Daily Market Wire – June 20, 2023

US farm markets were shut for Juneteenth holiday, on Monday.

In Europe, wheat rose about 1% on dry weather concerns in the USA, and the return of Algeria import tender, while corn market gained more than 2% despite a relative quiet session.

Rapeseed ended 0.9% lower, retreating from Friday’s two-month peak.

The Baltic Exchange’s main sea freight index in London fell about 1% on lower capesize rates.

Notably, MATIF wheat Sep contract, was up €2.25/t to €241/t;

ASX wheat Jul contract, up A$1/t to A$385/t;

1CWAD (Canadian durum wheat) avg reg was up C$0.08/t to C$391.26/t;

EDW (EU durum) Sep contract, was unchanged to €362.75/t;

MATIF corn Aug was up €5/t to €242.25/t;

Winnipeg canola Jul was up C$12.30/t to C$745.60/t;

MATIF rapeseed Aug contract, was down €4.25/t to €469.25/t;

BDI Baltic Dry Index was down 11 points to 1.065;

AUD/USD weaker at US$0.6850;

USD/CAD firmer at $1.3208;

EUR/USD weaker at $1.0921;

USD/RUB weaker at ₽83.8421.