Mercaris’ price assessments, analytics and forecasts for organic and non-GMO (non-genetically modified) agriculture cover organic corn, soybeans, soybean meal, wheat and other small grains, plus non-GMO corn and soybeans, as well as organic dairy markets. Its price assessments for cash crops of organic soybeans and corn adhere to the IOSCO Principles for Price Reporting Agencies and are used as the basis for physical and over-the-counter options contracts.
"The development of sustainable agriculture is critical as the world embraces the transition to net zero," said Adrian Binks, Argus Media chairman and CEO. "The integration of Mercaris into Argus will allow us to scale our offering and provide valuable new market transparency.”
Besides price assessments, Mercaris provides acreage estimates, supply/demand analysis, and facilities density mapping to customers across the agriculture supply chain in the US. These include farmers, processors and retailers alongside government entities, financial and agricultural inputs companies.
The addition of the Mercaris team will accelerate the development of Argus agriculture pricing and analytics in the Americas, and open up opportunities in biofuels and other agricultural inputs.
"Together, we will be able to broaden Argus agriculture insights both within the U.S. and internationally and enhance our existing product portfolio, better serve our customers, and accelerate product development into related markets," said Kellee James, founder and chief executive of Mercaris.
The terms of the transaction were not disclosed.