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Latest market news

CHS Myrtle Grove still without power

  • Market: Agriculture, Fertilizers
  • 16/09/21

US cooperative CHS's grain export terminal in Myrtle Grove, Louisiana, is still without power more than two weeks after Hurricane Ida made landfall in the region.

The terminal is currently running on generator power while clean up, repair and inspections continue. There is also just one lane of highway accessible to Myrtle Grove.

"Getting the CHS Myrtle Grove facility back up and running is our top priority," CHS Global Grain & Processing executive vice president John Griffith said. "Harvest is around the corner and although the recovery timeline remains uncertain, at this time we expect the port range to be operational for the core of corn and soybean harvest."

The company continues to divert exports to other facilities, pending commodity, capacity and transportation availability.

CHS previously said it would take 2-4 weeks for power to be restored and would divert exports to its facility in Kalama, Washington.

By Sarah Tucker

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12/12/25

Quebec government OKs phosphate mining permit extension

Quebec government OKs phosphate mining permit extension

Houston, 12 December (Argus) — The Government of Quebec extended the validity of Canada-based Arianne Phosphate's development approval for two more years while the emerging phosphate mining company pursues a longer extension request for its project in the Saguenay-Lac-Saint-Jean region. Arianne's Lac à Paul project was granted its initial development in December 2015 from the Quebec government with a valid period of 10 years. The project aims to develop phosphate deposits that will produce a "high-quality" igneous apatite concentrate grading 39pc P2O5 with little to no contaminants, according to Arianne. The Quebec minister will use the two-year period to consider Arianne's request for up to a five-year development extension. Conversations between Arianne and the Ministry of Environment began in 2024 for a permit extension, where several required studies were submitted, the company said. "This extension provides the industry and potential partners with the comfort they need to advance the project's development and address the need for this critical mineral," chief operating officer Raphael Gaudreault said. The Lac à Paul project is the only fully permitted greenfield phosphate project in North America. The phosphate deposit's igneous rock allows for easy transformation of its high-purity, low contaminant phosphate concentrate into purified phosphoric acid, a necessary ingredient for lithium iron phosphate (LFP) batteries, Arianne said. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Trump unlikely to reinstate Canada ferts tariffs: TFI

11/12/25
News
11/12/25

Trump unlikely to reinstate Canada ferts tariffs: TFI

Houston, 11 December (Argus) — US fertilizer industry group The Fertilizer Institute (TFI) expects US president Donald Trump does not intend to reinstate reciprocal tariffs on imported Canadian fertilizer products after previously commenting he could. Earlier this week when asked what action the Trump administration may take to bolster domestic fertilizer output and the US's reliance on imports from countries like Canada, Trump relayed that the US could impose severe tariffs "if we have to" and with those tariffs the US could be making its own fertilizer "very soon." "Based on information that we have at this time, including conversations with USDA officials, these comments do not indicate a change in current policy," TFI said Wednesday. "An open, fair, predictable, and transparent trading environment with key partners like Canada is vital to maintaining a stable, affordable supply of the crop nutrients US growers rely on," TFI noted. Following Trump's comments, several market participants agreed that it seemed unlikely tariffs would be reimposed on Canadian fertilizer imports given their status of being USMCA compliant and that tariffs would do little to improve the near-term fertilizer production outlook. The fertilizer market is "numb" to these kinds of comments, one distributor said. On a nutrient basis the US imported 98pc of its potash in 2023 and about 85pc of those imports came from Canada, according to TFI. The US imported 33pc of its urea consumption on a nutrient basis in 2023; 15pc of imports came from Canada, according to estimates from TFI. For ammonia, the US imported 12pc of its consumption, 50pc of which came from Canada. Also, 35pc of US ammonium sulfate imports came from Canada in 2024, according to US Census Bureau data. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Commodity rail shippers push for more train data

