Daily Market Wire – February 1, 2023

Oilseeds and wheats pushed higher on Tuesday, while corn faded moderately lower.

Oil prices gained more than 1% in both NY and London benchmark’s, and stocks on Wall St. also settled higher more than 1% on Fed-friendly U.S. economic reports.

Notably, Chicago wheat Mar contract was up US8.6 cents to 761.2c/bu;

Kansas wheat Mar contract was up 5c/bu to 878.6c/bu;

Minneapolis wheat Mar contract up 0.6c/bu to 922.2c/bu;

MATIF wheat Mar contract was up €0.25/t to €287.75/t;

Black Sea wheat Mar contract was unchanged to $305/t;

ASX wheat March contract, unchanged to A$373.5/t;

US DWI Cash (durum wheat index) was down 1.64c/bu to 903.97c/bu;

1CWAD (Canadian durum) avg reg was down C$3.16/t to C$452.41/t;

EDW (EU durum) March contract was unchanged to €481/t;

Chicago corn Mar contract down 4c/bu to 679.6c/bu;

Soybeans Mar contract up 2.6c/bu to 1538c/bu;

MATIF corn Mar contract was down €0.75/t to €279.25/t;

Winnipeg canola Mar contract, was up C$4/t to C$831.9/t;

MATIF rapeseed Feb contract was up €3.25/t to €551.75/t;

Brent crude Apr was up US$0.96 per barrel to $85.46;

WTI crude Mar was up US$0.97 per barrel to $78.87;

BDI Baltic Dry Index was up 1 points to 681;

Dow Jones was up 368.95 points to 34.086,04;

S&P 500 was up 58.83 points to 4.076,60;

NASDAQ Composite up 190.74 points to 11.584,55;

US dollar index (Mar ’23) was down 0.171 to 101.915;

AUD/USD weaker at US$0.7054;

USD/CAD weaker at $1.3305;

EUR/USD firmer at $1.0862;

USD/RUB weaker at ₽69.1250.

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