US farm markets closed mixed but mostly higher on Friday.
Corn prices rose 0.24%; soybean eased by 1.01%; soymeal posted 1.69% losses; soybean oil was down 0.47%; the wheat complex ended with double digit gains, as Chicago SRW settled up by 1.65%; Kansas City HRW was 1.95% higher; and MGE HRS was 1.38% higher.
For the week, corn prices rose 2.76%; soybean slipped 2.06% lower; meal was 4.1% weaker, bean oil gained 1.5%; Chicago SRW gained 4.57%, K.C. HRW soared 4.76%, and MPLS HRS, was 4.36% higher.
In Europe, we saw another session of decline on Friday.
However, grain prices rose for the week, while rapeseed tumbled.
Oil prices settled lower on Friday, with Brent posting a 12% weekly decline, and WTI about 13%.
The BDI lost about 1.6% on Friday, but was up 7.8% for the week..
On Wall Street, US stock indexes posted moderate losses on Friday.
For the week, the S&P 500 ended higher, while the Nasdaq and the Dow posted weekly declines.
The DXY slid 0.60% on Friday and dropped slightly from prior week’s 103.475 to 103.360.
Notably, Chicago wheat May contract was up US11.4 cents to 710.4c/bu;
Kansas wheat May contract was up 16c/bu to 835.6c/bu;
Minneapolis wheat May contract was up 11.6c/bu to 860.6c/bu;
MATIF wheat May contract was down €3/t to €265.5/t;
Black Sea wheat Apr contract was down $0.75/t to $295/t;
ASX wheat May contract, was unchanged to A$401/t;
US DWI Cash (durum wheat index) was unchanged to 855c/bu;
1CWAD (Canadian durum) avg reg was down C$0.07/t to C$456.15/t;
EDW (EU durum) May contract was unch to €428/t;
Chicago corn May up 1.4c/bu to 634.2c/bu;
MATIF corn Jun was down €2.5/t to €261.5/t;
Soybeans May contract down 15c/bu to 1476.4c/bu;
Winnipeg canola May, was down C$4.2/t to C$751.6/t;
MATIF rapeseed May, was down €5/t to €467.25/t;
Brent crude May was down US$1.73 per barrel to $72.97;
WTI crude Apr was down US$1.59 per barrel to $66.93;
BDI Baltic Dry Index was down 25 points to 1535;
Dow Jones was down 384.57 points to 31.861,98;
S&P 500 was down 43.64 points to 3.916,64;
NASDAQ Composite down 86.76 points to 11.630,51;
US dollar index (Jun ’23) was down 0.732 to 103.360;
AUD/USD firmer at US$0.6695;
USD/CAD firmer at $1.3727;
EUR/USD firmer at $1.0666;
USD/RUB firmer at ₽76.9438.
