Agri- Commodities: 7/4- 14/4/25
Apr 15, 2025
Monday Grain markets began the week relatively stable, despite heightened volatility in U.S. financial markets. The threat of escalating trade tensions between the U.S. and China remained a significant concern, as President Trump proposed additional tariffs on Chinese imports. In the grain markets, U.S. export inspections for soybeans and corn were strong, while wheat inspections fell short of expectations. Winter wheat conditions in the U.S. showed a marked decline, with the crop rated 48% good/excellent, down from 56% at the same time last year. Analysts do not expect major changes in U.S. ending stock estimates in the upcoming USDA WASDE report, though global estimates may be revised, especially for corn, soybean, and wheat stocks.
Tuesday Tuesday saw grains post higher prices, with soybeans leading the way. This was driven by optimism surrounding biofuel demand and firmer soyoil prices, despite a roller-coaster day for U.S. stock markets. U.S. tariffs on Chinese goods were raised to 104%, escalating the trade dispute and weighing on market sentiment. However, the USDA reported private sales of 240k tons of corn to Spain, signaling that demand for U.S. grain remains steady despite ongoing trade tensions. Wheat markets were largely unaffected by a hailstorm in Russia's Stavropol region, which damaged a small portion of the wheat crop
Wednesday The grain markets showed limited movement, with traders awaiting further developments from the ongoing U.S.-China trade conflict. The USDA report, set to be released later in the day, was expected to provide few new insights ahead of the May crop estimates. In Argentina, the Rosario Grains Exchange lowered its soybean crop estimate but raised its corn forecast. In the U.S., the market continued to adjust positions, with non-commercial participants trimming short positions in MATIF wheat and increasing long positions in rapeseed
Thursday Thursday saw a shift in grain prices, with corn and soybeans jumping while wheat continued to struggle. The USDA’s WASDE report revised U.S. corn ending stocks downward by 75 million bushels, a move that supported corn prices. In contrast, wheat stocks were increased due to weaker net trade, with global wheat import projections revised lower, particularly for China. Meanwhile, Brazil raised its production forecasts for both soybeans and corn, exerting downward pressure on global prices. The strengthening U.S. dollar also continued to challenge EU exporters.
Friday The week ended on a positive note, with grain prices closing higher across the board. A weakening U.S. dollar supported CBOT prices. In Europe, French wheat conditions slightly declined, though they remained well above last year’s levels. Russia’s winter grain crops were reported to be in good condition, despite earlier concerns. The trade conflict between the U.S. and China remained a key focus, with China raising tariffs to 125% on U.S. goods, further complicating the market outlook. Nonetheless, the grain market remained resilient, driven by shifting weather patterns.
Weekly Recaps
Freight
Freight Recap:
11/12/25
Dec 11, 2025
The dry bulk market saw a softer overall tone, with Handysize holding largely flat, Supramax weakening across both basins, and Panamax continuing its decline despite some localized Atlantic support. Activity levels remained muted in many regions, with owners increasingly seeking cover ahead of the holiday period. The Atlantic showed mixed signals across segments, while the Pacific faced longer tonnage lists and weaker demand, keeping pressure on rates.
Commodities
Agri- Commodities:
01-05/12/25 Agri
Dec 08, 2025
USDA announced no new flash sales, disappointing soybean markets. Weekly export sales remain delayed and have not yet reached the period covering the US–China trade deal, leaving the true pace of buying uncertain. CBOT corn and wheat eased, while March MATIF wheat posted small gains after finding support at intraday contract lows. ABARES raised Australia’s 2025/26 wheat, barley, and canola output, though the increases were broadly in line with expectations. Algeria’s OAIC issued a soft wheat tender for February shipment, and Russian wheat prices slipped again, with 12.5% FOB for January at $227/t.
Freight
Freight Recap:
04/12/25
Dec 04, 2025
The dry bulk market saw a generally mixed performance, with Handysize remaining supported in the Atlantic, Supramax showing uneven movement across regions, and Panamax continuing its correction as rising vessel supply weighed on sentiment. Atlantic dynamics were split between firmer US Gulf/US East Coast activity in the smaller segments and softer conditions for Panamax. In the Pacific, muted enquiry and longer lists contributed to a softer tone, especially in NoPac, though isolated strength persisted in Australian coal.
Commodities
Agri- Commodities:
24-28/11/25 Agri
Dec 01, 2025
Wheat opened the week lower after Saudi Arabia’s tender came in sharply priced, while soybeans and corn also finished slightly weaker. Market reaction to the Trump–Xi call remained muted, particularly for soybeans, where repeated political signals have not delivered the expected demand. Saudi Arabia’s GFSA bought 300k tons of wheat for March–April arrival at $257.96–$259.74/t CnF, roughly $5–$5.50 below the previous tender, with February slots skipped. Russian 12.5% protein wheat eased by $1 to $228/t FOB according to IKAR, and MARS reported that winter-cereal sowing in Europe is largely complete under mostly favorable conditions. US winter wheat conditions improved to 48% good/excellent, two points above the five-year average.
USDA confirmed private sales of 123k tons of US soybeans to China, bringing known 25/26 sales to 1.94 mmt, with an additional 0.62 mmt sold to “unknown” since October. Weekly US export inspections showed 799k tons of soybeans, 1,632k tons of corn, and 475k tons of wheat. No soybeans were shipped to China, leaving total inspections well behind last year’s levels.
