Weekly Commodity Snapshot

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

picture of corn field

Report highlights

- The S&P GSCI Agriculture Index rose 3% last week, as robust export demand and positive Covid-19 vaccine results help lift commodity markets.

- The magic beanstalk continues to rise. CBOT Soybeans broke six-year highs to reach USD 11.70/bu, as rationing risks from US soy stocks, at 190m bu, and seven-year lows drive nervous consumer coverage.

- CBOT Wheat was mostly unchanged WOW despite testing support levels at USc 600/bu and USc 590/bu, as weather remains mixed.

- Arabica prices rose 8.3% WOW as Hurricane Iota slammed into Central America yesterday, bringing with it ferocious wind and rains. US green coffee stocks fell 265,000 bags MOM and 14.5% YOY, to 6.14m bags, in October.

  • 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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