Weekly Agri- Commodities Recap: 01-05/07/24
Jul 08, 2024
The week started with wheat prices rebounded over 2%, while corn remained pressured. Saudi Arabia’s GFSA bought 235,000 tons of milling wheat, less than expected. Russian wheat prices fell to $226 per ton FOB. Ukraine’s grain exports rose to 50.8 million metric tons (mmt), but a lower 2024 crop forecast suggests reduced future exports. US export inspections were unimpressive, with corn and soybean conditions holding steady and the winter wheat harvest advancing to 54%.
On Tuesday wheat prices reversed amid a lack of supportive news. Corn initially rallied due to oversold conditions and a USDA flash sale but later gave back gains. The USDA confirmed a corn sale to Colombia, and Jordan canceled its wheat tender due to high prices.
On Wednesday wheat briefly rallied on news of attacks on Russian ports but fell back on improved Russian production forecasts. SovEcon raised their Russian wheat production forecast by 3.4 mmt to 84.1 mmt. Tunisia issued new wheat tenders, and Jordan purchased feed barley. Significant fund selling was noted in MATIF milling wheat.
Thursday showed MATIF milling wheat closed higher in low-volume trading. Tunisia bought 100,000 tons of soft wheat and 50,000 tons of durum wheat. The USDA attaché in China predicted increased corn demand, while the Czech Republic forecasted a 12% drop in wheat production.
The week ended with strong Grains , led by US wheat futures. French wheat conditions deteriorated, with only 58% rated good/excellent. The projected yield drop suggests the smallest crop since 2016. US wheat export sales were robust, reaching a marketing year high. Slowing US job growth hinted at possible Federal Reserve rate cuts.
Weekly Recaps
Freight
Freight Recap:
18/12/25
Dec 18, 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:
08-12/12/25 Agri
Dec 15, 2025
CBOT markets finished lower ahead of Tuesday’s WASDE, which was widely expected to lack bullish surprises. MATIF wheat was the exception, posting small gains. Russian 12.5% protein wheat FOB for January delivery edged up by $0.5 w/w to $227.5/t, according to IKAR. Geopolitical headlines remained in focus after Ukrainian President Volodymyr Zelenskiy said US-brokered peace talks remain stalled over security guarantees and control of eastern Ukraine, particularly the Donbas.
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.
