Weekly Agri- Commodities Recap: 05-09/08/24
Aug 12, 2024
Monday saw CBOT grain prices hold steady despite broader financial market declines. The weaker dollar offered some support, but significant short positions in corn, soybeans, and wheat likely played a role in the market's resilience. US crop conditions were mixed, with corn ratings slipping to 67% G/E and soybeans improving to 68% G/E. Ukraine's grain exports were faster compared to last year.
Tuesday's grain market saw losses, particularly in soybeans, due to improved US soybean ratings. Wheat prices reversed early losses, boosted by tenders from major wheat-importing countries. The EU’s projected wheat and corn crops are lower than USDA estimates, suggesting possible revisions. Jordan passed on its wheat tender due to high prices.
Wednesday brought further declines in CBOT corn and soybeans amid expectations of record yields in the upcoming USDA report. Wheat prices struggled to maintain gains from previous day’s tenders. Ukraine’s grain exports were slightly lower than June, and Jordan passed on its barley tender. Non-commercial participants increased their net short positions in MATIF milling wheat.
On Thursday, grain prices were mixed. Soybeans and corn faced pressure ahead of the USDA report, while wheat prices found support from MATIF gains and major wheat tenders. US weekly export sales exceeded expectations, particularly for soybeans. The NOAA forecasted ongoing ENSO-neutral conditions with a chance of La Niña emerging later in the year. Argentina faced grain loading delays due to a strike.
Friday ended with CBOT corn and soybeans hitting new contract lows, while wheat prices showed some improvement. The USDA report, anticipated to provide insights into yield and production estimates, could impact market volatility. France revised its soft wheat crop estimate downward, while Russian wheat production forecasts from the well followed analysts went to opposite directions. The USDA also reported additional private sales of soybeans and soybean cake, though prices continued to ease.
Weekly Recaps
Commodities
Agri- Commodities:
11-15/08/25 Agri
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Grain markets experienced another volatile week as political developments, trade disputes, and bearish USDA data drove sentiment. Early in the week, soybeans surged on speculation that Chinese buying might resume following Donald Trump’s extension of tariff pauses, but corn and wheat failed to follow. Export inspections painted a mixed picture, with corn and soybeans performing well while wheat lagged. The USDA’s August WASDE loomed large over the market, with traders bracing for higher yield estimates.
Freight
Freight Recap:
14/08/25
Aug 14, 2025
The dry bulk market presented a mixed performance this week, with the Supramax segment edging higher, Handysize holding steady with minor gains, and Panamax showing a regional split — weaker in the Atlantic, firmer in the Pacific.
Commodities
Agri- Commodities:
04–08/08/25 Agri
Aug 11, 2025
Grain markets swung sharply this week, rebounding midweek before easing, driven by yield outlooks, export data, and geopolitical headlines.
Freight
Freight Recap:
7/08/25
Aug 07, 2025
Port of Callao halted operations after an Evergreen ship lost 50 containers during rough weather. Meanwhile, July's freight data shows the market stuck in a supply-heavy “holding pattern,” with capacity expanding but pricing rising faster — suggesting a slow, uneven recovery in logistics and transportation
