US farm markets were mixed but mostly higher, on Wednesday.
Corn closed 0.93% higher on a second straight day of strong export business.
Soybean was 0.3% weaker, on pressure from crude oil losses.
Meal eroded 0.58% lower, while soyoil made 0.28% gains.
Wheat prices extended their strength, as Chicago SRW was up 0.93%, Kansas City HRW was 0.24% in the green, and MPLS HRS 0.29% higher at the bell.
In Europe, grain prices continued their rebound, as the fall of the euro and turbulence on equity and financial markets, prompted investors to reduce their positions, moving in favor of safe haven assets such as ag commodities and the dollar.
Rapeseed lost more ground, in the wake of oil and other oils.
Oil prices plunged by nearly 5%, on concerns that the banking sector crisis, could trigger a recession and cut demand.
The BDI rose about 1%.
On Wall Street, US stock indexes settled mixed, as bank stocks tumbled, while mega-cap tech stocks climbed, after the fall in U.S. government bond yields.
The DXY rose sharply by +1.03%, on concerns about the health of the European banking system.
Notably, Chicago wheat May contract was up US6.4 cents to 702.6c/bu;
Kansas wheat May contract was up 2c/bu to 819.6c/bu;
Minneapolis wheat May contract was up 2.4c/bu to 852.4c/bu;
MATIF wheat May contract was up €2.75/t to €272/t;
BlackSea wheat Apr contract was unchanged to $296/t;
ASX wheat May contract, was unch to A$401.5/t;
US DWI Cash (durumwheat index) was unch to 856.39c/bu;
1CWAD (Canadian durum) avg reg was up C$0.63/t to C$456.1/t;
EDW (EU durum) May contract was unch to €428/t;
Chicago corn May up 5.6c/bu to 626.4c/bu;
MATIF corn Jun was up €0.75/t to €265.5/t;
Soybeans May contract down 4.4c/bu to 1489.2c/bu;
Winnipeg canola May, was down C$6.6/t to C$751/t;
MATIF rapeseed May, was down €1.25/t to €481.5/t;
Brent crude May was down US$3.76 per barrel to $73.69;
WTI crude Apr was down US$3.72 per barrel to $67.61;
BDI Baltic Dry Index was up 16 points to 1603;
Dow Jones was down 280.83 points to 31.874,57;
S&P 500 was down 27.36 points to 3.891,93;
NASDAQ Composite up 5.90 points to 11.434,05;
US dollar index (Jun ’23) was up 1.061 to 104.276;
AUD/USD weaker at US$0.6615;
USD/CAD firmer at $1.3767;
EUR/USD weaker at $1.0575;
USD/RUB firmer at ₽76.0996.
