US farm markets closed mostly lower on Tuesday.
Corn prices were slashed by 1.9%.
Soybean tumbled by 2.62%, soymeal dropped 0.93%, while soyoil were cut by 4.51%.
Wheat prices were mixed, as Chicago SRW was down 2.01%, Kansas City HRW eased 0.33%, while MGEX HRS managed gains of 0.63%.
In Europe, grain and oilseed fell, as the harvests in the northern hemisphere is approaching, and buyers waiting for the usual harvest pressure to hedge.
Oil prices dipped, on weaker-than-expected economic data in China and the United States.
The Baltic Exchange’s main sea freight index in London fell about 3% pressured by lower rates across vessel segments.
On Wall Street, US stock indexes were undercut by little progress in U.S. debt ceiling talks, and higher bond yields.
The DXY rose by +0.13%.
Notably, Chicago wheat July contract was down 13.2c/bu to 647.4c/bu;
Kansas wheat Jul contract was down 3c/bu to 895.2c/bu;
Minneapolis wheat Jul contract was up 5.4c/bu to 878.6c/bu;
MATIF wheat Sep contract, was down €5/t to €234.5/t;
Black Sea wheat June contract was down $1.5/t to $268.25/t;
ASX wheat Jul contract, was down A$2 to A$378/t;
US DWI Cash (durum wheat index) was up 3.67c/bu 814.41c/bu;
1CWAD (Canadian durum) avg reg was unchanged to C$401.59/t;
EDW (EU durum) Sep contract, was up €0.5/t to €356.5/t;
Chicago corn Jul was down 11.2c/bu to 581.2c/bu;
MATIF corn Jun, was down €2.5/t to €226.75/t;
Soybeans Jul contract down 36.6c/bu to 1364c/bu;
Winnipeg canola Jul was down C$1.6/t to C$729.2/t;
MATIF rapeseed Aug contract, was down 14.5/t to €408.75/t;
Brent crude Jul was down US$0.32 per barrel to $74.91;
WTI crude Jun was down US$0.25 per barrel to $70.86;
BDI Baltic Dry Index was down 46 points to 1.476;
Dow Jones was down 336.46 points to 33.012,14;
S&P 500 was down 26.38 points to 4.109,90;
NASDAQ Composite down 22.16 points to 12.343,05;
US dollar index (Jun ’23) was up 0.133 to 102.404;
AUD/USD weaker at US$0.6655;
USD/CAD firmer at $1.3478;
EUR/USD weaker at $1.0862;
USD/RUB firmer at ₽80.4650.
