By Giulia Petroni
A roundup of key agricultural commodity markets for the week Oct. 6-10 by Dow Jones Newswires in Barcelona.
GRAINS & OILSEEDS: The supply-demand picture for grains looks bearish amid larger corn stocks, China's 23% tariff on U.S. soybeans and an accelerating harvest pace. However, broader market dynamics are turning more supportive, with bullish seasonal trends and growing expectations for further monetary easing in the U.S.
"U.S. farmers are making solid harvest progress," analysts at Peak Trading Research say. "This is the most seasonally bullish window of the entire year for agriculture futures."
Harvest activity is advancing rapidly, with corn roughly 30% complete and soybeans around 45%. Farmers are prioritizing soybeans, which dry naturally faster than corn, and can harvest as much as 20% of the soybean crop in a single week under favorable weather conditions, according to the firm.
Meanwhile, investors continue to anticipate that the Federal Reserve will cut interest rates again at the end of October and in December, a move that would likely support risk assets and continue weighing on the U.S. dollar.
The USDA's WASDE report has been delayed due to the U.S. government shutdown, adding uncertainty to the market. The release of the CFTC's Commitments of Traders data is also postponed until government operations resume.
Chicago wheat futures fall 0.2% to $5.14 a bushel on Monday, while corn is down 0.4% to $4.18 a bushel. Soybean prices fall 0.2% to $10.16 a bushel.
SOFT COMMODITIES: Cocoa futures rise 1.9% to $6,309 a metric ton on Monday, though they remain down more than 45% year-to-date, with the market closely monitoring weather conditions in key growing regions as the new season begins. Coffee instead drops 2.3% to $3.82 a pound after rising sharply last week on dry weather concerns in Brazil and Vietnam. Sugar rises 1.5% to 17 cents a pound.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 06, 2025 11:54 ET (15:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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