US farm markets suffered another setback on Wednesday.
Corn prices dropped 0.77%.
Soybean fell 0.64%.
The rest of the soy complex was mixed, with soymeal stumbling 2.02% lower, while soyoil added 0.72%.
Wheat prices tumbled, with Chicago SRW dropping 1.8%, Kansas City HRW falling 3.02%, and MGE HRS sinking by 3.55%.
In Europe, grain prices rose slightly, but the second month ended unchanged, as traders assessed signs of renewed export demand and awaited clarity over the Black Sea grain agreement.
Meanwhile, rapeseed rebounded after sinking about 5% in the previus session.
Oil prices dropped nearly 4% as recession fears outweighed US inventory draw.
The BDI rose 1.7%.
On Wall Street, US stock indexes settled mixed, with the S&P 500 and Dow Jones falling to 3-1/2 week lows, after First Republic Bank sank more than -29%, while tech-stock strength partially outweighed banking concerns, keeping the Nasdaq in positive territory.
The DXY fell by -0.38%, dropping to a 1-1/2 week low on U.S. banking turmoil, and weaker-than-expected U.S. Mar capital goods new orders.
Notably, Chicago wheat May contract was down 11.4c/bu to 627.2c/bu;
Kansas wheat May contract was down 24.6c/bu to 793.4c/bu;
Minneapolis wheat May contract was down 29.6c/bu to 808c/bu;
MATIF wheat May contract, was up €0.75/t to €243.5/t;
Black Sea wheat May contract was down $0.25/t to $275.75/t;
ASX wheat May contract, was down A$9.8/t to A$370/t;
US DWI Cash (durum wheat index) was down 3.88c/bu to 846.81c/bu;
1CWAD (Canadian durum) avg reg was up C$0.03/t to C$436.17/t;
EDW (EU durum) May contract was unchanged to €367.75/t;
Chicago corn May down 5c/bu to 641.4c/bu;
MATIF corn Jun, was up €0.5/t to €239/t;
Soybeans May contract down 9.2c/bu to 1436c/bu;
Winnipeg canola May was down C$9.8/t to C$755/t;
MATIF rapeseed May contract, was up €15/t to €457.25/t;
Brent crude Jun was down US$3.08 per barrel to $77.69;
WTI crude Jun was down US$2.77 per barrel to $74.30;
BDI Baltic Dry Index, was up 26 points to 1,536;
Dow Jones was down 228.96 points to 33.301,87;
S&P 500 was down 15.64 points to 4.055,99;
NASDAQ Composite up 55.19 points to 11.854,35;
US dollar index (Jun ’23) was down 0.387 to 101.205;
AUD/USD weaker at US$0.6598;
USD/CAD firmer at $1.3635;
EUR/USD firmer at $1.1040;
USD/RUB firmer at ₽82.1246.
