Commentaar over de markt (Chicago) van: 13-aug-2025

CBOT wheat futures ended firm on Wednesday on short-covering after the market fell to five-year lows earlier in the day under pressure from ample global supplies. Russia has harvested nearly 75 million tonnes of grain from almost half of its planted area, the agriculture ministry said. Funds sold 1.000 contracts. Export sales of US wheat are estimated between 400.000 and 850.000 tonnes. Till August 10 the EU exported 1,43 million tonnes of common wheat, versus 3,28 million tonnes by August 11 last year.

CBOT corn futures firmed on Wednesday in a short-covering bounce from contract lows posted a day earlier, although prices remain anchored by expectations for a bin-busting US harvest this autumn. On Tuesday, the USDA projected US corn yields and production at a record high, swelling global supplies following a bumper Brazilian harvest this year. The supply shock sent futures tumbling before the mild rebound on Wednesday. Funds bought 4.500 contracts. Export sales of US corn are estimated within the range 150.000 to 600.000 tonnes. In week ending August 8 the US ethanol production rose by 1,11 percent versus the previous week. Till August 10 the EU imported 986.000 tonnes of corn and exported 1,1 million tonnes of barley, versus resp. 2,91 and 1,15 million tonnes as of August 11, 2024.

ICE canola futures clawed back some of yesterday’s losses, leaving canola only moderately lower than it was before China’s shock news that it was imposing tariffs on Canadian canola seed. Most-traded November canola gained $ 9,50 to settle at $ 659,80 per tonne. Till August 10 the EU imported 312.000 tonnes of rapeseed, versus 469.000 tonnes by August 11 last year.

CBOT soybean futures rose for a third straight session on Wednesday, supported by tighter expected supplies after the USDA cut its harvest outlook a day earlier. The USDA on Tuesday projected the average US soybean yield at a record high this autumn, but sharply cut harvested acres, resulting in a much smaller-than-expected harvest outlook this year. Funds bought 5.000 contracts of soybeans, 3.500 contracts of soymeal and 1.000 contracts of soyoil. Export sales of the US soy complex are estimated as follows: soybeans (200.000-700.000 tonnes), soymeal (50.000- 250.000 tonnes) and soyoil (0-18.000 tonnes). Till August 10 the EU imported 1,3 million tonnes of soybeans and 1,98 million tonnes of soymeal, versus resp. 1,47 and 2,34 million tonnes as of August 11, 2024. Crude oil fell by 52 cents to $ 62,65.