to supply chains and trading resources in commodities including oil and gas, renewable energy and metals. Mercuria also seeks to expand its international market reach through the venture which will be based in India. The joint venture will begin operations pending regulatory approvals. It will also form a "compliant trading platform", based on the companies' existing resources and risk management tools. Other international trading firms have also been looking to form partnerships this year. This includes global metals firms Rio Tinto and Glencore's failed merger last week. By Nadhir Mokhtar Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India to buy $500bn of US energy, other products
India to buy $500bn of US energy, other products
Washington, 6 February (Argus) — India has committed to buying $500bn of US energy commodities, coking coal, aircraft and parts, precious metals and technology products in the next five years, the White House said Friday. A fact sheet detailing the preliminary terms of the US-India trade deal also announces plans by the US to slash the general tariff on imports from India to 18pc from 25pc. President Donald Trump on Friday separately signed an executive order removing an additional 25pc tariff on imports from India, which was imposed in August to pressure New Delhi to cut imports of Russian crude. The US will commit to removing tariffs on some aircraft and parts imported from India, as well as providing some relief for tariffs on steel and copper imports from India, according to the fact sheet , which does not provide a timeline for these actions. The US will also provide a preferential tariff quota for imports of cars and auto parts from India. The US and India also committed to increasing trade in key components underpinning the construction of data servers. India plans to eliminate or reduce tariffs on all US industrial goods and "a wide range" of US agricultural products. The terms of the deal as outlined in the fact sheet will be finalized in further negotiations, according to the White House. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Webinars
Market outlook: What's next for agricultural biofuels feedstocks?
On-demand webinar - 20/10/25Grains market update & outlook and Black Sea Wheat Futures overview
On-demand webinar - 25/06/25Harnessing AI in Commodity Markets
On-demand webinar - 10/04/25Black Sea grain market update and outlook
Explore our agriculture services
Argus Agriculture Newsletter
Each issue delivers a great blend of news, insights, price assessments and prompts you to the latest podcasts, webinars, insight papers.
Sign up hereKey price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
Related events
No Results Found