US farm markets were mixed but mostly lower following USDA’s latest WASDE report.
Corn moved down 1.38%, while soybean after testing double-digit gains, only finished 0.15% higher.
The rest of the soy complex was mixed, as soymeal fell 0.43% lower, while soyoil improved by 0.72%.
Wheat prices were also mixed, but mostly in the red, as Chicago SRW fell 1.5%, KC HRW added 0.13%, while MGE spring wheat dropped by 1.67%.
In Europe, grain and oilseed markets on Euronext, continued their inexorable decline.
Oil prices extended Tuesday’s losses.
The BDI rose for the 14th straight session, up 2.2%.
US stocks settled mixed, while the DXY gained 0.04%.
Notably, Chicago wheat May contract was down US10.4 cents to 687.4c/bu;
Kansas wheat May contract was up 1c/bu to 800.2c/bu;
Minneapolis wheat May contract was down 14.2c/bu to 838.4c/bu;
MATIF wheat May contract was down €3.25/t to €266.75/t;
Black Sea wheat Apr contract was down $0.75/t to $296.5/t;
ASX wheat May contract, was up A$2/t to A$399/t;
US DWI Cash (durum wheat index) was up 0.28c/bu to 861.25c/bu;
1CWAD (Canadian durum) avg reg was down C$4.71/t to C$458.67/t;
EDW (EU durum) May contract was unch to €427/t;
Chicago corn May down 8.6c/bu to 625.4c/bu;
MATIF corn Jun was down €3.5/t to €262/t;
Soybeans May contract up 2.2c/bu to 1517.6c/bu;
Winnipeg canola May, was down C$4.8/t to C$808.1/t;
MATIF rapeseed May, was down €6.25/t to €513.25/t;
Brent crude May was down US$0.63 per barrel to $82.66;
WTI crude Apr was down US$0.92 per barrel to $76.66;
BDI Baltic Dry Index was up 29 points to 1327;
Dow Jones was down 58.06 points to 32.798,40;
S&P 500 was up 5.64 points to 3.992,01;
NASDAQ Composite up 45.67 points to 11.576,00;
US dollar index (Jun ’23) was up 0.037 to 105.249;
AUD/USD firmer at US$0.6586;
USD/CAD firmer at $1.3804;
EUR/USD weaker at $1.0544;
USD/RUB weaker at ₽75.9315.
