US farm markets were bearish on Tuesday.
Wheat prices saw variable losses that ranged between 0.68% and 2.5%.
Soybean prices spilled 1.28% lower.
The rest of the soy complex also eroded lower, with soymeal eased around 0.45% lower, while soyoil tumbled more than 3% lower.
Corn prices followed soybeans and wheat lower, posting 0.47% losses at the bell.
In Europe, we saw a further decline in all commodity markets, mainly driven by funds which are withdrawing from the asset class.
Oil prices rose more than 2%.
The BDI fell about 2%
On Wall Street, US stock indexes posted sharp gains, as banking tensions eased.
The DXY fell by -0.03% and posted a 5-week low.
Notably, Chicago wheat May contract was down US17.4 cents to 683.2c/bu;
Kansas wheat May contract was down 9.4c/bu to 820.2c/bu;
Minneapolis wheat May contract was down 5.6c/bu to 845.6c/bu;
MATIF wheat May contract was down €4.5/t to €253.5/t;
Black Sea wheat Apr contract was down $1.25/t to $293/t;
ASX wheat May contract, was down A$5/t to A$391/t;
US DWI Cash (durum wheat index) was unchanged to 855c/bu;
1CWAD (Canadian durum) avg reg was up C$0.13/t to C$456.06/t;
EDW (EU durum) May contract was unch to €428/t;
Chicago corn May down 3c/bu to 630c/bu;
MATIF corn Jun was down €4.5/t to €250.25/t;
Soybeans May contract down 19c/bu to 1467c/bu;
Winnipeg canola May, was down C$9.2/t to C$729.4/t;
MATIF rapeseed May, was down €12.75/t to €441/t;
Brent crude May was up US$1.53 per barrel to $75.32;
WTI crude May was up US$1.85 per barrel to $69.67;
BDI Baltic Dry Index was down 30 points to 1512;
Dow Jones was up 316.02 points to 32.560,60;
S&P 500 was up 51.30 points to 4.002,87;
NASDAQ Composite up 184.57 points to 11.860,11;
US dollar index (Jun ’23) was down 0.036 to 102.897;
AUD/USD weaker at US$0.6668;
USD/CAD firmer at $1.3713;
EUR/USD firmer at $1.0767;
USD/RUB weaker at ₽77.2453.
