Commentaar over de markt (Chicago) van: 27-mrt-2025

CBOT’s nearby wheat futures contracts slumped to new lows on Thursday, under pressure from forecasts of rain in the US and Russian wheat belt and an apparent agreement to implement a ceasefire in the Black Sea. Traders said grain markets were looking ahead to Monday’s US planting and stocks data from the USDA, as well as seeking greater clarity on broad tariffs promised by US president Donald Trump from April 2. Funds sold 3.500 contracts. Weekly export sales of US wheat at 100.300 tonnes were towards the low end of a range of trade expectations for zero to 550.000 tonnes.

CBOT corn futures turned lower on Thursday, at one point dropping to the lowest prices seen in more than three weeks, on expectations of increased planting by US farmers this year. Some funds liquidated their positions ahead of Monday’s US planting and stocks data from the Department of Agriculture. Funds sold 4.000 contracts. Weekly export sales of US corn were, with 1,04 million tonnes, in line with trade forecasts that ranged from 600.000 tonnes to 1,6 million tonnes.

ICE canola futures followed soyoil’s surge Thursday, but only by about half as much. Early Thursday Reuters reported that the Trump administration has asked biofuels and fossil fuels producers to come up with a joint approach to biofuels policy. The administration wants to avoid the clashes that marked the issue in Trump’s first term, in which Farm State interests clashed with Big Oil over the amount and type of federal support biofuels should receive, Reuters reported. Most-traded May canola gained $ 10,50 to settle at $ 599,40 per tonne.

CBOT soybean futures turned higher on Thursday as the US dollar weakened and traders positioned ahead of Monday’s US planting and stocks data from the USDA. A Reuters News report that the Trump administration has asked oil and biofuels producers to hash out a deal on the next phase of the nation’s biofuels policy also bolstered the soyoil market and offered support to soybean futures. Funds bought 2.000 contracts of soybeans, 500 contracts of soymeal and 4.500 contracts of soyoil. Weekly export sales of US soybeans at 338.500 tonnes were near the low end of trade expectations for 300.000 to 900.000 tonnes. Brazilian farmers are expected to reap a record 172,1 million tonnes of soybeans in the 2024/25 season, Agroconsult forecast on Thursday after a nationwide crop tour of 13 states that began in January. Crude oil rose by 27 cents to $ 69,92.