Agri- Commodities 01-04/09/25
Sep 08, 2025
Monday With U.S. markets closed for the holiday, traded volumes in MATIF milling wheat fell below recent averages, but sentiment was clearly negative. Reports of falling Russian export prices added to the pressure, while a stronger euro weighed further on European contracts. U.S. export inspections and crop progress reports were postponed until Tuesday, leaving the market with limited fresh input.
Tuesday U.S. wheat futures declined sharply as they caught up with European markets, which had already moved lower and set fresh contract lows a day earlier. Soybeans followed the same path, pressured by the lack of progress in U.S.–China trade discussions and continued absence of Chinese demand. Corn, however, managed to recover from early losses, buoyed by persistent concerns over U.S. yields and firmer demand compared with other grains.
Wednesday Corn and soybean prices retreated again, despite weaker U.S. crop ratings that might normally have offered some support. Wheat was unable to find direction from corn and slipped for a second straight session on the C-B-O-T. MATIF wheat futures traded narrowly but posted another new contract low in December, briefly dipping under the 190 Eur threshold, underscoring the market’s continued bearish tone.
Thursday Trading was choppy in corn and soybeans, with prices moving lower during the day before staging a late reversal into positive territory. Wheat futures across the board struggled once again, marking new contract lows in December MATIF, Chicago, and Kansas contracts. The question of how much downside remains has become more pressing, with prices already sitting at multi-year lows and fund positioning increasingly in focus.
Friday Grains ended the week under pressure, mirroring broader weakness in financial markets. Corn gave back gains from earlier in the week, retreating from a six-week high as short covering eased ahead of official U.S. yield estimates. Wheat stayed weighed down by ample global supply and disappointing U.S. export sales, while soybeans slipped further on soft export demand and ongoing absence of Chinese buying. Looking ahead, markets are preparing for a busy week with the U.S. inflation report and ECB interest rate decision due Thursday, followed by the USDA WASDE release on Friday.
Weekly Recaps
Freight
Freight Recap:
18/12/25
Dec 18, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
