US farm markets were mixed, but mostly higher on Monday.

Corn prices backed off from multi week highs, down 1.89%.

Soybeans also closed in the red, down 0.18%, with soymeal trending 0.85% higher, while soyoil prices faded 0.48% lower.

The wheat complex posted moderate gains, as Chicago SRW added 0.81%, Kansas City HRW gained 1.23%, and MGEX HRS rose 1.55%.

In Europe, grain prices rose on Black Sea tension, and supply worry.

Rapeseed also rose sharply.

Oil prices rose on Saudi plan to deepen output cuts from July.

The Baltic Exchange’s main sea freight index in London rose for the first time in 17 sessions, advancing 2.2%.

On Wall Street, US stock indexes ended lower, on weak U.S. economic reports.

The DXY was little changed, with the dollar falling on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth.

Notably, Chicago wheat July contract was up 5c/bu to 624c/bu;

Kansas wheat Jul contract was up 10c/bu to 822.2c/bu;

Minneapolis wheat Jul contract was up 12.4c/bu to 820.2c/bu;

MATIF wheat Sep contract, was up €6.5/t to €230.5/t;

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

ASX wheat Jul contract, was up A$2/t to A$374/t;

US DWI Cash (durum wheat index) was up 8.66c/bu to 794.84c/bu;

1CWAD (Canadian durum wheat) avg reg was down C$0.68/t to C$392.37/t;

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

Chicago corn Jul was down 11.4c/bu to 597.4c/bu;

MATIF corn Aug was up €4.5/t to €222/t;

Soybeans Jul contract down 2.4c/bu to 1350c/bu;

Winnipeg canola Jul was up C$6.5/t to C$658/t;

MATIF rapeseed Aug contract, was up €17/t to €423.5/t;

Brent crude Aug was up US$0.58 per barrel to $76.71;

WTI crude Jul was up US$0.41 per barrel to $72.15;

BDI Baltic Dry Index was up 20 points to 939;

Dow Jones was down 199.90 points to 33.562,86;

S&P 500 was down 8.58 points to 4.273,79;

NASDAQ Composite down 11.34 points to 13.229,43;

US dollar index (Sep ’23) was up 0.003 points to 103.540;

AUD/USD firmer at US$0.6617;

USD/CAD firmer at $1.3445;

EUR/USD firmer at $1.0712;

USD/RUB weaker at ₽80.5972.

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