Daily Market Wire – January 27, 2023

Grain prices surged in both US & EU markets on Thursday.

Strong export demand for all three US commodities, underpinned markets.

Notably, Chicago wheat Mar contract was up US11.2 cents to 752.4c/bu;

Kansas wheat Mar contract was up 21.4c/bu to 864.6c/bu;

Minneapolis wheat Mar contract up 8.4c/bu to 918c/bu;

MATIF wheat Mar contract was up €4.25/t to €288.75/t;

Black Sea wheat Mar contract was down $0.25/t to $305.75/t;

ASX wheat March contract, the market was closed;

US DWI Cash (durum wheat index) was down 1.06c/bu to 906.36c/bu;

1CWAD (Canadian durum) avg reg was up C$1.63/t to C$456.65/t;

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

Chicago corn Mar contract up 7.6c/bu to 682.4c/bu;

Soybeans Mar contract up 21c/bu to 1523.4c/bu;

MATIF corn Mar contract was up €3.75/t to €278.5/t;

Winnipeg canola Mar contract, was up C$5.6/t to C$806.1/t;

MATIF rapeseed Feb contract was up €15.5/t to €546/t;

Brent crude Mar was up US$1.35 per barrel to $87.47;

WTI crude Mar was up US$0.86 per barrel to $81.01;

BDI Baltic Dry Index was down 26 points to 677;

Dow Jones was up 205.57 points to 33.949,41;

S&P 500 was up 44.21 points to 4.060,43;

NASDAQ Composite up 199.06 points to 11.512,41;

US dollar index (Mar ’23) was up 0.222 to 101.638;

AUD/USD firmer at US$0.7114;

USD/CAD weaker at $1.3320;

EUR/USD weaker at $1.0889;

USD/RUB firmer at ₽69.2650.

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