DAILY MARKET WIRE
August 7, 2023 – Market Update
The comment
US farm markets were mixed on Friday.
In Saskatchewan harvest is now underway.
European wheat rebounded from a three-week low.
U.S. bank JPMorgan JPM.N last week stopped processing payments for the Russian Agricultural Bank.
Oil prices rose more than a dollar a barrel on Friday.
The Baltic Exchange’s main sea freight index in London rose.
US stock indexes fell closing out a rare losing week.
The dollar index fell.
The markets
Chicago wheat Sep contract was up 6c/bu to 633c/bu;
Kansas wheat Sep contract was down 15c/bu to 752.4c/bu;
Minneapolis wheat Sep contract was down 11.2c/bu to 822.2c/bu;
MATIF wheat Sep contract, was up €3.25/t to €235.25/t;
ASX wheat Sep contract, was up A$10/t to A$394/t;
Black Sea wheat Sep contract was up $2.25/t to $243.5/t;
US DWI Cash (durum wheat index) was up 16.25c/bu to 1,021.25c/bu;
1CWAD (Canadian durum wheat) avg reg was up C$0.46/t to C$494.41/t;
EDW (EU durum) Sep contract, was down €14.75/t to €440.75/t;
Chicago corn Sep was up 3.4c/bu to 484.2c/bu;
MATIF corn Nov was down €1.25/t to €228.25/t;
Chicago soybeans Sep contract up 5c/bu to 1387c/bu;
Winnipeg November canola contract was up C$16.6/t to C$797.5/t;
MATIF rapeseed Nov contract, was up €14/t to €473.75/t;
Brent crude Oct was up US$1.10 per barrel to $86.24;
WTI crude Sep was up US$1.27 per barrel to $82.82;
BADI (Baltic Dry Index) was up 8 points to 1.136;
Dow Jones was down 150.27 points to 35.065,62;
S&P 500 was down 23.86 points to 4.478,03;
NASDAQ Composite down 50.48 points to 13.909,24;
US dollar index (Sep ’23) was down 0.514 points to 101.836;
AUD/USD firmer at US$0.6564;
USD/CAD firmer at $1.3380;
EUR/USD firmer at $1.1008;
USD/RUB firmer at ₽95.8620.
Kansas wheat Sep contract was down 15c/bu to 752.4c/bu;
Minneapolis wheat Sep contract was down 11.2c/bu to 822.2c/bu;
MATIF wheat Sep contract, was up €3.25/t to €235.25/t;
ASX wheat Sep contract, was up A$10/t to A$394/t;
Black Sea wheat Sep contract was up $2.25/t to $243.5/t;
US DWI Cash (durum wheat index) was up 16.25c/bu to 1,021.25c/bu;
1CWAD (Canadian durum wheat) avg reg was up C$0.46/t to C$494.41/t;
EDW (EU durum) Sep contract, was down €14.75/t to €440.75/t;
Chicago corn Sep was up 3.4c/bu to 484.2c/bu;
MATIF corn Nov was down €1.25/t to €228.25/t;
Chicago soybeans Sep contract up 5c/bu to 1387c/bu;
Winnipeg November canola contract was up C$16.6/t to C$797.5/t;
MATIF rapeseed Nov contract, was up €14/t to €473.75/t;
Brent crude Oct was up US$1.10 per barrel to $86.24;
WTI crude Sep was up US$1.27 per barrel to $82.82;
BADI (Baltic Dry Index) was up 8 points to 1.136;
Dow Jones was down 150.27 points to 35.065,62;
S&P 500 was down 23.86 points to 4.478,03;
NASDAQ Composite down 50.48 points to 13.909,24;
US dollar index (Sep ’23) was down 0.514 points to 101.836;
AUD/USD firmer at US$0.6564;
USD/CAD firmer at $1.3380;
EUR/USD firmer at $1.1008;
USD/RUB firmer at ₽95.8620.
