US farm markets took a beating on Friday.
Wheat prices suffered the sharpest decline, with Chicago SRW more then 4% lower on Friday, and by 7.48% for the week.
In Europe, Euronext wheat prices fell to a one-month low.
Oil prices edged higher in Friday’s volatile trade, but were flat on the week.
The BDI snapped its seven-week long losing streak and posted its second-biggest weekly jump.
Wall Street’s main indexes posted their biggest weekly drop of 2023.
The dollar held a seven-week peak.
Notably, Chicago wheat Mar contract was down US30 cents to 708.2c/bu;
Kansas wheat Mar contract was down 20c/bu to 841.6c/bu;
Minneapolis wheat Mar contract was down 22.4c/bu to 885.4c/bu;
MATIF wheat Mar contract was down €4.5/t to €279.75/t;
Black Sea wheat Mar contract was down $1.5/t to $298.75/t;
ASX wheat March contract, up A$2.2/t to A$393.5/t;
US DWI Cash (durum wheat index) was unchanged to 893.57c/bu;
1CWAD (Canadian durum) avg reg was down C$0.83/t to C$458.99/t;
EDW (EU durum) March contract was unchanged to €427.5/t;
Chicago corn Mar contract down 10.2c/bu to 650c/bu;
MATIF corn Mar contract was down €6.75/t to €288.5/t;
Soybeans Mar contract down 5.2c/bu to 1529c/bu;
Winnipeg canola Mar contract, was up C$1.9/t to C$834.4/t;
MATIF rapeseed May contract was down €2.5/t to €542/t;
Brent crude Apr was up US$0.95 per barrel to $83.16;
WTI crude Apr was up US$0.93 per barrel to $76.32;
BDI Baltic Dry Index was up 67 points to 883;
Dow Jones was down 336.99 points to 32.816,92;
S&P 500 was down 42.28 points to 3.970,04;
NASDAQ Composite down 195.46 points to 11.394,94;
US dollar index (Mar ’23) was up 0.619 to 105.158;
AUD/USD weaker at US$0.6725;
USD/CAD firmer at $1.3609;
EUR/USD weaker at $1.0546;
USD/RUB firmer at ₽76.1300.
