Daily Market Wire – March 28, 2023

US farm markets rose on Monday.

Corn continued its rally, up 0.82%.

Soybean was up 0.98%%.

Soyoil jumped 2.4% higher, while soymeal gathered 0.2% gains.

Wheat gained the most, with MPLS HRS up 1.87%, KC HRW was up 1.44%, Chicago SRW 1.38% higher.

Also in Europe, grain and oilseed prices rose.

Oil prices rose more than $3.

The BDI fell about 2.2%.

On Wall Street, US stock indexes ended mixed, as higher bond yields weighed on technology stocks.

The DXY fell by -0.24%.

Notably, Chicago wheat May contract was up US9.4 cents to 698c/bu;

Kansas wheat May contract was up 12.2c/bu to 860.2c/bu;

Minneapolis wheat May contract was up 16c/bu to 873.4c/bu;

MATIF wheat May contract was up €7.5/t to €266.75/t;

Black Sea wheat Apr contract was down $0.25/t to $290.25/t;

ASX wheat May contract, was up A$5/t to A$386/t;

US DWI Cash (durum wheat index) was down 2.10c/bu to 851.47c/bu;

1CWAD (Canadian durum) avg reg was down C$1.6/t to C$452.95/t;

EDW (EU durum) May contract was unchanged to €426.25/t;

Chicago corn May up 5.2c/bu to 648.2c/bu;

MATIF corn Jun was up €7/t to €260.75/t;

Soybeans May contract up 14c/bu to 1442.2c/bu;

Winnipeg canola May, was up C$9.8/t to C$753.2/t;

MATIF rapeseed May, was up €14.75/t to €471.75/t;

Brent crude May was up US$3.13 per barrel to $78.12;

WTI crude May was up US$3.55 per barrel to $72.81;

BDI Baltic Dry Index was down 33 points to 1.456;

Dow Jones was up 194.55 points to 32.432,08;

S&P 500 was up 6.54 points to 3.977,53;

NASDAQ Composite down 55.12 points to 11.768,84;

US dollar index (Jun ’23) was down 0.246 to 102.518;

AUD/USD firmer at US$0.6649;

USD/CAD weaker at $1.3660;

EUR/USD firmer at $1.0796;

USD/RUB weaker at ₽76.5234.