Commentaar over de markt (Chicago) van: 26-mrt-2025

CBOT wheat futures fell on Wednesday as increased security was expected for Black Sea shipping because of agreements with Ukraine and Russia. The United States reached deals on Tuesday with Ukraine and Russia to pause attacks at sea and against energy targets. However, wheat futures received some support as Russia said that a number of conditions must be met before a Black Sea security deal with Ukraine can be activated. Rains in southern Russia over the next 6-10 days are expected to ease wheat stress, according to Commodity Weather Group. Funds sold 2.000 contracts. Export sales of US wheat are estimated between zero and 550.000 tonnes.

CBOT corn futures fell on Wednesday as traders awaited planting intentions data due from the USDA on Monday, which is expected to show farmers planting more corn in 2025. Analysts polled by Reuters on Tuesday estimated on average that the USDA will show farmers planning to plant 94,361 million acres of corn this year, up from 90,594 million acres in 2024, according to the agency. Seasonal showers in the US Midwest and northern Delta are expected to favor corn growth over the next 31-60 days, according to Maxar. Funds sold 10.500 contracts. Export sales of US corn are estimated within the range 600.000 tonnes to 1,6 million tonnes. In week ending March 21 the US ethanol production fell by 4,71 percent versus the previous week. South Africa’s 2025 corn production is estimated at 14,56 million tonnes, versus 12,85 million tonnes last year.

ICE canola futures rose in lockstep with other vegoils on Wednesday, at the high end of a recent range. Most-traded May canola gained $ 10,70 to settle at $ 588,90 per tonne.

CBOT soybean futures traded near flat on Wednesday as a USDA report was expected to show farmers planning to decrease the number of soybean acres they plant in 2025. The USDA’s planting intentions report is expected to show US farmers planning to plant 83,762 million acres of soybeans this year, down from 87,050 million acres planted in 2024, according to a Reuters poll of analysts. Funds sold 1.000 contracts of soybeans and 2.000 contracts of soymeal, but bought 3.000 contracts of soyoil. Export sales of the US soy complex are estimated as follows: soybeans (300.000-900.000 tonnes), soymeal (150.000-450.000 tonnes) and soyoil (5.000-30.000 tonnes). Crude oil rose by 65 cents to $ 69,65.