US farm markets were mixed on Thursday.
Export optimism kept corn prices 1% in the green.
Soybean was also firmer, up 0.15%, at the bell.
The rest of the soy complex was mixed, as soymeal softened by more than 0.9%, while soyoil raced 2.47% higher.
Meanwhile, wheat contracts retreated moderately, as Chicago SRW was down 0.53%, MPLS HRS 0.41% weaker, while Kansas City HRW was unchanged at the bell.
In Europe, grain and oilseed fell, amid uncertainty about global economic growth and the current banking crisis.
Oil prices settled 1% higher, after Saudi Arabia and Russia met to discuss ways to enhance market stability.
The BDI snapped its 19-session winning streak, and lost about 2.7%.
On Wall Street, US stock indexes surged on rescue plan for First Republic Bank, curbing the liquidity demand for the dollar.
Thursday’s action by the ECB to raise interest rates by 50 bp supported the euro and undercut the dollar.
Thus the DXY fell by -0.18%.
Notably, Chicago wheat May contract was down US3.6 cents to 699c/bu;
Kansas wheat May contract was unchanged to 819.6c/bu;
Minneapolis wheat May contract was down 3.4c/bu to 849c/bu;
MATIF wheat May contract was down €3.5/t to €268.5/t;
Black Sea wheat Apr contract was down $0.25/t to $295.75/t;
ASX wheat May contract, was down A$0.5/t to A$401/t;
US DWI Cash (durum wheat index) was down 1.39c/bu to 855c/bu;
1CWAD (Canadian durum) avg reg was up C$0.12/t to C$456.22/t;
EDW (EU durum) May contract was unch to €428/t;
Chicago corn May up 6.2c/bu to 632.6c/bu;
MATIF corn Jun was down €1.5/t to €264/t;
Soybeans May contract up 2.2c/bu to 1491.4c/bu;
Winnipeg canola May, was up C$4.8/t to C$755.8/t;
MATIF rapeseed May, was down €9.25/t to €472.25/t;
Brent crude May was up US$1.01 per barrel to $74.70;
WTI crude Apr was up US$0.74 per barrel to $68.35;
BDI Baltic Dry Index was down 43 points to 1560;
Dow Jones was up 371.98 points to 32.246,55;
S&P 500 was up 68.35 points to 3.960,28;
NASDAQ Composite up 283.22 points to 11.717,28;
US dollar index (Jun ’23) was down 0.118 to 104.092;
AUD/USD firmer at US$0.6654;
USD/CAD weaker at $1.3718;
EUR/USD firmer at $1.0605;
USD/RUB firmer at ₽76.7967.
