Agri- Commodities 04-08/08/25
Aug 11, 2025
Monday Markets opened the week with mixed results. The front MATIF milling wheat contract posted strong gains, supported by historically large remaining open interest from funds. In contrast, corn futures fell to new lows, pressured by expectations that the USDA will align with private analysts in sharply increasing US corn yield estimates.
Tuesday Wheat and corn faced renewed selling pressure, with several contracts hitting fresh lows. MATIF December wheat settled below the key psychological threshold of €200—a level not breached by December futures in over four years.
Wednesday US wheat prices showed early signs of stabilizing as the recent decline improved competitiveness for US-origin supplies. CBOT corn and soybeans continued to slip, weighed down by non-threatening US weather forecasts and ongoing Chinese avoidance of US imports. The weakening US dollar further eroded EU export competitiveness.
Thursday Grains staged a rebound from oversold levels, driven by short covering and bolstered by strong US export sales data. Open interest in September MATIF wheat fell sharply as funds actively closed or rolled positions, giving the front contract an additional lift.
Friday Grains ended the week on the defensive, surrendering part of Thursday’s gains amid caution ahead of a pivotal week. Global attention remained fixed on the Trump-Putin meeting in Alaska. Fund positions stayed net short across the board, with limited concern over global supply prospects for the 2025/26 season. However, short covering remains a risk.
Weekly Recaps
Freight
Freight Recap:
13/11/25
Nov 13, 2025
The dry bulk market showed a mixed performance, with Handysize activity remaining limited, Supramax maintaining firmer sentiment, and Panamax extending its gains on stronger fundamentals. The Atlantic generally held a positive tone across most segments, while the Pacific remained steady but slower, with Asian Handysize and Supramax markets facing softer enquiry and longer tonnage lists. Period interest persisted in both Supramax and Panamax sectors, supported by balanced fundamentals and improving demand signals.
Commodities
Agri- Commodities:
03-07/11/25 Agri
Nov 10, 2025
Soybeans extended their rally on expectations of accelerating Chinese demand, while rumors of U.S. wheat sales to China lifted Chicago futures. Corn stayed firm after StoneX raised its U.S. yield estimate to 186.0 bu/acre, though many still expect revisions lower in upcoming reports. Harvest progress reached 91% for soybeans and 83% for corn, with winter wheat planting nearly complete at 91%.
Export inspections totaled 965k t of soybeans, 1.67 mmt of corn, and 350k t of wheat—broadly in line with expectations. Despite easing trade tensions, Chinese importers continued booking cheaper Brazilian soybeans, reportedly 20 cargoes for December through mid-2026. Kazakhstan’s agriculture ministry reported a 27.1 mmt total harvest, including 20.3 mmt of wheat, far above USDA’s 16 mmt estimate.
Freight
Freight Recap:
06/11/25
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.
