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:
6/11/25
Nov 06, 2025
The dry bulk market experienced a generally softer tone this week, with most segments facing mild corrections. The Handysize and Supramax sectors saw limited fresh activity, while the Panamax market showed brief midweek stability before continuing its downward trajectory. Weak demand across basins and growing vessel availability placed pressure on rates, though select regional improvements offered some support.
Commodities
Agri- Commodities:
27-31/10/25 Agri
Nov 03, 2025
Grain markets opened the week firmer after upbeat headlines on a potential U.S.–China trade deal lifted risk appetite across commodities. The optimism came despite limited clarity on agricultural commitments and lingering pressure from weaker export data.
Russian wheat prices were slightly lower, while EU maize yields were trimmed further. In Argentina, the peso strengthened after President Javier Milei’s party secured a midterm victory. U.S. harvest progress advanced, though export inspections remained subdued.
Freight
Freight Recap:
30/10/25
Oct 30, 2025
Freight markets continued to ease across the board this week, with Panamax, Supramax, and Handysize segments all facing renewed pressure. Sentiment turned cautious as limited fresh demand and increasing tonnage lists in both basins weighed on rates, suggesting that the short-lived rally in mid-October may have topped out.
Commodities
Agri- Commodities:
20-24/10/25 Agri
Oct 27, 2025
Grain markets experienced a volatile but directionally mixed week, driven by optimism surrounding renewed US–China trade talks, fluctuating macro sentiment, and shifting global production estimates. Soybeans led early in the week, supported by trade optimism and strong export inspections, while wheat and corn were more restrained, pressured by abundant supply outlooks and mixed demand signals.
Monday began on a firm note, particularly for soybeans, which rallied sharply on upbeat remarks from President Trump about a potential trade deal with China. The oilseed market gained double digits amid rising hopes of resumed Chinese purchases. Wheat and corn, by contrast, traded mixed, with bearish pressure from improved Russian and Australian wheat crop outlooks limiting upside. IKAR raised Russia’s 2025 wheat forecast to 88.0 mmt and Australia’s harvest was seen near 36 mmt—its third largest on record. Still, lower prices encouraged demand, with Algeria issuing a December wheat tender.
