Daily Market Wire – March 13, 2023

US farm markets closed mostly higher last Friday.

Grain prices rebounded after suffering a significant and widespread selloff on Thursday.

Grain markets on Euronext tumbled.

Oil prices climbed more than 1% higher.

The BDI, gained for the third straight week, closing up about 3.3%, on Friday.

Wall Street’s indexes ended down more than 1%, and the dollar index fell by 0.65%.

Notably, Chicago wheat May contract was up US13.4 cents to 679.2c/bu;

Kansas wheat May contract was up 21c/bu to 798.2c/bu;

Minneapolis wheat May contract was up 7c/bu to 824.4c/bu;

MATIF wheat May contract was down €1.75/t to €261.75/t;

Black Sea wheat Apr contract was down $0.25/t to $295/t;

ASX wheat May contract, was down A$4.5/t to A$395.5/t;

US DWI Cash (durum wheat index) was down 0.28c/bu to 858.19c/bu;

1CWAD (Canadian durum) avg reg was down C$2.16/t to C$456.64/t;

EDW (EU durum) May contract was unch to €427/t;

Chicago corn May up 5.6c/bu to 617.2c/bu;

MATIF corn Jun was down €2.25/t to €258/t;

Soybeans May contract down 3.6c/bu to 1507c/bu;

Winnipeg canola May, was down C$14.5/t to C$777.8/t;

MATIF rapeseed May, was down €6/t to €493/t;

Brent crude May was up US$1.19 per barrel to $82.78;

WTI crude Apr was up US$0.96 per barrel to $76.68;

BDI Baltic Dry Index was up 45 points to 1424;

Dow Jones was down 345.22 points to 31.909,64;

S&P 500 was down 56.73 points to 3.861,59;

NASDAQ Composite down 199.47 points to 11.138,89;

US dollar index (Jun ’23) was down 0.756 to 104.152;

AUD/USD weaker at US$0.6577;

USD/CAD unch at $1.3827;

EUR/USD firmer at $1.0643;

USD/RUB firmer at ₽76.1750.