DAILY MARKET WIRE
July 5, 2023 – Update
The comment
US markets were closed on Tuesday for the Independence Day holiday.
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%.
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%.
The markets
MATIF wheat Sep contract, was up €1.75/t to €228/t;
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.
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.
