US farm markets continued their selloff, with grain prices suffering earnest cuts.
Corn prices, indeed, were down 1.26%.
Soybeans drifted 0.6% lower.
The rest of the soy complex also faced significant reductions, with soymeal down 0.68%, while soyoil lost 1.07%.
Wheat losses were much steeper, as Chicago SRW fell 2.05%, Kansas City HRW lost 2.49%, and MGEX HRS dropped 1.3%.
In Europe, grain and oilseed prices fell again, while the season is approaching to the end, and the strengthen of the euro vs dollar is pressuring EU export activity.
Oil prices fell more then 2%, on recession fears and a rise in U.S. gasoline inventories.
The BDI posted its biggest single-day gain since mid-March, up 4.4%.
On Wall Street, US stock indexes retreated on weakness in tech and soft economic reports.
The DXY fell by -0.1% on weakness in the U.S. labor market, weaker-than-expected existing home sales, and a fall in Mar leading indicators.
Notably, #Chicago wheat May contract was down 14c/bu to 667.6c/bu;
#Kansas wheat May contract was down 21.4c/bu to 840.2c/bu;
#Minneapolis wheat May contract was down 11.2c/bu to 855.6c/bu;
#MATIF #wheat May contract, was down €4.25/t to €249.75/t;
#BlackSea wheat May contract was down $0.25/t to $278.75/t;
#ASX wheat May contract, was down A$0.7/t to A$382.3/t;
US DWI Cash (#durumwheat index) was up 0.7c/bu to 851.39c/bu;
1CWAD (Canadian durum) avg reg was down C$0.62/t to C$435.74/t;
EDW (EU #durum) May contract was unchanged to €374.75/t;
Chicago #corn May down 8.4c/bu to 663.6c/bu;
MATIF corn Jun, was down €1.75/t to €243.5/t;
#Soybeans May contract down 9c/bu to 1497.4c/bu;
#Winnipeg #canola May was down C$14.7/t to C$757.8/t;
MATIF #rapeseed May contract, was down €12.5/t to €456.75/t;
#Brent crude Jun was down US$2.02 per barrel to $81.10;
#WTI crude Jun was down US$1.87 per barrel to $77.37;
#BDI Baltic Dry Index, was up 60 points to 1,432;
Dow Jones was down 110.39 points to 33.786,62;
S&P 500 was down 24.73 points to 4.129,79;
NASDAQ Composite down 97.67 points to 12.059,56;
US dollar index (Jun ’23) was down 0.102 to 101.566;
AUD/USD firmer at US$0.6740;
USD/CAD firmer at $1.3474;
EUR/USD firmer at $1.0967;
USD/RUB firmer at ₽81.7865.
