US farm markets were mixed but mostly lower on Tuesday, after yesterday’s WASDE report didn’t provide much earth-shaking information.
Corn prices, indeed, eased 0.46% lower.
Soybean grabbed double-digit gains, up 0.67%, with soymeal up 1.58%, and soyoil up 0.75%.
Wheat contracts posted losses across all the board, with CBOT SRW 0.66% lower, KC HRW 0.88% weaker, and MGE HRS ending the day down by 1.46%.
In Europe, ag markets were mostly flat, with wheat ending slightly higher, while corn and rapeseed were slightly lower.
Oil prices rose about 2%, with U.S. and China inflation in focus.
The BDI lost 3.4%, snapping a four-session winning streak.
On Wall Street, US stock indexes settled mixed ahead of today’s U.S. inflation news.
The DXY fell by -0.36%.
Notably, Chicago wheat May contract was down 4.4c/bu to 674c/bu;
Kansas wheat May contract was down 7.6c/bu to 868.2c/bu;
Minneapolis wheat May contract was down 12.6c/bu to 862.2c/bu;
MATIF wheat May contract, was up €1/t to €252.25/t;
Black Sea wheat May contract was down $0.25/t to $280/t;
ASX wheat May contract, was unchanged to A$390/t;
US DWI Cash (durum wheat index) was up 1.46c/bu to 849.03c/bu;
1CWAD (Canadian durum) avg reg was down C$0.49/t to C$447.04/t;
EDW (EU durum) May contract was unchanged to €426.25/t;
Chicago corn May down 3c/bu to 651c/bu;
MATIF corn Jun, was down €0.5/t to €247.25/t;
Soybeans May contract up 10c/bu to 1497.2c/bu;
Winnipeg canola May was down C$4.7/t to C$769.3/t;
MATIF rapeseed May contract, was down €1/t to €460.5/t;
Brent crude Jun was up US$1.43 per barrel to $85.61;
WTI crude May was up US$1.79 per barrel to $81.53;
BDI Baltic Dry Index, was down 53 points, to 1,507;
Dow Jones was up 98.27 points to 33.684,79;
S&P 500 was down 0.17 points to 4.108,94;
NASDAQ Composite down 52.48 points to 12.031,88;
US dollar index (Jun ’23) was down 0.365 to 101.884;
AUD/USD firmer at US$0.6650;
USD/CAD weaker at $1.3466;
EUR/USD firmer at $1.0910;
USD/RUB weaker at ₽81.0908.
