US farm markets ended mixed as May close.

Corn prices were mostly weaker, though July rallied back from early losses to end unchanged on the day.

Beans also firmed up by the close, gaining 0.25%, and soymeal was up 0.20%.

Soyoil, meantime, closed unchanged, having rallied back from intra-day losses.

Wheat prices also were mixed but mostly higher, with Chicago SRW up 0.55%, Kansas City HRW was up 0.86%, while Minneapolis HRS fell by -1.64%.

In Europe, grain prices were mixed but mostly weaker, with wheat losing ground again, and hitting a new 22-month low.

Rapeseed rebounded after the sharp decline at the start of the week.

Oil prices settled lower on weak China data, and stronger US dollar.

The Baltic Exchange’s main sea freight index in London fell by 13%, recording its lowest level since Feb. 27.

On Wall Street, US stock indexes slipped as stocks slumped worldwide on worries about the strength of the global economy and inflation.

The DXY rose by +0.14%, posting a 2-1/2 month high, as weakness in stocks boosted a liquidity demand for the dollar, and weaker-than-expected Chinese economic news, pushed the Chinese yuan to a 6-month low against the dollar.

Notably, Chicago wheat July contract was up 3.2c/bu to 594.2c/bu;

Kansas wheat Jul contract was up 6.6c/bu to 790.4c/bu;

Minneapolis wheat Jul contract was down 13c/bu to 780c/bu;

MATIF wheat Sep contract, was down €2/t to €218.25/t;

Black Sea wheat Jul contract was down $1/t to $252.75/t;

ASX wheat Jul contract, was down A$9/t to A$370/t;

US DWI Cash (durum wheat index) was down 16.17c/bu to 789.12c/bu;

1CWAD (Canadian durum wheat) avg reg was down C$4.44/t to C$397.84/t;

EDW (EU durum) Sep contract, was down €7.25/t to €351.75/t;

Chicago corn Jul was unchanged to 594c/bu;

MATIF corn Aug was up €0.25/t to €215.5/t;

Soybeans Jul contract up 3.2c/bu to 1299.6c/bu;

Winnipeg canola Jul was down C$8.7/t to C$649.5/t;

MATIF rapeseed Aug contract, was up €10.25/t to €395.25/t;

Brent crude Jul was down US$1.11 per barrel to $72.60;

WTI crude Jul was down US$1.37 per barrel to $68.09;

BDI Baltic Dry Index was down 146 points to 977;

Dow Jones was down 134.51 points to 32.908,27;

S&P 500 was down 25.69 points to 4.179,83;

NASDAQ Composite down 82.14 points to 12.935,28;

US dollar index (Sep ’23) was up 0.177 points to 103.845;

AUD/USD weaker at US$0.6502;

USD/CAD weaker at $1.3571;

EUR/USD weaker at $1.0689;

USD/RUB firmer at ₽81.5447.

Comments are closed.