Agri- Commodities: 12-16/5/25
May 19, 2025
Monday kicked off with a flurry of major developments. The USDA’s first 2025/26 crop year projections revealed tighter-than-expected corn and soybean ending stocks, lifting those markets, though wheat futures lagged on a more bearish supply outlook. Meanwhile, U.S.-China trade optimism resurfaced after both sides agreed to a 90-day mutual tariff rollback, triggering gains in soybeans and financial markets. U.S. crop planting made notable headway, while winter wheat ratings improved by three points to 54% good to excellent.
Tuesday saw wheat prices rebound modestly, though gains were capped as traders awaited results from Algeria’s wheat tender. The Wheat Quality Council’s tour in Kansas projected an average yield of 50.5 bpa, above the five-year average, with final figures due Thursday. France revised down its soft wheat sowings, and U.S. inflation data allowed the euro to strengthen. EU soft wheat exports reached 18.26 mmt by May 11, with line-ups estimated at 21.7 mmt.
Wednesday Wednesday brought stronger momentum in wheat, particularly Kansas varieties, aided by disease concerns in U.S. fields. Algeria was reported to have bought at least 660k tons of milling wheat at $244.50/ton C&F, nearly doubling last year's July volumes. FranceAgriMer lifted export forecasts but cut ending stocks, while Russia reported minimal frost damage. The Kansas tour yielded a second-day average of 53.3 bpa. Speculators deepened their record net short in MATIF wheat, weighing on European futures.
Thursday Thursday’s session was mixed. Soybeans fell sharply on U.S. biofuel policy uncertainty, while wheat found strength in export sales—746k tons of new crop wheat were booked, marking the largest single-week sales volume for 2025/26 so far. The Kansas wheat yield estimate was finalized at 53.0 bpa, projecting production at 338.5 mbu, up 14% year-on-year. Friday Friday closed the week with wheat under pressure amid weaker French crop ratings and China’s weather alert, warning that extreme heat and dry winds could harm crops. Funds turned more bearish on corn and expanded net short positions in CBOT wheat to the highest level so far this year, though soybeans remained resilient with increased fund length. Weather outlooks signaled continued dryness in Germany.
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.
