US farm markets closed higher on Monday, on logistical hang-ups in Argentina and geopolitical concerns coming from eastern Europe.
Corn prices were up 1.54%.
Soybean prices edged up 1.1%.
The rest of the soy complex was also firm, with soymeal trending 1.31% higher, and soyoil going home with 1.7% gains.
Wheat prices also jumped, with Chicago SRW rising 2.05%, Kansas City HRW adding 1.25%, and MGEX HRS gaining 1.46%.
In Europe, prices rebounded sharply, as geopolitics returned to the forefront.
Oil prices dropped about 2% on higher dollar, and interest rate concerns.
The BDI fell by 1.6%.
On Wall Street, US stock indexes drifted higher, kicking off the first full week of earnings reporting season.
The DXY rose by +0.54%, as higher T-note yields gave the dollar a boost.
Notably, Chicago wheat May contract was up 14c/bu to 696.4c/bu;
Kansas wheat May contract was up 11c/bu to 889.6c/bu;
Minneapolis wheat May contract was up 12.6c/bu to 889c/bu;
MATIF wheat May contract, was up €6/t to €256/t;
Black Sea wheat May contract was up $0.25/t to $279.75/t;
ASX wheat May contract, was down A$1.5/t to A$383/t;
US DWI Cash (durum wheat index) was down 0.6c/bu to 853.57c/bu;
1CWAD (Canadian durum) avg reg was down C$1.37/t to C$437.88/t;
EDW (EU durum) May contract was down €0.75/t to €371.75/t;
Chicago corn May up 10.2c/bu to 676.4c/bu;
MATIF corn Jun, was up €3/t to €244.75/t;
Soybeans May contract up 16.4c/bu to 1517c/bu;
Winnipeg canola May was up C$10.6/t to C$773.7/t;
MATIF rapeseed May contract, was up €21.25/t to €460.5/t;
Brent crude Jun was down US$1.55 per barrel to $84.76;
WTI crude May was down US$1.69 per barrel to $80.83;
BDI Baltic Dry Index, was down 23 points to 1,412;
Dow Jones was up 100.71 points to 33.987,18;
S&P 500 was up 13.68 points to 4.151,32;
NASDAQ Composite up 34.26 points to 12.157,72;
US dollar index (Jun ’23) was up 0.551 to 101.796;
AUD/USD weaker at US$0.6700;
USD/CAD firmer at $1.3392;
EUR/USD weaker at $1.0926;
USD/RUB weaker at ₽81.8935.
