Weekly Commodity Snapshot

Our overview for wheat, corn, soybeans, sugar, & coffee prices, published weekly.

picture of corn field

Report highlights

The S&P GSCI Agriculture Index rose 0.25% last week. Despite overall market weakness in light of the probable default by Evergrande, ags were mixed overall, but appeared to take the volatility in their stride.

CBOT Wheat prices rose 1.4% last week, seeing good support above  USc 700/bu, led by good demand from importers. US export sales for 2021/22 picked up to 617,000 metric tons. 

CBOT Corn saw a brief breakout attempt above USD 5.25/bu, but failed last week as US harvest progressed and concerns mounted around the key US export window. 

CBOT Soybeans continued to lose traction below USD 13.00/bu, as the market’s attention shifted from supply to demand and revealed woefully inadequate US 2021/22 export sales and crush pace.