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:
18/12/25
Dec 18, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
