US farm markets were mixed again on Wednesday, but mostly lower.
Corn prices continued to trend higher, up 1.69% for the session.
The soybean complex was narrowly mixed, with beans up 0.15%, meal slumping by 1.03%, while soyoil lifted +0.50%.
Wheat prices, meantime, suffered a severe setback, with Chicago SRW dropping 2.57% lower, Kansas City HRW tumbled 3.48%, and MGEX HRS falling 2.65%.
In Europe, wheat prices gave up most gains of the previous day, while rapeseed rose in the wake of palm oil.
Oil prices gained 2% on falling U.S. stockpiles, and Saudi warning.
The Baltic Exchange’s main sea freight index in London logged its 10th consecutive decline, down 3.9%.
On Wall Street, US stock indexes closed moderately lower, as talks to lift the U.S. debt ceiling are at an impasse.
The DXY rose by +0.40% and posted a 2-month high, on liquidity demand as stocks slumped.
Notably, Chicago wheat July contract was down 16c/bu to 606.2c/bu;
Kansas wheat Jul contract was down 29.2c/bu to 812.2c/bu;
Minneapolis wheat Jul contract was down 21.6c/bu to 799c/bu;
MATIF wheat Sep contract, was down €4.25/t to €222.5/t;
BlackSea wheat June contract was down $2.75/t to $261/t;
ASX wheat Jul contract, was up A$9.5/t to A$381.5/t;
US DWI Cash (durumwheat index) was up 1.18c/bu to 806.47c/bu;
1CWAD (Canadian durum) avg reg was up C$0.22/t to C$402.29/t;
EDW (EU durum) Sep contract, was up €2.5/t to €355.5/t;
Chicago corn Jul was up 9.6c/bu to 587.2c/bu;
MATIF corn Jun, was up €0.5/t to €218.75/t;
Soybeans Jul contract up 2c/bu to 1324.4c/bu;
Winnipeg canola Jul was down C$3.5/t to C$698.1/t;
MATIF rapeseed Aug contract, was up 5.75/t to €399/t;
Brent crude Jul was up US$1.52 per barrel to $78.36;
WTI crude Jul was up US$1.43 per barrel to $74.34;
BDI Baltic Dry Index was down 53 points to 1.295;
Dow Jones was down 255.59 points to 32.799,92;
S&P 500 was down 30.34 points to 4.115,24;
NASDAQ Composite down 76.08 points to 12.484,16;
US dollar index (Jun ’23) was up 0.414 points to 103.799;
AUD/USD weaker at US$0.6544;
USD/CAD firmer at $1.3594;
EUR/USD weaker at $1.0749;
USD/RUB firmer at ₽80.2102.
