Agri- Commodities 14-18/07/25
Jul 21, 2025
Monday opened with early optimism in wheat markets after Algeria issued a major tender. However, prices quickly reversed, and wheat futures closed lower, with September MATIF leading the retreat. The widening U/Z spread underscored weak nearby demand. Corn also started poorly, hitting fresh lows before bargain buying helped prices stabilize. But the crop progress report released after the close confirmed strong U.S. corn conditions, reinforcing expectations for a sizable harvest.
Tuesday brought a notable turnaround in MATIF wheat, supported by Algeria’s sizeable wheat purchase and a weaker euro. Chicago wheat lagged, as dollar strength kept U.S. exports uncompetitive. Corn traded both sides of unchanged before posting minor gains, while soybeans came under renewed pressure following improved U.S. crop ratings that diminished weather-related support.
Wednesday saw soybeans shift to the lead, bolstered by a USDA flash sale and confirmation of a U.S. trade deal with Indonesia, a key soybean buyer. This demand-side boost also helped lift corn, which logged a third consecutive day of gains. Wheat futures remained mixed, struggling for direction in the face of persistent global supply pressure and lackluster international buying.
Thursday extended the soybean rally, with futures climbing to a one-week high on technical buying and strength in soyoil. Corn reversed lower, pressured by weak old-crop export sales and the ongoing expectation of a large U.S. harvest. Wheat futures dropped to new lows, with global supplies weighing heavily. MATIF wheat managed small gains, supported by continued euro weakness.
Friday finally brought a broader rally across the grain complex. Hot, dry weather returned to the U.S. Midwest forecast, raising concerns about stress during critical crop development stages. Soybeans jumped nearly 3%, touching a two-week high on renewed concerns over yield potential. Corn posted solid gains on fears around pollination, while wheat rebounded slightly on short covering and ongoing quality concerns in parts of Europe due to excessive rainfall.
As the new week begins, the market is positioned for increased volatility. With weather firmly back in focus and traders awaiting fresh export data and July supply updates, the next few sessions will be critical in determining whether Friday’s strength was a turning point—or just a temporary reprieve in a still-bearish environment.
Weekly Recaps
Freight
Freight Recap:
11/09/25
Sep 11, 2025
The dry bulk freight market maintained a firm tone this week, with Handysize, Supramax, and Panamax indices all showing gains.
Commodities
Agri- Commodities:
01-04/09/25 Agri
Sep 08, 2025
Grain markets remained under pressure last week, with wheat leading losses as both C-B-O-T and MATIF contracts hit fresh multi-year lows on ample global supply and weak demand. Corn was more resilient, briefly reaching a six-week high before retreating as short covering faded, while soybeans slid throughout the week on poor export demand and the continued absence of Chinese buying. Broader financial market weakness added to bearish sentiment, and traders now look ahead to key macro events — U.S. inflation data, the ECB rate decision, and Friday’s USDA WASDE report.
Freight
Freight Recap:
04/09/25
Sep 04, 2025
The dry bulk freight market maintained a firm tone this week, with Handysize, Supramax, and Panamax indices all showing gains.
Commodities
Agri- Commodities:
25-29/08/25 Agri
Sep 01, 2025
Soybeans fell, while C-B-O-T wheat and corn closed in the green, though both retreated from intraday highs as the dollar strengthened. A weaker euro supported M-A-T-I-F wheat, which rebounded but remains in back-and-forth trade. U.S. corn and soybean condition ratings came in stronger than expected, though findings from last week’s crop tour continue to cast doubt on the USDA’s corn yield projection.
