DAILY MARKET WIRE
September 5, 2023 – Market Update
The comment
US and Canadian markets were closed on Monday, in observance of the federal Labor Day holiday …
Brazilian farmers had harvested 88% of the safrinha area planted, by Aug. 31.
Recent rainfall over Argentina’s agricultural heartland has brought significant relief to the wheat crop in particular.
European wheat prices drifted down, hitting its lowest in about seven weeks …
Turkish President said on Monday that it would soon be possible to revive the grain deal.
Ukraine will bring the case against Poland and the EU to the World Trade Organization, if they fail to lift restrictions on its agricultural exports to the bloc this month, an official said.
According to the RusGrain Union, August 2023 Russian grain export reached a 7-year high.
Indonesia has set its crude palm oil reference price for the Sept. 1-15 period.
ABARES September Crop Report pegged Australian wheat production at 25.4Mt.
Brazilian farmers had harvested 88% of the safrinha area planted, by Aug. 31.
Recent rainfall over Argentina’s agricultural heartland has brought significant relief to the wheat crop in particular.
European wheat prices drifted down, hitting its lowest in about seven weeks …
Turkish President said on Monday that it would soon be possible to revive the grain deal.
Ukraine will bring the case against Poland and the EU to the World Trade Organization, if they fail to lift restrictions on its agricultural exports to the bloc this month, an official said.
According to the RusGrain Union, August 2023 Russian grain export reached a 7-year high.
Indonesia has set its crude palm oil reference price for the Sept. 1-15 period.
ABARES September Crop Report pegged Australian wheat production at 25.4Mt.
The markets
US and Canadian markets untraded.
MATIF wheat Dec contract, was down €1/t to €234/t;
ASX wheat Jan 24, was up A$7/t to A$410/t;
Black Sea wheat Dec contract was not quoted;
1CWAD (Canadian durum wheat) avg spot prices was down C$0.9/t to C$507.19/t;
EDW (EU durum) Dec contract, was down €15.25/t to €421/t;
MATIF corn Nov was down €0.75/t to €211.75/t;
MATIF rapeseed Nov contract, was down €8.25/t to €465.25/t;
Brent crude Nov was up US$0.45 per barrel to $89.00;
BADI (Baltic Dry Index) was up 18 points to 1.083;
AUD/USD firmer at US$0.6460;
USD/CAD firmer at $1.3590;
EUR/USD firmer at $1.0794;
USD/RUB firmer at ₽96.8510.
MATIF wheat Dec contract, was down €1/t to €234/t;
ASX wheat Jan 24, was up A$7/t to A$410/t;
Black Sea wheat Dec contract was not quoted;
1CWAD (Canadian durum wheat) avg spot prices was down C$0.9/t to C$507.19/t;
EDW (EU durum) Dec contract, was down €15.25/t to €421/t;
MATIF corn Nov was down €0.75/t to €211.75/t;
MATIF rapeseed Nov contract, was down €8.25/t to €465.25/t;
Brent crude Nov was up US$0.45 per barrel to $89.00;
BADI (Baltic Dry Index) was up 18 points to 1.083;
AUD/USD firmer at US$0.6460;
USD/CAD firmer at $1.3590;
EUR/USD firmer at $1.0794;
USD/RUB firmer at ₽96.8510.
