Agri- Commodities: 23-27/09/24
Sep 30, 2024
Grain markets began the week with a strong rally, as prices jumped by 2% to 3%, driven by multiple factors. A dry weather forecast for Brazil, coupled with potential Chinese economic stimulus measures, fueled this upward momentum. Adding to the bullish sentiment, the Institute for Agricultural Market Studies (IKAR) reduced its forecast for Russia's wheat production to 81.8 million metric tons (mmt). In the U.S., export inspections for both corn and wheat exceeded expectations, further boosting prices.
On Tuesday, the rally lost steam, with corn and wheat prices retreating by the end of the session. Soybeans, which had initially gained, also closed lower as concerns about Brazilian weather persisted.
The market was further impacted by a strike at Metro Vancouver grain terminals, which disrupted the flow of 100,000 tons of grain daily, raising alarms about Canadian export disruptions. Additionally, former U.S. President Donald Trump's comments about renegotiating trade deals with China added a new layer of uncertainty to the markets.
Wednesday brought a recovery, particularly in soybeans, which remained volatile due to weather concerns. Wheat prices also rose on reports of slow planting progress in Russia, exacerbated by geopolitical tensions as Russia escalated nuclear rhetoric.
Traders began positioning ahead of the USDA’s quarterly stocks and small grains report, which heightened market nervousness as potential revisions in corn and soybean stocks could significantly impact future supply-demand balances.
Thursday saw choppy trading, with MATIF wheat closing positively. In Australia, frost damaged over 1.2 million hectares of wheat, threatening output reductions. On the geopolitical front, Russia's plans to expand Baltic Sea export routes highlighted logistical challenges from the Ukraine conflict. U.S. export sales showed strong soybean demand but disappointing corn and wheat figures.
Soybean prices finished the week strongly, driven by weather concerns and pre-USDA report positioning. However, wheat prices weakened, and funds cut their net shorts in soybeans to their lowest level in four months. Traders now await USDA data for clarity on future market direction.
Weekly Recaps
Commodities
Agri- Commodities:
11-15/08/25 Agri
Aug 18, 2025
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
