Agri- Commodities 16-20/06/25
Jun 23, 2025
Monday Monday opened with wheat and corn giving back gains from the prior session, pressured by generally favorable U.S. crop outlooks. Corn conditions improved to 72% good-to-excellent (G/E), aligning with last year’s level, while soybean ratings declined to 66% G/E. Winter wheat condition unexpectedly slipped, and harvest progress remained significantly delayed. Export inspections showed continued strength for corn, while soybean oil surged on tighter-than-expected NOPA stocks. Geopolitics hovered in the background as Iran signaled a desire to avoid escalation with Israel, while Turkey offered to mediate talks.
Tuesday On Tuesday, U.S. wheat futures found support amid the drop in winter wheat ratings and risk positioning ahead of the Juneteenth holiday. Traders were influenced by both fundamentals and mounting geopolitical uncertainty, as former President Trump voiced support for ending negotiations with Iran. Algeria’s wheat tender reaffirmed the Black Sea’s export competitiveness, securing around 550k tons at stable prices, mostly from Romania, Bulgaria, and Ukraine. Meanwhile, EU wheat exports edged higher, though line-up data suggests a more substantial pace than official numbers indicate.
Wednesday Wednesday saw wheat futures rally over 4% in the U.S. and nearly 3% in Europe, fueled by fund short covering, adverse Russian crop headlines, and war-related concerns. A state of emergency in drought-hit Krasnodar amplified Russian supply concerns, while heavy speculative short positions in MATIF wheat underpinned the rally. The Federal Reserve maintained interest rates steady, but the economic outlook was clouded by the administration’s trade policies and rising geopolitical tensions.
Thursday Thursday’s holiday-thinned session saw quieter trade, though geopolitical risk remained front and center. Markets digested reports that President Trump was giving diplomacy two more weeks before deciding on military action against Iran. Iran, in turn, warned of potential retaliation and threatened the strategic Strait of Hormuz. Argentine wheat planting accelerated, while harvests for soy and corn continued, though rains have delayed corn progress. Friday Friday closed the week with broad declines across grain futures. Russia raised its wheat production outlook to 90 mmt for 2025, while France saw a slight deterioration in wheat conditions. U.S. export sales showed decent volumes, particularly for old crop soybeans. The key development over the weekend was the U.S. airstrikes on Iranian nuclear facilities. Despite the gravity of the strikes, the immediate market reaction was surprisingly restrained, suggesting traders are awaiting Tehran’s next move.
Weekly Recaps
Freight
Freight Recap:
13/11/25
Nov 13, 2025
The dry bulk market showed a mixed performance, with Handysize activity remaining limited, Supramax maintaining firmer sentiment, and Panamax extending its gains on stronger fundamentals. The Atlantic generally held a positive tone across most segments, while the Pacific remained steady but slower, with Asian Handysize and Supramax markets facing softer enquiry and longer tonnage lists. Period interest persisted in both Supramax and Panamax sectors, supported by balanced fundamentals and improving demand signals.
Commodities
Agri- Commodities:
03-07/11/25 Agri
Nov 10, 2025
Soybeans extended their rally on expectations of accelerating Chinese demand, while rumors of U.S. wheat sales to China lifted Chicago futures. Corn stayed firm after StoneX raised its U.S. yield estimate to 186.0 bu/acre, though many still expect revisions lower in upcoming reports. Harvest progress reached 91% for soybeans and 83% for corn, with winter wheat planting nearly complete at 91%.
Export inspections totaled 965k t of soybeans, 1.67 mmt of corn, and 350k t of wheat—broadly in line with expectations. Despite easing trade tensions, Chinese importers continued booking cheaper Brazilian soybeans, reportedly 20 cargoes for December through mid-2026. Kazakhstan’s agriculture ministry reported a 27.1 mmt total harvest, including 20.3 mmt of wheat, far above USDA’s 16 mmt estimate.
Freight
Freight Recap:
06/11/25
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.
