Weekly Commodity Snapshot
Our overview for wheat, corn, soybean, sugar, & coffee prices, published weekly.
Download the full report
- The S&P GSCI Agriculture Index rose 1.1% last week, as the bulls continue to feast on ags. The week before, Non-Commercials extended their net long position to a record for the second consecutive week beyond 1,000,000 lots across ags ahead of today’s myriad of US agriculture reports.
- CBOT Corn’s upward trajectory showed signs of stalling this week, amid political resolutions and improved rainfall forecasts across South America.
- The Soybean complex’s ride to the sky has not stopped, with CBOT soy (+5.2%), Soy Oil (+0.5%) and Soymeal (+6%) propped up on scarcity concerns.
- ICE #11 Raw Sugar remained neutral WOW, despite the depreciation in the BRL/USD to 5.5 – a level not seen since November.