US farm markets were mixed on Thursday.
Corn prices worked mostly lower save for the July contract which was up 0.6% for the day.
Beans and meal closed red, down 0.04% and 1.24% respectively, while soybean oil was 1.08% higher at the bell.
Wheats were mixed, as the hard red classes ended in the black, with KC HRW up 0.71%, and MGEX HRS up 0.81%, while Chicago SRW ended with 0.33% losses.
In Europe grain markets were mixed but mostly flat, while rapeseed bounced back in the wake of palm oil.
Oil prices settled lower more than $2 per barrel, after Russia downplayed additional OPEC+ cuts.
The Baltic Exchange’s main sea freight index in London fell 6.2%, continuing to slump across all vessel segments.
On Wall Street US stock indexes settled mixed, as a +24% surge in Nvidia led technology stocks higher, while the resolution of the U.S. debt ceiling remained elusive.
The DXY climbed + 0.36%, as strong U.S. economic reports boosted T-note yields.
Notably, Chicago wheat July contract was down 2c/bu to 604.2c/bu;
Kansas wheat Jul contract was up 5.6c/bu to 818c/bu;
Minneapolis wheat Jul contract was up 6.4c/bu to 805.4c/bu;
MATIF wheat Sep contract, was down €0.25/t to €222.25/t;
Black Sea wheat June contract was down $1.25/t to $259.75/t;
ASX wheat Jul contract, was up A$1/t to A$382.5/t;
US DWI Cash (durum wheat index) was down 1.79c/bu to 804.68c/bu;
1CWAD (Canadian durum) avg reg was down C$0.14/t to C$402.15/t;
EDW (EU durum) Sep contract, was unchanged to €355.5/t;
Chicago corn Jul was up 3.4c/bu to 590.6c/bu;
MATIF corn Jun, was unchanged to €218.75/t;
Soybeans Jul contract down 0.4c/bu to 1324c/bu;
Winnipeg canola Jul was down C$11.9/t to C$686.2/t;
MATIF rapeseed Aug contract, was up 8/t to €407/t;
Brent crude Jul was down US$2.10 per barrel to $76.26;
WTI crude Jul was down US$2.51 per barrel to $71.83;
BDI Baltic Dry Index was down 80 points to 1.215;
Dow Jones was down 35.27 points to 32.764,65;
S&P 500 was up 36.04 points to 4.151,28;
NASDAQ Composite up 213.93 points to 12.698,09;
US dollar index (Jun ’23) was up 0.376 points to 104.175;
AUD/USD weaker at US$0.6505;
USD/CAD firmer at $1.3640;
EUR/USD weaker at $1.0725;
USD/RUB weaker at ₽80.0154.
