US farm markets ended mixed on Wednesday, after a very choppy session.
The wheat complex surged higher on news that Cargill is no longer going to export Russian grain starting in July.
But those gains largely fizzled by the close, as Chicago SRW was up 0.71%, while Kansas City HRW, and Minneapolis HRS contracts spilled back into the red by -0.23% and -0.51%, respectively.
Corn and soybeans continued to move higher, with each commodity capturing gains of 0.5% and 0.65%, respectively.
The rest of the soy complex was lightly mixed, as soymeal was flat, up 0.07%, while soyoil prices shifted 0.60% higher.
In Europe, grain and oilseed prices marked an increase across all the board.
Oil prices edged lower.
The BDI edged up about 1%.
On Wall Street, US stock indexes rallied moderately, and the DXY rose by +0.19%.
Notably, Chicago wheat May contract was up US5 cents to 704.6c/bu;
Kansas wheat May contract was down 2c/bu to 870.4c/bu;
Minneapolis wheat May contract was down 4.4c/bu to 878c/bu;
MATIF wheat May contract was up €2.75/t to €266.25/t;
Black Sea wheat Apr contract was down $0.5/t to $288.75/t;
ASX wheat May contract, was down A$1/t to A$392/t;
US DWI Cash (durum wheat index) was up 0.69c/bu to 853.47c/bu;
1CWAD (Canadian durum) avg reg was down C$3.29/t to C$451.02/t;
EDW (EU durum) May contract was unchanged to €426.25/t;
Chicago corn May up 3.2c/bu to 650.4c/bu;
MATIF corn Jun was up €2.75/t to €261.75/t;
Soybeans May contract up 9.4c/bu to 1477.2c/bu;
Winnipeg canola May, was up C$7.6/t to C$770/t;
MATIF rapeseed May, was up €7.75/t to €479.5/t;
Brent crude May was down US$0.37 per barrel to $78.28;
WTI crude May was down US$0.23 per barrel to $72.97;
BDI Baltic Dry Index was up 5 points to 1.402;
Dow Jones was up 323.35 points to 32.717,60;
S&P 500 was up 56.54 points to 4.027,81;
NASDAQ Composite up 235.46 points to 12.846,03;
US dollar index (Jun ’23) was up 0.192 to 102.298;
AUD/USD weaker at US$0.6683;
USD/CAD weaker at $1.3555;
EUR/USD firmer at $1.0844;
USD/RUB firmer at ₽77.3289.
