Daily Market Wire – January 24, 2023

Grain and oilseeds sold off yesterday.

US wheat fell around 3 pc, while both corn and soybean were trailed more than 1 pc.

European grains also tumbled around 2 pc lower.

The euro continued to gain against the US dollar.

Notably, ASX wheat March contract was unchanged to A$375/t;

Chicago wheat Mar contract was down US21.4 cents to 720c/bu;

Kansas wheat Mar contract was down 29c/bu to 819c/bu;

Minneapolis wheat Mar contract down 25c/bu to 887.6c/bu;

MATIF wheat Mar contract was down €5.5/t to €279.25/t;

Black Sea wheat Mar contract was down $1.75/t to $306.75/t;

US DWI Cash (durum wheat index) was down 1.1c/bu to 913.48c/bu;

1CWAD (Canadian durum) avg reg was down C$6.43/t to C$465.17/t;

EDW (EU durum) March contract was unchanged to €481/t;

Chicago corn Mar contract down 10c/bu to 666.2c/bu;

Soybeans Mar contract down 16.2c/bu to 1490.2c/bu;

MATIF corn Mar contract was down €5.75/t to €272.25/t;

Winnipeg canola Mar contract, was down C$6.2/t to C$806.7/t;

MATIF rapeseed Feb contract was down €3.75/t to €529.25/t;

Brent crude Mar was up US$0.56 per barrel to $88.19;

WTI crude Mar was down US$0.02 per barrel to $81.62;

BDI Baltic Dry Index was down 23 points to 740;

Dow Jones was up 254.07 points to 33.629,56;

S&P 500 was up 47.20 points to 4.019,81;

NASDAQ Composite up 223.98 points to 11.364,41;

US dollar index (Mar ’23) was up 0.135 to 101.916;

AUD/USD firmer at US$0.7028;

USD/CAD weaker at $1.3366;

EUR/USD firmer at $1.0868;

USD/RUB firmer at ₽68.9687.