DAILY MARKET WIRE
July 5, 2023 – Update
In Europe, grain prices rose in light trade, supported by renewed speculation the Black Sea grain corridor won’t be extended.
While rapeseed eased about 2%.
Oil prices rose 2% as market weighed supply cuts against economic outlook.
The Baltic Exchange’s main sea freight index in London fell to its lowest level in nearly four weeks, falling another 2.3%.
ASX wheat Sep contract, was down $2.5/t to A$381.5/t;
1CWAD (Canadian durum wheat) avg reg was up C$2.25/t to C$390.23/t;
EDW (EU durum) Sep contract, was unchanged to €352.5/t;
MATIF corn Aug was up €1.25/t to €225.75/t;
Winnipeg November canola contract was up C$3/t to C$739.40/t;
MATIF rapeseed Aug contract, was down €10.5/t to €449.50/t;
Brent crude Sep was up US$1.60 per barrel to $76.25;
BADI (Baltic Dry Index) was down 24 points to 1.044;
AUD/USD firmer at US$0.6690;
USD/CAD weaker at $1.3222;
EUR/USD weaker at $1.0878;
USD/RUB firmer at ₽90.9876.