US farm markets were mixed, but mostly lower, on Monday.
Corn and soybean contracts closed weaker, amid banking sector volatility and the crude oil dip.
The rest of the soy complex was also in the red.
Meanwhile, wheat prices found moderate improvements, also driven higher on views that Kansas’ crop is lagging.
European wheat and corn markets rebounded, while rapeseed lost more ground.
In energy markets, Brent fell to its lowest since early January, while WTI dropped to its lowest since December.
The BDI rose to an over 11-week high.
On Wall Street, US stock indexes settled mixed, with bank stocks cratering, and technology stocks climbing.
The DXY fell to 3-1/2 week low, as the ongoing turmoil in the U.S. banking sector is undercutting the dollar, and leading to a sharp decline in T-note yields.
Notably, Chicago wheat May contract was up US5.2 cents to 684.4c/bu;
Kansas wheat May contract was up 2.2c/bu to 800.4c/bu;
Minneapolis wheat May contract was up 8c/bu to 832.4c/bu;
MATIF wheat May contract was up €5.25/t to €267/t;
Black Sea wheat Apr contract was up $0.75/t to $295.75/t;
ASX wheat May contract, was up A$10/t to A$405.5/t;
US DWI Cash (durum wheat index) was down 2.48c/bu to 855.71c/bu;
1CWAD (Canadian durum) avg reg was down C$0.84/t to C$455.80/t;
EDW (EU durum) May contract was up €1/t to €428/t;
Chicago corn May down 3.6c/bu to 613.4c/bu;
MATIF corn Jun was up €4.5/t to €262.5/t;
Soybeans May contract down 15.6c/bu to 1491.2c/bu;
Winnipeg canola May, was down C$10/t to C$767.8/t;
MATIF rapeseed May, was down €7.75/t to €485.25/t;
Brent crude May was down US$2.01 per barrel to $80.77;
WTI crude Apr was down US$1.88 per barrel to $74.80;
BDI Baltic Dry Index was up 41 points to 1465;
Dow Jones was down 90.50 points to 31.819,14;
S&P 500 was down 5.83 points to 3.855,76;
NASDAQ Composite up 49.96 points to 11.188,84;
US dollar index (Jun ’23) was down 0.969 to 103.183;
AUD/USD firmer at US$0.6664;
USD/CAD weaker at $1.3724;
EUR/USD firmer at $1.0729;
USD/RUB weaker at ₽75.5448.
