Daily Market Wire – April 11, 2023

US farm markets closed mixed but mostly higher after the long Easter weekend.

Corn prices snagged double-digit gains, up 1.63%.

The soybean complex faced moderate cuts, with soybean down 0.35%, soymeal 0.79% weaker and soyoil posting fractional losses by the close.

Wheat prices were firmer, with Chicago SRW up 0.44%, Kansas City HRW up 1.33%, and Minneapolis HRS up 0.34%.

In Europe, markets were closed yesterday in observance of Easter Monday holiday.

Oil prices settled lower.

The BDI not quoted.

On Wall Street, US stock indexes recovered from early losses and settled mixed.

The DXY rose +0.51%.

Notably, Chicago wheat May contract was up 3c/bu to 678.4c/bu;

Kansas wheat May contract was up 11.4c/bu to 876c/bu;

Minneapolis wheat May contract was up 3c/bu to 875c/bu;

MATIF wheat May contract, the market was closed;

Black Sea wheat May contract was down $0.25/t to $280.25/t;

ASX wheat May contract, the market was closed;

US DWI Cash (durum wheat index) was down 0.76c/bu to 847.57c/bu;

1CWAD (Canadian durum) avg reg was up C$0.23/t to C$447.53/t;

EDW (EU durum) May contract, the market was closed;

Chicago corn May up 10.4c/bu to 654c/bu;

MATIF corn Jun, the market was closed;

Soybeans May contract down 5.2c/bu to 1487.2c/bu;

Winnipeg canola May, was up C$2.6/t to C$774/t;

MATIF rapeseed May contract, the market was closed;

Brent crude Jun was down US$0.94 per barrel to $84.18;

WTI crude May was down US$0.96 per barrel to $79.74;

BDI Baltic Dry Index, the market was closed;

Dow Jones was up 101.23 points to 33.586,52;

S&P 500 was up 4.09 points to 4.109,11;

NASDAQ Composite down 3.6 points to 12.084,36;

US dollar index (Jun ’23) was up 0.519 to 102.249;

AUD/USD weaker at US$0.6637;

USD/CAD firmer at $1.3506;

EUR/USD weaker at $1.0859;

USD/RUB firmer at ₽81.6300.