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:
2/10/25
Oct 02, 2025
The dry bulk market displayed mixed conditions, with Handysize maintaining its upward momentum, Supramax undergoing further corrections, and Panamax continuing to weaken across both basins. Atlantic activity showed some resilience in smaller segments, while Asia was muted due to regional holidays. Broader sentiment in larger segments remained under pressure, influenced by excess tonnage and soft FFA signals.
Commodities
Agri- Commodities:
22-26/09/25 Agri
Sep 29, 2025
Grain markets opened the week under pressure after Argentina suspended export taxes on soy, corn, wheat, and by-products. The move sparked expectations of aggressive short-term sales, sending Chicago wheat to fresh contract lows and weighing on soybeans and soy products. MATIF wheat held just above recent lows ahead of Algeria’s tender, though sentiment remained weak as U.S. futures fell again and the euro strengthened to 1.18. U.S. inspections showed lighter soybean and corn volumes, while wheat topped expectations. Crop progress confirmed steady harvest advances but slight condition declines, with winter wheat planting just behind forecasts.
Freight
Freight Recap:
25/09/25
Sep 25, 2025
The dry bulk market showed a split tone. Handysize remained constructive on selective strength, Supramax was steady-to-softer with Atlantic support offset by Pacific pressure, and Panamax firmed on the day with more activity in both basins.
