US farm markets were mixed, but mostly lower on Tuesday.
Corn prices, indeed, saw Jul rising by 0.55%, while Sep settled with a penny loss.
Soybeans were mostly higher, as July closed up another 0.73%, and Sep was in the red just by 4 cents.
Soymeal ended with 0.6% to 0.86% losses, and soy oil closed off the lows limiting the session losses to just -0.1%.
Wheat prices were mostly lower, as Chicago SRW rose by +1.13%, meanwhile, Kansas City HRW fell by -0.71%, and MGEX HRS dropped by -0.53%.
In Europe, grain prices eased slightly, both in future and physical markets, as Algerian tender highlighted Russian export competitiveness, while showers in France have secured the crop.
Oil prices eased on weaker Chinese demand picture, and increasing crude supplies both from Iran and Russia.
The Baltic Exchange’s main sea freight index in London edged higher 1.2%, supported by capesize segment.
On Wall Street, US stock indexes fell back ahead of Powell’s congressional testimony, due disappointing news from China, and U.S. housing news.
The DXY rose 0.28%, on better-than-expected U.S. housing news, and weakness in stocks.
Notably, Chicago wheat July contract was up 7.6c/bu to 695.6c/bu;
Kansas wheat Jul contract was down 6c/bu to 836c/bu;
Minneapolis wheat Jul contract was down 4.4c/bu to 849c/bu;
MATIF wheat Sep contract, was down €2/t to €239/t;
ASX wheat Jul contract, up A$1/t to A$386/t;
Black Sea wheat Jul contract was down $1.25/t to $237/t;
US DWI Cash (durum wheat index) was unchanged to 785.29c/bu;
1CWAD (Canadian durum wheat) avg reg was up C$0.09/t to C$391.35/t;
EDW (EU durum) Sep contract, was unchanged to €362.75/t;
Chicago corn Jul was up 3.4c/bu to 643.6c/bu;
MATIF corn Aug was down €0.5/t to €241.75/t;
Soybeans Jul contract up 10.60c/bu to 1477.2c/bu;
Winnipeg canola Jul was down C$0.10/t to C$745.50/t;
MATIF rapeseed Aug contract, was down €0.5/t to €468.75/t;
Brent crude Aug was down US$0.71 per barrel to $75.90;
WTI crude Aug was down US$0.74 per barrel to $71.19;
BDI Baltic Dry Index was up 13 points to 1.078;
Dow Jones was down 245.25 points to 34.053,87;
S&P 500 was down 20.88 points to 4.388,71;
NASDAQ Composite down 22.28 points to 13.667,29;
US dollar index (Sep ’23) was up 0.287 points to 102.125;
AUD/USD weaker at US$0.6784;
USD/CAD firmer at $1.3234;
EUR/USD weaker at $1.0918;
USD/RUB firmer at ₽83.8468.
