Daily Market Wire – February 20, 2023

US farm markets were lightly mixed on Friday.

Grain prices were slightly up in Europe, while rapeseed marked a clear rebound.

Brent crude settled down 2.5%, falling 3.9% week on week.

WTI U.S. crude settled down 2.7%, falling 4.2% from Friday to Friday.

The BDI edged higher 1.5% on Friday, but declined for the seventh straight week, down 10.6% for the week.

Wall Street closed another bumpy week with a mixed performance, as the S&P 500 declined 0.28% on Friday, the Nasdaq fell 0.58%, while Dow Jones Industrial Average rose 0.39%.

The dollar index was down 0.24% at 103.83.

Notably, Chicago wheat Mar contract was up US0.4 cents to 765.4c/bu;

Kansas wheat Mar contract was up 8c/bu to 906.4c/bu;

Minneapolis wheat Mar contract was unchanged to 930.2c/bu;

MATIF wheat Mar contract was up €1.25/t to €295/t;

Black Sea wheat Mar contract was down $0.5/t to $303.25/t;

ASX wheat March contract, was unchanged to A$394/t;

US DWI Cash (durum wheat index) was up 10.69c/bu to 897.73c/bu;

1CWAD (Canadian durum) avg reg was up C$2.45/t to C$455.56/t;

EDW (EU durum) March contract was unchanged to €420.75/t;

Chicago corn Mar contract up 1.6c/bu to 677.6c/bu;

MATIF corn Mar contract was up €1/t to €295/t;

Soybeans Mar contract up 0.6c/bu to 1527.2c/bu;

Winnipeg canola Mar contract, was up C$4.9/t to C$828.4/t;

MATIF rapeseed May contract was up €11.25/t to €564.5/t;

Brent crude Apr was down US$2.14 per barrel to $83.00;

WTI crude Mar was down US$2.19 per barrel to $76.55;

BDI Baltic Dry Index was up 8 points to 538;

Dow Jones was up 129.84 points to 33.826,69;

S&P 500 was down 11.32 points to 4.079,09;

NASDAQ Composite down 68.56 points to 11.787,27;

US dollar index (Mar ’23) was down 0.011 to 103.780;

AUD/USD firmer at US$0.6879;

USD/CAD firmer at $1.3470;

EUR/USD firmer at $1.0694;

USD/RUB weaker at ₽73.0000.

Today, February 20, US markets are closed in observance of the Federal President’s Day holiday.