US farm markets were mixed but mostly higher on Wednesday, as traders returned to focusing on South American production trends and weather forecasts in the USA.
Corn prices indeed closed with 0.77% gains.
Soybean tracked 0.47% higher, with soymeal firming by 0.52%, while soyoil stumbled more than 1.6% lower.
Chicago SRW firmed 0.82%, while Kansas City HRW fell 0.55%, and MGEX HRS dropped 0.26%.
In Europe, Euronext posted a new session of decline for all ag commodities.
Oil prices rose more then 2%, on lower-than-expected US inflation data.
The BDI dropped 2.9%, on lower vessel demand.
On Wall Street, US stock indexes dipped on US recession warning.
The DXY fell by -0.7%, under pressure from lower T-note yield.
Notably, Chicago wheat May contract was up 5.4c/bu to 679.4c/bu;
Kansas wheat May contract was down 4.6c/bu to 863.4c/bu;
Minneapolis wheat May contract was down 2.2c/bu to 860c/bu;
MATIF wheat May contract, was down €1.25/t to €251/t;
Black Sea wheat May contract was down $0.75/t to $279.25/t;
ASX wheat May contract, was down A$3.5/t to A$386.5/t;
US DWI Cash (durum wheat index) was up 7.4c/bu to 856.43c/bu;
1CWAD (Canadian durum) avg reg was down C$1.22/t to C$445.82/t;
EDW (EU durum) May contract was unchanged to €426.25/t;
Chicago corn May up 5c/bu to 656c/bu;
MATIF corn Jun, was down €2.5/t to €244.75/t;
Soybeans May contract up 7c/bu to 1504.2c/bu;
Winnipeg canola May was up C$1.7/t to C$771/t;
MATIF rapeseed May contract, was down €11/t to €449.5/t;
Brent crude Jun was up US$1.72 per barrel to $87.33;
WTI crude May was up US$1.73 per barrel to $83.26;
BDI Baltic Dry Index, was down 44 points to 1,463;
Dow Jones was down 38.29 points to 33.646,50;
S&P 500 was down 16.99 points to 4.091,95;
NASDAQ Composite down 102.54 points to 11.929,34;
US dollar index (Jun ’23) was down 0.713 to 101.171;
AUD/USD firmer at US$0.6688;
USD/CAD weaker at $1.3438;
EUR/USD firmer at $1.0989;
USD/RUB firmer at ₽82.2155.
