US farm markets closed mixed, on Friday.
Corn prices dropped 0.98%.
Soybean prices grabbed double-digit gains, up 1.71%, thanks in large part to red-hot soyoil prices which soared 3.98%, while soymeal missed out on Friday buying, falling 1.68% lower.
Wheat prices also were mixed but mostly lower, as Chicago SRW added 0.64%, while Kansas City HRW fell 0.87%, with MGEX HRS dropping 0.49%.
In Europe, grain prices rose with wheat setting a new three-week high, as concerns about dry crop weather in northern Europe supported the market.
Rapeseed jumped to a one-month high, in the wake of other vegetable oils.
Oil prices fell more than a dollar a barrel, recording a second straight weekly decline, as disappointing Chinese data added to doubts about demand growth.
The Baltic Exchange’s main sea freight index in London rose 1.4%, posting its best week in 3 months.
On Wall Street, US stock indexes inched higher, on megacap stocks rally, better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle.
The DXY recovered from a 2-1/2 week low and finished higher by +0.22%.
Notably, Chicago wheat July contract was up 4c/bu to 630.2c/bu;
Kansas wheat Jul contract was down 7c/bu to 797.6c/bu;
Minneapolis wheat Jul contract was down 4c/bu to 811.6c/bu;
MATIF wheat Sep contract, was up €2/t to €234.5/t;
Black Sea wheat Jul contract was up $0.25/t to $251/t;
ASX wheat Jul contract, was up A$0.5/t to A$373/t;
US DWI Cash (durum wheat index) was up 2. 27c/bu to 798.79c/bu;
1CWAD (Canadian durum wheat) avg reg was up C$0.20/t to C$392.25/t;
EDW (EU durum) Sep contract, was unchanged to €352/t;
Chicago corn Jul was down 6c/bu to 604.2c/bu;
MATIF corn Aug was up €3/t to €232.5/t;
Soybeans Jul contract up 23.2c/bu to 1386.4c/bu;
Winnipeg canola Jul was up C$6.10/t to C$685.9/t;
MATIF rapeseed Aug contract, was up €6.5/t to €433.25/t;
Brent crude Aug was down US$1.17 per barrel to $74.79;
WTI crude Jul was down US$1.12 per barrel to $70.17;
BDI Baltic Dry Index was up 15 points to 1.055;
Dow Jones was up 43.17 points to 33.876,78;
S&P 500 was up 4.93 points to 4.298,86;
NASDAQ Composite up 20.62 points to 13.259,14;
US dollar index (Sep ’23) was up 0.225 points to 103.148;
AUD/USD firmer at US$0.6743;
USD/CAD weaker at $1.3335;
EUR/USD weaker at $1.0748;
USD/RUB firmer at ₽82.7213.
