Agricultural Commodities Weekly Overview (July 21 – 28, 2025)

Key Takeaways:

• Cocoa led weekly gains in agricultural commodities with a +2.23% rise to USD 8,337.77/tonne, rebounding after recent losses.
• Coffee declined -1.99%, reversing last week’s +5.20% surge as short-term supply pressures eased.
• Grains weakened across the board: soybeans (-2.19%), corn (-1.78%), and wheat (-1.37%) all posted losses after prior week gains.
• Potatoes recovered slightly with a +0.94% uptick, following a sharp -5.36% decline the week before.
• Canola (+0.67%) and rapeseed (+0.53%) extended their uptrend, though at a slower pace than the previous week’s +2%+ gains.
• Several soft commodities, including tea and sugar, remained under pressure, while oats and cotton saw slight gains.

📈 Summary Table: Weekly Agricultural Commodity Performance

(Based on latest available data as of July 28, 2025 from Trading Economics)

Weekly Agricultural Commodities Market Overview

Developments from July 21 – July 28, 2025

Agricultural commodities experienced broad-based cooling during the last full week of July, with grains retreating and recent leaders such as coffee reversing course. Market activity was shaped by favorable weather patterns in the U.S., technical corrections, and tempered demand signals, especially in the oilseed and soft commodity markets.

Read the latest WASDE report here.

Grains Decline After Brief Recovery

Grain markets saw a pullback following a stronger showing in the previous week:

• Soybeans fell -2.19% to USD 992.77/bushel, after rising +1.87% the week prior, as weather concerns eased slightly in the Midwest.
• Corn dropped -1.78% to USD 396.58/bushel, reversing its previous +1.89% gain. Improved crop forecasts weighed on pricing.
• Wheat declined -1.37% to USD 535.04/bushel, down from last week’s +0.81% gain, amid more stable export dynamics and favorable harvesting conditions.

Soft Commodities Mixed: Cocoa Rallies, Coffee Retreats

• Cocoa rebounded with a +2.23% rise to USD 8,337.77/tonne, recovering from last week’s -4.61% drop. Sentiment improved as West African weather stabilized but supply tightness remained in focus.
• Coffee fell -1.99% to USD 297.55/lbs, giving back part of its +5.20% rally the week before. Market participants cited easing supply concerns in Brazil and Colombia.
• Tea continued its decline, falling -2.09% to INR 201.65/kg, identical to the previous week’s percentage loss.

Oilseeds: Momentum Slows but Trend Holds

• Canola edged up +0.67% to CAD 699.05/tonne, following a +2.23% gain in the previous week. Export demand remains steady but without new bullish triggers.
• Rapeseed increased +0.53% to EUR 475.50/tonne, slightly down from last week’s +2.16% rise. Traders are watching developments in European biodiesel policy.

Other Agricultural Commodities: Small Shifts Reflect Stable Conditions

• Cotton posted a mild gain of +0.89% to USD 67.09/lbs, following a similar +1.11% move the prior week. U.S. crop outlook remains supportive.
• Oats rose +1.21% to USD 363.36/bushel, offsetting last week’s -1.08% decline, as lower planting estimates created short-term upside.
• Potatoes rebounded +0.94% to EUR 10.70/100KG, after last week’s steep -5.36% drop in European markets.
• Sugar dipped -0.54% to USD 16.28/lbs, softening after the previous +3.19% gain, as supply expectations in Brazil were reassessed.

Comparative Summary of Agricultural Commodities: This Week vs. Last Week