Key Takeaways
- Agricultural commodities showed mixed performance in the final week of October, with grains extending moderate gains and soft commodities turning weaker.
- Soybeans (+3.82%), wheat (+2.49%), and corn (+0.91%) led grain market advances amid strong export demand.
- Cocoa (-0.66%) and palm oil (-4.94%) retreated after recent rallies, while tea (+2.40%) and coffee (+0.76%) held firm.
- Industrial-linked commodities such as lumber (-8.57%) and butter (-7.36%) posted notable weekly losses.
- Rubber (+0.58%) and canola (+0.68%) registered modest improvements, signaling gradual market stabilization.
Agricultural Commodities: Grains Lead Gains Amid Strong Export Activity
The agricultural commodities market saw continued firmness through the week ending October 31, 2025, driven by steady grain demand and renewed export flows.
- Soybeans rose +3.82% to 1,107.03 US¢/bu, supported by robust U.S. export commitments and firm crush margins.
- Wheat gained +2.49% to 539.11 US¢/bu, underpinned by tighter global supply forecasts.
- Corn climbed +0.91% to 432.39 US¢/bu, marking three consecutive weeks of incremental recovery.
- Oats slipped -0.74%, while rice edged lower by -0.19%, continuing its downward trajectory (-26.81% YTD).
Oilseed markets displayed a regionally mixed tone:
- Canola increased +0.68%, rapeseed rose +2.40%, and sunflower oil dipped -1.29%.
- Palm oil, however, declined -4.94% to MYR 4,156/T, reflecting weak biodiesel demand and subdued import activity in key Asian markets.
Soft Agricultural Commodities: Cocoa Eases, Tea and Coffee Stay Firm
Soft agricultural commodities were characterized by divergence across major segments:
- Cocoa fell -0.66% to USD 6,141/T, pausing after last week’s sharp rebound.
- Coffee added +0.76%, supported by resilient consumer demand and supply constraints in Latin America.
- Tea climbed +2.40%, sustained by strong regional consumption in India and East Africa.
- Cotton gained +1.69%, while sugar dropped -0.27% amid global production surpluses.
- Orange juice declined -10.79%, continuing a volatile trend with prices still -65.26% YTD.
Industrial and Dairy Agricultural Commodities: Downward Pressure Persists
Industrial and dairy-linked agricultural commodities continued to face headwinds:
- Lumber tumbled -8.57%, reflecting weakening construction demand.
- Butter dropped -7.36%, while milk (+0.12%) and cheese (+0.06%) showed marginal changes.
- Rubber improved +0.58%, signaling cautious optimism amid stable automotive demand.
- Wool declined -0.98% but remains up +22.44% YTD, highlighting sustained textile sector strength.
- Potatoes held steady week-on-week yet remained significantly lower year-to-date (-74.32%).
Comparative Weekly Agricultural Commodities Performance Snapshot
| Commodity | Weekly Change | Trend |
|---|---|---|
| Soybeans | +3.82% | ↑ Continued recovery |
| Wheat | +2.49% | ↑ Supported by exports |
| Corn | +0.91% | ↑ Moderate gains |
| Canola | +0.68% | → Steady improvement |
| Palm Oil | -4.94% | ↓ Weaker biodiesel demand |
| Cocoa | -0.66% | → Consolidation |
| Coffee | +0.76% | ↑ Resilient demand |
| Tea | +2.40% | ↑ Seasonal strength |
| Orange Juice | -10.79% | ↓ Renewed volatility |
| Sugar | -0.27% | ↓ Continued softness |
| Lumber | -8.57% | ↓ Construction slowdown |
| Rubber | +0.58% | → Gradual stabilization |
| Wool | -0.98% | → Holding long-term gains |
Market Summary: Commodities Transition Into November With Mixed Signals
Global agricultural commodities markets closed October on a mixed note. Grains and select oilseeds provided a foundation of stability, while soft and industrial commodities reflected uneven demand patterns.
Soybeans and wheat benefited from strong export data, helping offset declines in palm oil and orange juice. Meanwhile, cocoa’s brief pullback signaled short-term consolidation following sharp prior gains. Dairy and lumber prices remained under pressure, influenced by lower consumer and industrial demand.
As November begins, traders are watching global weather conditions, harvest data, and trade policy updates, all of which will play a critical role in shaping short-term momentum across agricultural markets.
Data Source: Trading Economics, week ending October 13, 2025
Compiled by: iGrow News Market Dashboard
WASDE Data
