US farm markets saw a new decline on Tuesday.
Corn prices closed 0.73% lower; soybean stumbled 1.36%; meal settled the session with 1.07% losses; bean oil ended down by 1.62%.
Wheat prices were down by double digits at one point, but rallied back about a dime by the close.
In spite that, Chicago SRW dipped 0.74%, Kansas City HRW closed the session 1.77% lower, and MGE HRS fell 0.59%.
In Europe, grain markets eased with wheat at 19-month low as market shrugged off Ukraine risk.
Rapeseeds tumbled on weakness in oils, meanwhile.
Oil prices dropped more than 2% on economic woes and stronger dollar.
The BDI snapped a four-session winning streak, falling 0.5%.
On Wall Street, US stock indexes sank as bank worries persisted.
The DXY rose by +0.51%, recovering from a 1-week low, as weakness in stocks boosted the liquidity demand for the dollar.
Notably, Chicago wheat May contract was down 4.6c/bu to 638.6c/bu;
Kansas wheat May contract was down 14.6c/bu to 818.2c/bu;
Minneapolis wheat May contract was down 5c/bu to 837.6c/bu;
MATIF wheat May contract, was down €2.25/t to €242.75/t;
Black Sea wheat May contract was down $0.25/t to $276/t;
ASX wheat May contract, was unchanged to A$379.8/t;
US DWI Cash (durum wheat index) was up 0.69c/bu to 850.69c/bu;
1CWAD (Canadian durum) avg reg was up C$0.52/t to C$436.14/t;
EDW (EU durum) May contract was down €1.5/t to €367.75/t;
Chicago corn May down 4.6c/bu to 646.4c/bu;
MATIF corn Jun, was down €1.5/t to €238.5/t;
Soybeans May contract down 20c/bu to 1445.2c/bu;
Winnipeg canola May was down C$3/t to C$764.8/t;
MATIF rapeseed May contract, was down €16.75/t to €442.25/t;
Brent crude Jun was down US$1.96 per barrel to $80.77;
WTI crude Jun was down US$1.69 per barrel to $77.07;
BDI Baltic Dry Index, was down 7 points to 1,510;
Dow Jones was down 344.57 points to 33.530,83;
S&P 500 was down 65.41 points to 4.071,63;
NASDAQ Composite down 238.05 points to 11.799,16;
US dollar index (Jun ’23) was up 0.519 to 101.592;
AUD/USD weaker at US$0.6625;
USD/CAD firmer at $1.3627;
EUR/USD weaker at $1.0972;
USD/RUB firmer at ₽81.6877.
