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:
31/07/25
Jul 24, 2025
Dry bulk shipping remained steady but segmented this week, with flat sentiment and limited enquiry capping Supramax and Handysize activity in the Atlantic, while tighter tonnage and weather delays in the North Pacific lent support in Asia—alongside trade agreements in the U.S. and South Korea set to expand shipbuilding ties and LNG flows.
Commodities
Agri- Commodities:
21–25/7/25 Agri
Jul 28, 2025
Monday opened with broad losses across CBOT and MATIF markets, spurred by fund selling and forecasts for widespread Midwest rains. Corn and soybeans weakened amid rapid U.S. and Russian harvest activity, while wheat was dragged down by rising export competition and easing weather concerns. Crop reports showed Russia’s Stavropol region nearing harvest completion, with a national forecast of 135 million tons for 2025. Meanwhile, Brazil’s AgRural raised its corn output forecast, and the EU’s MARS projected a 6% year-on-year increase in soft wheat yields, strengthening bearish fundamentals.
Freight
Freight Recap:
24/07/25
Jul 24, 2025
Dry bulk shipping faces mixed regional dynamics this week, as sluggish Atlantic demand and excess tonnage weigh on Panamax and Supramax rates, while tighter vessel availability and steadier fundamentals support smaller sizes in Asia—amid evolving trade policies in India and Ghana promising to boost logistics transparency and efficiency.
Commodities
Agri- Commodities:
14-18/07/25 Agri
Jul 21, 2025
Grain markets found support late last week, led by soybeans and corn on weather concerns, while wheat remained under pressure from ample global supply. Friday’s rally offered hope, but sustained strength will depend on weather and demand developments in the days ahead.
