US farm markets were mixed but mostly lower on Monday.
Corn prices eased by 0.09%.
Soybean prices improved by 0.58%, with soymeal lifting 0.28%, and soyoil picking up 0.27%.
Wheat prices suffered a blowback on improving weather conditions in the Plains, with both Chicago SRW and Kansas City HRW falling by 2.45%, while MGEX HRS dropped 1.59%.
In Europe, markets were closed due to Labour Day.
Oil prices dropped more than 1% after weak economic data from China and expectations of another U.S. interest rate hike offset OPEC+ cuts.
The Baltic Exchange in London was closed due to May Day.
On Wall Street, US stock indexes settled slightly lower on higher bond yields.
The DXY rose by +0.51% posting a 1-week high, on higher T-note yields, weakness in the yen, and stronger-than-expected U.S. construction spending and ISM manufacturing reports.
Notably, Chicago wheat July contract was down 15.4c/bu to 618.2c/bu;
Kansas wheat Jul contract was down 19c/bu to 757.2c/bu;
Minneapolis wheat Jul contract was down 12.6c/bu to 791c/bu;
MATIF wheat Sep contract, the market was closed;
Black Sea wheat June contract was unchanged to $274/t;
ASX wheat Jul contract, was down A$0.5 to A$375/t;
US DWI Cash (durum wheat index) was down 3.31c/bu to 809.26c/bu;
1CWAD (Canadian durum) avg reg was up C$0.79/t to C$434.6/t;
EDW (EU durum) Sep contract, market closed;
Chicago corn Jul down 0.4c/bu to 584.4c/bu;
MATIF corn Jun, market closed;
Soybeans Jul contract up 8.2c/bu to 1427.4c/bu;
Winnipeg canola Jul was up C$1.2/t to C$704.6/t;
MATIF rapeseed Aug contract, market closed;
Brent crude Jul was down US$1.02 per barrel to $79.31;
WTI crude Jun was down US$1.12 per barrel to $75.66;
BDI Baltic Dry Index, market closed;
Dow Jones was down 46.46 points to 34.051,70;
S&P 500 was down 1.61 points to 4.167,87;
NASDAQ Composite down 13.99 points to 12.212,60;
US dollar index (Jun ’23) was up 0.517 to 101.920;
AUD/USD firmer at US$0.6630;
USD/CAD firmer at $1.3543;
EUR/USD weaker at $1.0973;
USD/RUB weaker at ₽79.7500.
