Weekly Commodity Snapshot

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.

Where to go from here

• ACMR Monthly August 2019: CBOT Weather Premium Popped!
• USDA WASDE: Awaiting Reduction in Corn Production
• Agri Commodity Markets Sector Team
• Home