11/12/25
News
11/12/25

Commodity rail shippers push for more train data

Houston, 11 December (Argus) — Industrial shippers of commodities like grain and petrochemicals want federal regulators to widen the scope of proposed rules that would require Class I railroads to report more data on their on-time service performance. US rail regulator the Surface Transportation Board (STB) in September put the industry on notice that it intends to issue rules to require that each of the six biggest railroads, including Union Pacific and Norfolk Southern, report two new categories of performance data to the agency. The first would benchmark railroads' shipments against their original estimated time of arrival (OETA) and the second would measure "industry spot and pull" data, or ISP, to determine whether shipments are picked up and delivered within their planned service window. The board action aims to address rail shippers' long-running concerns that unpredictable rail service is a wild card in their supply chains, as many shippers rely nearly completely on rail to get their goods to market. The American Fuel and Petrochemical Manufacturers (AFPM), an industry group that lobbies for US refiners and petrochemical manufacturers, applauded the STB for working to address "chronic freight rail service failures." The OETA is meant to track a carrier's targeted arrival time when it dispatches a cargo and then flag the percentage of weekly shipments that reach their destinations no later than 24 hours after an intended target, the STB said in its proposal. The AFPM, whose members include companies like Dow, Occidental Chemical and Ineos who collectively ship about 2.5mn carloads a year, said OETA data should be broken out by region, terminal, and corridor "to reveal localized bottlenecks often masked by system averages." As proposed, the STB's OETA measurement would apply to manifest train service, where trains haul an assortment of railcar types, and not to unit trains, which exclusively haul one railcar type or bulk commodity, such as coal, grain or crude. Grain shippers and the US Department of Agriculture disagreed with the STB's decision to exclude unit train shipments from the OETA measurement. The National Grain and Feed Association, whose members include Archer Daniels Midland, Bunge and other biofuels makers, said that late unit train deliveries of commodities like grain, ethanol or coal "can result in proportionally greater harm to the shipper/receiver" than smaller manifest shipments. The USDA agreed that unit train shipments should be included in the OETA measurement, and pointed out that about 75pc of US railed corn and soybean shipments in 2023 traveled in trains hauling more than 75 railcars, which would not be captured by manifest shipment data. Demand for agricultural products is highly seasonal, and missed delivery windows "can halt processing lines, disrupt export programs, and force shippers to carry excess private car inventory to buffer uncertainty," the agency said. The Association of American Railroads (AAR), which lobbies on behalf of Class I railroads, pushed back on industry requests to widen the OETA to include unit train shipments, and told the STB that several railroads do not currently generate the metrics. Adding the reporting requirements "would add regulatory burden, waste resources, and misrepresent service on the network," the AAR said. By Chris Baltimore Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Nitrogen market braces for CBAM after documents leak

11/12/25
News
11/12/25

Nitrogen market braces for CBAM after documents leak

Amsterdam, 11 December (Argus) — Nitrogen fertilizer market participants are grappling with the implications to trade and product flows into the EU after the latest document leak from Brussels shed more light on carbon border adjustment mechanism (CBAM) charges for 2026. ‘Urea is king', declared one major European importer as urea faces the lowest proportional carbon cost in price terms, while offering the importer the highest content of nitrogen (46pc) per tonne ( see table ). Conversely, projected default charges for nitrates and some ammonium sulphate (amsul) origins are considerably more prohibitive. Europe is overwhelmingly reliant on urea imports, and the projected default values show the mechanism has been implemented to protect the bloc's non-urea nitrogen industry, one trader said. Europe has significant capacity of nitrate-based fertilizers — ammonium nitrate (AN), calcium ammonium nitrate (CAN) and urea ammonium nitrate (UAN) — thanks to plants run by international producers Yara and Agrofert, as well as other major local suppliers, but the bloc is heavily dependent on urea imports. The EU's urea imports from non-EU sources were 6.23mn t in 2024, with Egypt, Russia and Algeria accounting for over 87pc of those receipts. The estimated default CBAM cost for imports of duty-free urea from Egypt, the bloc's top supplier, is €43/t ($50/t) — or around 9-10pc of the granular urea fca French Atlantic price on 4 December. The calculation is based on a prompt ETS price of €82.48/t as assessed by Argus on 10 December. Theoretical default costs range up to €58/t for urea from Turkmenistan and Uzbekistan, with Russian and Nigerian hovering around €50/t, and duty-free Algerian at around €45/t. UAN imports from Trinidad and Tobago, the lowest tariffed origin among the major sources, are projected to have a default charge of around €68/t at current default values, which is nearly 20pc of the UAN price in Rouen, while only delivering 30pc nitrogen content. Amsul from China, which has become a more popular source of imports this year, faces a default charge of €74/t, while only delivering 21pc of nitrogen against urea's 46pc. Amsul from Egypt is facing a levy of just €19/t. CBAM default charges for AN and CAN are projected to be considerable at €155-161/t and €115-130/t, respectively, for imports from current top origins, equating to 33-38pc of current major EU inland prices. The latest projected default charges have been calculated following a leaked draft of the approved documents from Brussels, which emerged on Wednesday . There remains a considerable lack of clarity among participants as to how the market will adjust to urea trade into Europe once the CBAM charges come into force from 1 January. By Harry Minihan Theoretical CBAM default charges for nitrogen fertilizers Selected origins Projected CBAM default charge (€/t)** CBAM default charge per tonne of nitrogen (€)*** CBAM charge % of major EU price* Urea 46pc nitrogen Granular urea fca French Atlantic Egypt 43.26 0.94 9.3 Algeria 44.92 0.98 9.6 Nigeria 49.09 1.07 10.5 Russia 49.92 1.09 10.7 Azerbaijan 54.92 1.19 11.7 Turkmenistan 58.25 1.27 12.5 Uzbekistan 58.25 1.27 12.5 Average 51.23 1.11 11.0 UAN 30pc nitrogen UAN 30 fca Rouen Trinidad & Tobago 68.03 2.27 19.2 Egypt 75.53 2.52 21.3 Russia 85.53 2.85 24.1 US 94.69 3.16 26.7 Average 80.94 2.70 22.8 AN 33.5pc nitrogen AN 33.5 cpt France Russia 154.91 4.62 32.8 Georgia 158.24 4.72 33.5 Uzbekistan 160.74 4.80 34.0 Average 157.97 4.72 33.4 CAN 27pc nitrogen CAN 27 cif inland Germany Egypt 115.45 4.28 33.2 Russia 129.61 4.80 37.3 Ukraine 129.61 4.80 37.3 Turkey 130.44 4.83 37.5 Average 126.28 4.68 36.3 Amsul 21pc nitrogen Granular amsul fob NW Europe Egypt 19.51 0.93 8.0 Russia 22.84 1.09 9.3 Serbia 22.84 1.09 9.3 China 74.49 3.55 30.4 Average 34.92 1.66 14.2 *prices assessed on 4 December; **based on ETS prompt price of €82.48/t on 10 December; ***nitrogen content of products can vary depending on plant Argus Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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US fuel groups eye compromise in E15 talks

