US farm markets faced moderate cuts on Tuesday.
Corn prices dropped by 0.61%, while soybean eased by 0.3%.
The rest of the soy complex was also in the red, with soymeal and soyoil each incurring losses of 1.46% and 1.66% respectively.
Wheat prices tried to lead the market out of the bearish sentiment, but ultimately faded into the red, with Chicago SRW ending the session with 0.29% losses, KC HRW was down by 0.31%, MGE HRS closed 0.25% in the red.
In Europe, wheat price edged to a new one-week low, while rapeseed fell 2.4%.
Oil prices were little changed in choppy trading.
The BDI extended gains rising about 4.3%.
On Wall Street, US stock indexes dipped on U.S. job openings news and bank stocks falling.
The DXY fell by -0.51% and posted a 2-month low, on decline in T-note yields.
Notably, Chicago wheat May contract was down 2c/bu to 691.4c/bu;
Kansas wheat May contract was down 2.6c/bu to 872.4c/bu;
Minneapolis wheat May contract was down 2.2c/bu to 889.4c/bu;
MATIF wheat May contract was down €1/t to €255.25/t;
Black Sea wheat May contract was unchanged to $282.5/t;
ASX wheat May contract, was unchanged to A$391/t;
US DWI Cash (durum wheat index) was down 0.76c/bu to 847.57c/bu;
1CWAD (Canadian durum) avg reg was up C$0.21/t to C$449.43/t;
EDW (EU durum) May contract was unchanged to €426.25/t;
Chicago corn May down 4c/bu to 653.6c/bu;
MATIF corn Jun was down €1.5/t to €254/t;
Soybeans May contract down 4.4c/bu to 1517.4c/bu;
Winnipeg canola May, was up C$0.9/t to C$777.3/t;
MATIF rapeseed May, was down €11.75/t to €478.25/t;
Brent crude Jun was up US$0.01 per barrel to $84.94;
WTI crude May was up US$0.29 per barrel to $80.71;
BDI Baltic Dry Index was up 61 points to 1.473;
Dow Jones was down 198.77 points to 33.402,38;
S&P 500 was down 23.91 points to 4.100,60;
NASDAQ Composite down 63.12 points to 12.126,33;
US dollar index (Jun ’23) was down 0.520 to 101.267;
AUD/USD weaker at US$0.6751;
USD/CAD firmer at $1.3439;
EUR/USD firmer at $1.0952;
USD/RUB firmer at ₽79.2993.
