Weekly Commodity Snapshot

Our overview for wheat, corn, soybean, sugar, and coffee prices, published weekly.

picture of corn field

Report highlights

- The S&P GS Ag Index fell 0.5% last week, as weather issues are offset by weak demand ahead of this week’s WASDE report. The week before, Non-Commercials bought 181,467 net lots across agri commodities, reducing their net short position to -474,627 lots.

- CBOT Corn remains unchanged despite cold & blizzard conditions moving into north-western states. This will continue to slow harvest progress for corn and soybeans.

- ICE Arabica is down -3.5% WOW. The weather in Brazil has continued to get better, with very decent volumes of rainfall across all major arabica coffee areas, with a possible exception for Zona de Mata due to limited data.

- Lean hogs have seen a ~11% price decline, in part due to pessimistic expectations from the upcoming trade talks.

  • Stefan Vogel

    Global Strategist - Grains & Oilseeds; Head of Agri Commodity Markets
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  • Michael Magdovitz

    Commodity Analyst
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  • Carlos Mera

    Senior Analyst - Agri Commodity Markets
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  • Andrew Rawlings

    Associate Analyst - Agri Commodities
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Contact

RaboResearch Food & Agribusiness

PO Box 17100 (UC 053) 3500 HG Utrecht, The Netherlands