US farm markets were mixed on Wednesday.
Corn prices bounced back 1.58%.
Soybean prices continued to slide lower falling by 0.72%, with soymeal moving modestly higher, up 0.12%, while soyoil tumbled by 1.87% lower.
Wheat prices were mixed as Chicago SRW dropped 0.35%, Kansas City HRW slid 012%, while MGEX spring wheat lifted 0.21%.
In Europe, grain prices extended their losses, while rapeseed continued to rise.
Oil prices fell by more than 1%, after US data pointed to further rate hikes.
The Baltic Exchange’s main sea freight index in London gained 2.6% on robust capesize, supramax demand.
On Wall Street, US stock indexes settled mixed, as favorable CPI report sparked a rally in technology stocks.
The DXY fell by -0.13%, as the weaker-than-expected U.S. Apr CPI report knocked T-note yields lower, while the euro rose on hawkish ECB comments.
Notably, Chicago wheat July contract was down 2.2c/bu to 641.2c/bu;
Kansas wheat Jul contract was down 1c/bu to 855.2c/bu;
Minneapolis wheat Jul contract was up 1.6c/bu to 849.4c/bu;
MATIF wheat Sep contract, was down €1.75/t to €232.25/t;
BlackSea wheat June contract was down $0.5/t to $270.75/t;
ASX wheat Jul contract, was down A$2.7 to A$372.30/t;
US DWI Cash (durumwheat index) was down 1.19c/bu to 809.55c/bu;
1CWAD (Canadian durum) avg reg was up C$0.03/t to C$411.64/t;
EDW (EU durum) Sep contract, was up €1.25/t to €352/t;
Chicago corn Jul was up 9.2c/bu to 594c/bu;
MATIF corn Jun, was down €0.5/t to €227.75/t;
Soybeans Jul contract down 10.2c/bu to 1404c/bu;
Winnipeg canola Jul was down C$3.4/t to C$734.7/t;
MATIF rapeseed Aug contract, was up 1.5/t to €435.75/t;
Brent crude Jul was down US$1.03 per barrel to $76.41;
WTI crude Jun was down US$1.15 per barrel to $72.56;
BDI Baltic Dry Index was up 42 points to 1.640;
Dow Jones was down 30.48 points to 33.531,33;
S&P 500 was up 18.47 points to 4.137,64;
NASDAQ Composite up 126.89 points to 12.306,44;
US dollar index (Jun ’23) was down 0.130 to 101.269;
AUD/USD firmer at US$0.6779;
USD/CAD weaker at $1.3371;
EUR/USD firmer at $1.0980;
USD/RUB weaker at ₽76.1059.
