US farm markets were mixed but mostly weaker on Tuesday.
Corn took the largest hit, fading 1.97% lower.
Soybeans lost 1.36%, with soymeal falling 1.85% lower, and soyoil closing down 1.14%.
Wheat prices have been divergent, as Chicago SRW contracts was down 1.61%, while Kansas City HRW rallied 1.42% and MGEX spring wheat prices rose 0.47% higher by the close.
In Europe, wheat prices suffered a sharp decline.
Corn was also weaker, dragged down by the wheat market, while rapeseed found support from canola.
Oil prices ticked up by the close, after dropping 2,5% earlier in the session.
The Baltic Exchange’s main sea freight index in London rose by 2.06% on strong capesize, supramax demand.
On Wall Street, US stock indexes closed moderately lower, as debt ceiling stalled.
The DXY rose by +0.24%, with the dollar posting moderate gains as concern about the ongoing U.S. debt ceiling turmoil boosted safe-haven demand for the dollar.
Notably, Chicago wheat July contract was down 10.4c/bu to 643.4c/bu;
Kansas wheat Jul contract was up 12c/bu to 856.2c/bu;
Minneapolis wheat Jul contract was up 4c/bu to 847.6c/bu;
MATIF wheat Sep contract, was down €7.5/t to €234/t;
BlackSea wheat June contract was down $3/t to $271.25/t;
ASX wheat Jul contract, was down A$3.5 to A$375/t;
US DWI Cash (durumwheat index) was down 4.84c/bu to 810.74c/bu;
1CWAD (Canadian durum) avg reg was up C$0.03/t to C$411.61/t;
EDW (EU durum) Sep contract, was down €13.5/t to €350.75/t;
Chicago corn Jul was down 11.6c/bu to 584.6c/bu;
MATIF corn Jun, was down €1/t to €228.25/t;
Soybeans Jul contract down 19.4c/bu to 1414.2c/bu;
Winnipeg canola Jul was up C$4.9/t to C$738.1/t;
MATIF rapeseed Aug contract, was up 5.25/t to €434.25/t;
Brent crude Jul was up US$0.43 per barrel to $77.44;
WTI crude Jun was up US$0.55 per barrel to $73.71;
BDI Baltic Dry Index was up 40 points to 1.598;
Dow Jones was down 56.88 points to 33.561,81;
S&P 500 was down 18.95 points to 4.119,17;
NASDAQ Composite down 77.37 points to 12.179,55;
US dollar index (Jun ’23) was up 0.244 to 101.399;
AUD/USD weaker at US$0.6762;
USD/CAD firmer at $1.3383;
EUR/USD weaker at $1.0960;
USD/RUB weaker at ₽77.6924.
