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Daily Market Wire – January 31, 2023

Oilseeds markets gained around 2pc to start the week.

Corn and winter wheat prices also firm.

Oil markets fell more than 2pc ahead of the Fed meeting, along with a strengthened USD.

On Wall St. the main indexes slipped on weakness in tech and energy stocks.

Notably, Chicago wheat Mar contract was up US2.4 cents to 752.4c/bu;

Kansas wheat Mar contract was up 4.4c/bu to 873.6c/bu;

Minneapolis wheat Mar contract unchanged to 921.4c/bu;

MATIF wheat Mar contract was up €1.5/t to €287.5/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 up 0.14c/bu to 905.61c/bu;

1CWAD (Canadian durum) avg reg was down C$0.73/t to C$455.57/t;

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

Chicago corn Mar contract up 0.6c/bu to 683.6c/bu;

Soybeans Mar contract up 25.6c/bu to 1535.2c/bu;

MATIF corn Mar contract was up €1.25/t to €280/t;

Winnipeg canola Mar contract, was up C$20.2/t to C$827.9/t;

MATIF rapeseed Feb contract was up €4.25/t to €548.5/t;

Brent crude Apr was down US$1.90 per barrel to $84.50;

WTI crude Mar was down US$1.78 per barrel to $77.90;

BDI Baltic Dry Index was up 4 points to 680;

Dow Jones was down 260.99 points to 33.717,09;

S&P 500 was down 52.70 points to 4.017,77;

NASDAQ Composite down 227.90 points to 11.393,81;

US dollar index (Mar ’23) was up 0.365 to 102.086;

AUD/USD weaker at US$0.7059;

USD/CAD firmer at $1.3384;

EUR/USD weaker at $1.0844;

USD/RUB firmer at ₽70.4050.

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