US farm markets were mixed on Tuesday.
Corn prices traded as high for most of the session, but lost ground in the afternoon trade, settling 0.77% lower at the bell.
Soybeans were the big winner, up 1.93%.
The rest of the soy complex also closed higher with meal up 0.03%, and soyoil jumping by +2.69%.
Wheat prices were mixed, with Chicago SRW caught a bid mid-morning, after trading to their highest price since May 17th.
Thus, the market softened up into the afternoon trade, finishing the day just 0.39% higher.
Meanwhile Kansas City HRW fell by -0.60%, and MGEX HRS closed 0.55% weaker.
In Europe, grain market were hesitant, while rapeseed continued its rally in the wake of soyoil higher.
Oil prices settled more than 3% higher after China’s central bank lowered a short-term lending rate.
The Baltic Exchange’s main sea freight index in London gained 1.7%, rising to two-week highs.
On Wall Street, US stock indexes rose moderately on outlook for a Fed pause rate hikes.
The DXY fell to a 3-week low and finished down by -0.29%.
Notably, Chicago wheat July contract was up 2.4c/bu to 636.2c/bu;
Kansas wheat Jul contract was down 4.6c/bu to 791.6c/bu;
Minneapolis wheat Jul contract was down 4.4c/bu to 809.6c/bu;
MATIF wheat Sep contract, was up €0.5/t to €238.75/t;
Black Sea wheat Jul contract was down $1/t to $239.5/t;
ASX wheat Jul contract, up A$10/t to A$383/t;
US DWI Cash (durum wheat index) was down 1.55c/bu to 786.03c/bu;
1CWAD (Canadian durum wheat) avg reg was down C$0.3/t to C$392.05/t;
EDW (EU durum) Sep contract, was down €0.25/t to €356.75/t;
Chicago corn Jul was down 4.6c/bu to 612.4c/bu;
MATIF corn Aug was down €0.25/t to €234.75/t;
Soybeans Jul contract up 26.4c/bu to 1399.2c/bu;
Winnipeg canola Jul was up C$10.30/t to C$699.30/t;
MATIF rapeseed Aug contract, was up €8.5/t to €448.5/t;
Brent crude Aug was up US$2.45 per barrel to $74.29;
WTI crude Jul was up US$2.30 per barrel to $69.42;
BDI Baltic Dry Index was up 18 points to 1.074;
Dow Jones was up 145.79 points to 34.212,12;
S&P 500 was up 30.08 points to 4.369,01;
NASDAQ Composite up 111.40 points to 13.573,32;
US dollar index (Sep ’23) was down 0.302 points to 102.924;
AUD/USD firmer at US$0.6766;
USD/CAD weaker at $1.3316;
EUR/USD firmer at $1.0793;
USD/RUB firmer at ₽83.9458.
