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
Commodities
Agri- Commodities:
10-14/11/25 Agri
Nov 17, 2025
Grain markets firmed at the start of the week as headlines about a possible end to the U.S. government shutdown lifted CBOT futures, while European wheat lagged and improved EU export competitiveness. Market participants noted that, without fresh supportive catalysts, the rally might prove short-lived. Average trade estimates placed U.S. corn and soybean harvests at 92% and 96% complete, with winter wheat 95% planted and 52% good/excellent, though official USDA data remained unavailable due to the shutdown.
Egypt’s state buyer Mostakbal Misr was reported to have bought around 500k tons of wheat for late December–January delivery, including roughly 200k tons from Russia. Russian 12.5% FOB wheat closed last week at $232/t, slightly up on the week. Brazil’s 25/26 corn crop was forecast by Safras at 143.6 mmt, well above USDA’s September estimate. U.S. export inspections showed solid corn and soybean volumes but cumulative soybean loadings remained 6.4 mmt behind last year.
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.
