Weekly Agri- Commodities Recap: 29/07-02/08/24
Aug 05, 2024
Monday started with weaker futures markets as Russian wheat production increased while French wheat faced quality issues due to adverse weather. Algeria bought 100,000 tons of barley at around USD 218.80. Russia's central bank raised interest rates to 18%. Net short positions in wheat, corn, and soybeans were reduced.
Tuesday saw wheat futures recover nicely after an early dip, with corn and soybeans also slightly improved. Russian wheat prices hovered around USD 220. The Swiss grain harvest was disappointing, with yields down 30% due to a wet spring, mirroring poor results in France. Tunisia announced a tender for 125,000 metric tons of soft milling wheat and 50,000 tons of durum wheat. USDA export inspections showed strong numbers for soybeans, wheat, and corn.
Wednesday futures markets closed weaker, starting the day in the red. The cash grain market felt weaker with increased offers from the Black Sea region and subdued demand. U.S. corn and wheat looked attractive due to competitive prices. Brazil saw strong movement with farmers bringing soybeans and corn to market, with the corn harvest advancing rapidly. Tunisia acquired 125,000 metric tons of soft milling wheat and 50,000 metric tons of durum wheat.
Thursday saw Chicago corn futures drop below USD 4.00 for the first time in four years. Wheat markets were mixed, while the bean oil share gained. Jordan passed on a barley tender but will issue a new one on August 7. Cash grain markets were quiet, with Russian wheat showing a weaker tone. The French wheat harvest continued to disappoint. Taiwan's MFIG purchased 65,000 metric tons of Brazilian corn, and Ukraine’s 2024 grain forecast was reduced to 71.8 million metric tons due to heatwaves. Friday saw slight short covering in CBOT due to a weaker U.S. dollar, though European prices stayed weak. The USDA reported a private sale of 202,000 tons of soybeans to China for the 2024/2025 marketing year. Funds reduced their net short in corn while increasing their net short in soybeans. Concerns about a potential U.S. recession impacted global markets and currencies, offering some short-term support for CBOT prices. Weather forecasts suggest favorable conditions for harvest progress in France.
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.
