Agri- Commodities 25-27/07/25
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.
Tuesday
saw wheat rebound sharply on both sides of the Atlantic after Russia trimmed crop and export estimates, boosting September futures. Additional support came from active wheat tenders from Tunisia and South Korea. In contrast, corn and soybeans extended losses as U.S. growing conditions remained highly favorable. Crop ratings reflected this optimism, with corn conditions hitting a nine-year high. Meanwhile, EU customs data confirmed weak export volumes, and Brazil’s July corn exports slipped from the prior week, signaling broader global softness.
Wednesday
brought renewed selling pressure, with corn falling for a third consecutive session and soybeans slipping further following China's plans to cut hog production. Wheat retreated alongside the euro’s strength and lingering Russian competition. Despite earlier optimism, traders booked profits amid ongoing supply abundance. Futures data showed non-commercial participants increasing their net short on MATIF wheat, signaling a more defensive positioning.
Thursday
delivered a temporary lift in CBOT corn and wheat, helped by strong U.S. export sales and active trade from South Korean buyers. Soybeans also edged higher, aided by technical buying. However, MATIF grains extended losses, maintaining export-friendly levels despite limited upward momentum. USDA export data revealed over 2 million tons in weekly grain sales, with additional private sales of U.S. corn to South Korea reinforcing short-term demand support.
Friday
ended the week on a weak note, with all major grains easing. Favorable U.S. weather and trade uncertainty weighed on soybeans, while corn and wheat lost ground amid bearish sentiment and strong global supply. MATIF wheat closed the week down over 3%, undermined by a firm euro and Germany’s harvest concerns. The week concluded with updated USDA sales to Mexico and South Korea, though these were insufficient to reverse the downward momentum.
Weekly Recaps
Freight
Freight Recap:
2/10/25
Oct 02, 2025
The dry bulk market displayed mixed conditions, with Handysize maintaining its upward momentum, Supramax undergoing further corrections, and Panamax continuing to weaken across both basins. Atlantic activity showed some resilience in smaller segments, while Asia was muted due to regional holidays. Broader sentiment in larger segments remained under pressure, influenced by excess tonnage and soft FFA signals.
Commodities
Agri- Commodities:
22-26/09/25 Agri
Sep 29, 2025
Grain markets opened the week under pressure after Argentina suspended export taxes on soy, corn, wheat, and by-products. The move sparked expectations of aggressive short-term sales, sending Chicago wheat to fresh contract lows and weighing on soybeans and soy products. MATIF wheat held just above recent lows ahead of Algeria’s tender, though sentiment remained weak as U.S. futures fell again and the euro strengthened to 1.18. U.S. inspections showed lighter soybean and corn volumes, while wheat topped expectations. Crop progress confirmed steady harvest advances but slight condition declines, with winter wheat planting just behind forecasts.
Freight
Freight Recap:
25/09/25
Sep 25, 2025
The dry bulk market showed a split tone. Handysize remained constructive on selective strength, Supramax was steady-to-softer with Atlantic support offset by Pacific pressure, and Panamax firmed on the day with more activity in both basins.
