US farm markets were mixed but mostly lower on Thursday.
Corn prices fell by -1.98%.
Soybeans added +0.11%, with soyoil tumbling 1.73%, while soymeal jumping 2.84% higher.
Wheat prices face double-digit cuts, with Chicago SRW falling -2.18%, Kansas City HRW lost -1.61%, and MGEX spring wheat dropped -1.5%.
A lackluster USDA export sales report sparked fresh concerns over demand for both corn and wheat, while rains in the Plains added further downward pressure for wheat.
Soybeans rebounded, on bargain buys, after 3 sessions of declines that drove prices to their lowest level in 6.5 months.
In Europe, wheat prices eased slightly after sharp declines in recent days, while rapeseed collapsed on the back of canola and oils.
Oil prices fell about 2% to a one-week low, on political standoff over the U.S. debt ceiling, rising U.S. jobless claims and weak Chinese economic data.
The Baltic Exchange’s main sea freight index in London fell about 2%, pressured by lower rates across all vessel segments.
On Wall Street, US stock indexes settled mixed as tech gains on Alphabet and lower bond yields.
The DXY rose by +0.6%, with the dollar rising to a 1-week high on weakness in stocks, turmoil in the banking sector.
Notably, Chicago wheat July contract was down 14c/bu to 627.2c/bu;
Kansas wheat Jul contract was down 13.6c/bu to 841.4c/bu;
Minneapolis wheat Jul contract was down 12.6c/bu to 836.6c/bu;
MATIF wheat Sep contract, was down €0.25/t to €232/t;
Black Sea wheat June contract was down $0.25/t to $270.5/t;
ASX wheat Jul contract, was down A$0.3 to A$372/t;
US DWI Cash (durum wheat index) was up 1.08c/bu to 810.63c/bu;
1CWAD (Canadian durum) avg reg was down C$0.94/t to C$410.7/t;
EDW (EU durum) Sep contract, was unchanged to €352/t;
Chicago corn Jul was down 11.6c/bu to 582.2c/bu;
MATIF corn Jun, was down €0.75/t to €227/t;
Soybeans Jul contract up 1.4c/bu to 1405.4c/bu;
Winnipeg canola Jul was down C$10.6/t to C$724.1/t;
MATIF rapeseed Aug contract, was down 10.75/t to €425/t;
Brent crude Jul was down US$1.43 per barrel to $74.98;
WTI crude Jun was down US$1.69 per barrel to $70.87;
BDI Baltic Dry Index was down 32 points to 1.608;
Dow Jones was down 221.82 points to 33.309,51;
S&P 500 was down 7.02 points to 4.130,62;
NASDAQ Composite up 22.07 points to 12.328,51;
US dollar index (Jun ’23) was up 0.604 to 101.873;
AUD/USD weaker at US$0.6702;
USD/CAD firmer at $1.3490;
EUR/USD weaker at $1.0915;
USD/RUB firmer at ₽76.9943.