10/12/25
News
10/12/25

US fuel groups eye compromise in E15 talks

New York, 10 December (Argus) — Major US fuel groups agree on the framework for a bill that would authorize a higher ethanol blend in gasoline and revamp a separate program requiring biofuel blending. But there is more work ahead before a final deal can be reached, sources told Argus . The American Petroleum Institute withdrew support earlier this year for a slimmer bill allowing year-round sale of gasoline blends with 15pc ethanol (E15), kickstarting a new round of negotiations. The group has since been pitching the White House and biofuel groups on a larger bill that would both allow E15 and restrict small refiners' ability to skirt biofuel quotas. The oil group, ethanol advocates and fuel retailers last week publicly endorsed the general framework of a bill to allow year-round E15 and limit small refinery blending exemptions, and negotiations are ongoing. The issue has the attention of President Donald Trump, who asked a farmer at a White House event this week if E15 would be "a big deal". The US requires oil companies to annually blend biofuels, while allowing small refiners to seek hardship exemptions. Sales of ethanol blends above 10pc are limited in the summer due to smog rules. Whether the groups can compromise and persuade Congress to act will shape crop demand, biofuel production margins and retail fuel prices in the coming years. Past proposals to legalize E15 year-round, a longtime priority for the ethanol industry, have failed. The idea The American Petroleum Institute's pitch for reining in exemptions is to reduce the number of eligible companies and to make it harder for them to prove distress, according to five people familiar with the group's lobbying. A Trump administration plan that would require refiners without exemptions to blend more biofuels to compensate for refiners with exemptions has raised the stakes of the debate and riled larger oil companies. The oil group has floated restricting exemptions to companies with limited collective refining capacity, excluding larger enterprises like Delek that own multiple smaller units. The group has also proposed scrapping a Department of Energy hardship scoring system that has yielded unpredictable results over the years and that a 2022 Government Accountability Office study found was "critically flawed". Instead, refiners would have to prove that hardship stems directly from the biofuel program, and regulators could offer "proportional" exemptions based on the evidence, three of the people said. The US currently waives either all or half of the blend mandates for refiners that prove hardship. The Trump administration this year granted dozens of requests for exemptions from prior-year mandates, and more petitions are pending. More work ahead While these ideas address longstanding concerns from biofuel and crop groups that waivers curb demand for their products, the American Petroleum Institute also wants to permanently bar regulators from requiring other oil companies offset biofuel volumes lost to exemptions — a tougher sell in the Farm Belt. Another concern is timing. The American Petroleum Institute initially pushed for the exemption changes and ban on redistributing biofuel obligations to take effect next year. But some energy lobbyists want a delay until 2028, fearing that immediate changes could delay the Trump administration's work to finalize new biofuel blend mandates, three people said. New quotas for 2026 and 2027 are already late. Oil interests outside the American Petroleum Institute could also push back if negotiations advance. Refiners so far have been divided. Some want to protect their ability to win lucrative exemptions, while others have long taken issue with special rules for their competitors and hotly oppose Trump's plan to make them blend more biofuels to compensate. Even if the groups reach a deal, convincing Congress is its own challenge. An E15 proposal last year was pulled out of a larger spending package at the last minute , and farm-state lawmakers have been unsuccessful more recently in their efforts to add E15 to a defense bill. One option lobbyists have eyed is adding any new E15 agreement to legislation to fund the government after 30 January. The Renewable Fuels Association, which represents ethanol producers, said that it "continues to have serious discussions with multiple stakeholder groups and we are encouraged by the progress of those conversations". The American Petroleum Institute and ethanol industry group Growth Energy declined to comment. The Environmental Protection Agency said it is "committed to strengthening American energy security and supporting American farmers" but noted that changing rules around E15 and small refinery exemptions "requires an act of Congress". It is not clear how much more ethanol drivers would burn if the US permitted year-round E15. Most gas stations do not currently offer the blend, which advocates blame on regulatory hurdles deterring retailers from investing in new infrastructure. Rising vehicle fuel efficiency and electric vehicle sales have also cut into liquid fuel demand. By Cole Martin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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