US farm markets faced a fairly quiet session on Thursday.
Corn prices, indeed, inched 0.08% higher, and soybean lifted 0.02%.
Both soymeal and soyoil trended slightly lower, easing by 0.07% and 0.3% respectively.
Wheat prices, meantime, made moderate inroads, with focus on extension of Black Sea shipping deal, while tensions between Russia and Ukraine remain elevated.
Thus Chicago SRW added 0.82%, Kansas City HRW rose 1.69%, and MGEX HRS gained 1.06%.
In Europe, due geopolitical risk premium’s, September wheat recovered about 4% from Tuesday close.
Rapeseed, although remains penalized by the weakness of oil, found support from palm oil rebound.
Oil prices settled narrowly mixed on smaller ECB interest rate hike, and lingering demand concerns.
The Baltic Exchange’s main sea freight index in London lost 0.8%.
On Wall Street, US stock indexes, tumbled as liquidity concerns rout regional bank stocks.
The DXY rose by +0.07%, with the dollar recovering from a 1-week low, as weakness in stocks sparked liquidity demand.
Notably, Chicago wheat July contract was up 5.2c/bu to 645c/bu;
Kansas wheat Jul contract was up 13.2c/bu to 798.2c/bu;
Minneapolis wheat Jul contract was up 8.4c/bu to 812c/bu;
MATIF wheat Sep contract, was up €4.75/t to €239.75/t;
Black Sea wheat June contract was up $0.75/t to $275.25/t;
ASX wheat Jul contract, was up A$3 to A$375/t;
US DWI Cash (durum wheat index) was up 0.73c/bu to 807.79c/bu;
1CWAD (Canadian durum) avg reg was down C$2.1/t to C$429.25/t;
EDW (EU durum) Sep contract, was unchanged to €364.25/t;
Chicago corn Jul up 0.4c/bu to 589c/bu;
MATIF corn Jun, was up €2.75/t to €229.25/t;
Soybeans Jul contract up 0.2c/bu to 1417.6c/bu;
Winnipeg canola Jul was down C$0.8/t to C$715.1/t;
MATIF rapeseed Aug contract, was up 1.5/t to €438/t;
Brent crude Jul was up US$0.17 per barrel to $72.50;
WTI crude Jun was down US$0.04 per barrel to $68.56;
BDI Baltic Dry Index, was down 13 points to 1.545;
Dow Jones was down 286.50 points to 33.127,74;
S&P 500 was down 29.53 points to 4.061,22;
NASDAQ Composite down 58.93 points to 11.966,40;
US dollar index (Jun ’23) was up 0.069 to 101.184;
AUD/USD firmer at US$0.6692;
USD/CAD weaker at $1.3539;
EUR/USD weaker at $1.1010;
USD/RUB weaker at ₽78.4982.
