US farm markets were mixed but mostly higher, on Monday.
Corn prices jumped 2.15% higher, on expectations for more dry weather in the U.S..
Wheat gains were variable, as Chicago SRW and MGEX HRS gained +0.56% and +0.31% respectively, while Kansas City HRW inched 0.16% lower.
Soybeans closed down 0.99%, on disappointing export inspection data.
The rest of the soy complex was mixed, as soyoil faded 1.12% lower, while soymeal found fractional gains of 0.05%.
In Europe, grain prices rose, with wheat rising to around three-week highs, on dry weather concerns.
Oil prices settled down 4% after analysts highlighted rising global supplies and concerns about demand growth.
The Baltic Exchange’s main sea freight index in London edged higher 0.1%.
On Wall Street, US stock indexes moved moderately higher, on strength in technology sector.
The DXY recovered from a 2-1/2 week low and finished slightly higher.
Notably, Chicago wheat July contract was up 3.4c/bu to 633.6c/bu;
Kansas wheat Jul contract was down 1.2c/bu to 796.4c/bu;
Minneapolis wheat Jul contract was up 2.4c/bu to 814.2c/bu;
MATIF wheat Sep contract, was up €3.75/t to €238.25/t;
Black Sea wheat Jul contract was down $10.5/t to $240.5/t;
ASX wheat Jul contract, the market was closed;
US DWI Cash (durum wheat index) was down 11.21c/bu to 787.58c/bu;
1CWAD (Canadian durum wheat) avg reg was up C$0.10/t to C$392.35/t;
EDW (EU durum) Sep contract, was up €5/t to €357/t;
Chicago corn Jul was up 13c/bu to 617.2c/bu;
MATIF corn Aug was up €2.5/t to €235/t;
Soybeans Jul contract down 13.6c/bu to 1372.6c/bu;
Winnipeg canola Jul was up C$3.10/t to C$689/t;
MATIF rapeseed Aug contract, was up €6.75/t to €440/t;
Brent crude Aug was down US$2.95 per barrel to $71.84;
WTI crude Jul was down US$3.05 per barrel to $67.12;
BDI Baltic Dry Index was up 1 points to 1.056;
Dow Jones was up 189.55 points to 34.066,33;
S&P 500 was up 40.07 points to 4.338,93;
NASDAQ Composite up 202.78 points to 13.461,92;
US dollar index (Sep ’23) was up 0.078 points to 103.226;
AUD/USD firmer at US$0.6750;
USD/CAD firmer at $1.3368;
EUR/USD firmer at $1.0756;
USD/RUB firmer at ₽83.8667.
