US farm markets suffered some blowback on Wednesday.
Corn prices stumble nearly 1% lower, and soybean prices spilled 0.6% lower.
Soymeal also suffered a moderate setback, down more then 1% lower, while soy oil picked up fractional gains.
Wheat prices collapsed, with KC HRW leading the way, down 3.12%.
European markets also fell, with wheat prices sharply lower, down by 2.1%, and corn followed suit, down 0.6%.
Rapeseed also gave up some ground, returning to trade below €560/t.
Both crude benchmarks dropped 3%.
The BDI jumped 13.5% to over 3-week high, on higher vessel rates.
US stocks were little changed as hawkish FOMC minutes were largely as expected.
The dollar index moved moderately higher, up 0.39%.
Notably, Chicago wheat Mar contract was down US14 cents to 736.4c/bu;
Kansas wheat Mar contract was down 28.2c/bu to 876c/bu;
Minneapolis wheat Mar contract was down 10.2c/bu to 914.2c/bu;
MATIF wheat Mar contract was down €6/t to €281/t;
Black Sea wheat Mar contract was down $1.5/t to $300.5/t;
ASX wheat March contract, was unchanged to A$394/t;
US DWI Cash (durum wheat index) was unchanged to 895.71c/bu;
1CWAD (Canadian durum) avg reg was up C$4.03/t to C$459.92/t;
EDW (EU durum) March contract was up €2.5/t to €427.5/t;
Chicago corn Mar contract down 6.4c/bu to 674c/bu;
MATIF corn Mar contract was down €1.75/t to €291.75/t;
Soybeans Mar contract down 9.2c/bu to 1539.4c/bu;
Winnipeg canola Mar contract, was up C$0.6/t to C$839.1/t;
MATIF rapeseed May contract was down €2.75/t to €558/t;
Brent crude Apr was down US$2.45 per barrel to $80.60;
WTI crude Apr was down US$2.41 per barrel to $73.95;
BDI Baltic Dry Index was up 80 points to 674;
Dow Jones was down 84.50 points to 33.045,09;
S&P 500 was down 6.29 points to 3.991,05;
NASDAQ Composite up 14.77 points to 11.507,07;
US dollar index (Mar ’23) was up 0.411 to 104.523;
AUD/USD weaker at US$0.6803;
USD/CAD firmer at $1.3549;
EUR/USD weaker at $1.0601;
USD/RUB firmer at ₽75.4335.
