US farm markets all trended higher on Tuesday.
Wheat prices continued to rebound posting double-digit gains.
Corn prices trekked more than 1% higher, while soybeans posted some fractional gains.
The rest of the soy complex made modest inroads, with soymeal up 0.4% and soyoil price up around 0.6%.
In Europe, wheat and corn edged higher, while rapeseed continued lost ground in the wake of canola.
Oil prices sank more than 4% lower, to three-month low on inflation worries, and U.S. bank shutdowns.
The BDI hit near 12-week high, rising about 8.3%.
On Wall Street, US stock indexes posted moderate gains, as bank jitters subsided, while the DXY rose by only +0.03%, giving up most of an early advance.
Notably, Chicago wheat May contract was up US11.6 cents to 696.2c/bu;
Kansas wheat May contract was up 17.2c/bu to 817.6c/bu;
Minneapolis wheat May contract was up 17.4c/bu to 850c/bu;
MATIF wheat May contract was up €2.25/t to €269.25/t;
Black Sea wheat Apr contract was up $0.25/t to $296/t;
ASX wheat May contract, was down A$4/t to A$401.5/t;
US DWI Cash (durum wheat index) was up 0.68c/bu to 856.39c/bu;
1CWAD (Canadian durum) avg reg was down C$0.33/t to C$455.47/t
EDW (EU durum) May contract was unch to €428/t;
Chicago corn May up 7.2c/bu to 620.6c/bu;
MATIF corn Jun was up €2.25/t to €264.75/t;
Soybeans May contract up 2.4c/bu to 1493.6c/bu;
Winnipeg canola May, was down C$10.2/t to C$757.6/t;
MATIF rapeseed May, was down €2.5/t to €482.75/t;
Brent crude May was down US$3.32 per barrel to $77.45;
WTI crude Apr was down US$3.47 per barrel to $71.33;
BDI Baltic Dry Index was up 122 points to 1587;
Dow Jones was up 336.26 points to 32,155.40;
S&P 500 was up 63.53 points to 3,919.29;
NASDAQ Composite up 239.31 points to 11,428.15;
US dollar index (Jun ’23) was up 0.032 to 103.215;
AUD/USD firmer at US$0.6679;
USD/CAD weaker at $1.3684;
EUR/USD firmer at $1.0732;
USD/RUB firmer at ₽75.7455.
