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:
6/11/25
Nov 06, 2025
The dry bulk market experienced a generally softer tone this week, with most segments facing mild corrections. The Handysize and Supramax sectors saw limited fresh activity, while the Panamax market showed brief midweek stability before continuing its downward trajectory. Weak demand across basins and growing vessel availability placed pressure on rates, though select regional improvements offered some support.
Commodities
Agri- Commodities:
27-31/10/25 Agri
Nov 03, 2025
Grain markets opened the week firmer after upbeat headlines on a potential U.S.–China trade deal lifted risk appetite across commodities. The optimism came despite limited clarity on agricultural commitments and lingering pressure from weaker export data.
Russian wheat prices were slightly lower, while EU maize yields were trimmed further. In Argentina, the peso strengthened after President Javier Milei’s party secured a midterm victory. U.S. harvest progress advanced, though export inspections remained subdued.
Freight
Freight Recap:
30/10/25
Oct 30, 2025
Freight markets continued to ease across the board this week, with Panamax, Supramax, and Handysize segments all facing renewed pressure. Sentiment turned cautious as limited fresh demand and increasing tonnage lists in both basins weighed on rates, suggesting that the short-lived rally in mid-October may have topped out.
Commodities
Agri- Commodities:
20-24/10/25 Agri
Oct 27, 2025
Grain markets experienced a volatile but directionally mixed week, driven by optimism surrounding renewed US–China trade talks, fluctuating macro sentiment, and shifting global production estimates. Soybeans led early in the week, supported by trade optimism and strong export inspections, while wheat and corn were more restrained, pressured by abundant supply outlooks and mixed demand signals.
Monday began on a firm note, particularly for soybeans, which rallied sharply on upbeat remarks from President Trump about a potential trade deal with China. The oilseed market gained double digits amid rising hopes of resumed Chinese purchases. Wheat and corn, by contrast, traded mixed, with bearish pressure from improved Russian and Australian wheat crop outlooks limiting upside. IKAR raised Russia’s 2025 wheat forecast to 88.0 mmt and Australia’s harvest was seen near 36 mmt—its third largest on record. Still, lower prices encouraged demand, with Algeria issuing a December wheat tender.
