Key Takeaways:
- Wheat, rice, and canola posted the strongest gains among tracked agricultural commodities.
- Coffee and cocoa remained volatile, but the scale of weekly losses was milder than in the previous period.
- Potatoes held flat but continue to reflect a steep year-over-year drop.
- Corn and soybeans declined for the week despite generally strong demand fundamentals.
- Cotton showed marginal movement while sugar remained largely unchanged.
📈 Summary Table: Weekly Commodity Performance
(Based on latest available data as of June 2, 2025 from Trading Economics)
| Commodity | Price | Weekly Change | Direction |
|---|---|---|---|
| Wheat | USD 537.31 / Bu | +0.62% | ↑ Gain |
| Soybeans | USD 1036.22 / Bu | -2.50% | ↓ Decline |
| Corn | USD 443.60 / Bu | -3.36% | ↓ Decline |
| Cotton | USD 65.49 / Lbs | -0.85% | ↓ Decline |
| Potatoes | EUR 9.60 / 100KG | 0.00% | → Stable |
| Oat | USD 377.56 / Bu | +6.58% | ↑ Strong Gain |
| Coffee | USD 342.23 / Lbs | -4.89% | ↓ Decline |
| Canola | CAD 716.23 / T | +0.77% | ↑ Gain |
| Rapeseed | EUR 474.52 / T | +0.49% | ↑ Gain |
| Cocoa | USD 9757.90 / T | -1.09% | ↓ Decline |
| Tea | INR 189.93 / Kg | -0.37% | ↓ Decline |
| Sugar | USD 17.09 / Lbs | -0.10% | ↓ Slight Drop |
Factors Driving Agricultural Commodities Movements
Impact of Tariffs and Trade Dynamics
Tariffs imposed by the United States and retaliatory measures from trading partners continued to reshape export flows, especially impacting soybeans, corn, and sorghum. Higher tariffs on agricultural inputs are adding cost pressures, further challenging profitability for U.S. farmers.
Weather and Growing Season Developments
Positive weather developments in the United States and Brazil supported favorable planting and crop growth conditions, placing additional pressure on grain prices. However, risks of droughts or late frost events still represent potential upside risk for prices in the coming months.
USDA Report Insights
The USDA’s latest WASDE reports indicated:
- Stronger U.S. corn export demand and reduced ending stocks.
- Higher wheat ending stocks, indicating softer market fundamentals.
- A slight adjustment for soybeans as global buyers increasingly turn to South American producers.
Outlook for Agricultural Commodities
Agricultural commodities markets are expected to remain volatile over the next several weeks, influenced by ongoing trade policy developments, global weather patterns, and updated supply and demand forecasts. Grains are facing short-term bearish pressures, while soft commodities, particularly coffee and cocoa, may find support from constrained supply conditions.
As planting progresses and new USDA projections emerge, market participants are likely to adjust their expectations for key agricultural commodities accordingly.
