US farm markets closed mostly higher, on Monday.
Corn prices rebounded by 1.03%.
Soybeans rose 1.77%, with soymeal ending 0.95% higher, while soyoil settled up 2.71%.
The wheat market was mixed, as Chicago SRW fell 1.23%, Kansas City HRW rose 0.87%, and MGE HRS shaded 0.29%.
Weather market isn’t over in grains, thus corn and soybeans traded higher, as dry Midwest weather and declining crop conditions kept a floor, although weekend rains in some northern crop areas lessened concerns.
Wheats, meantime, ended mixed, as weather forecasts, and Russia news, were balanced by a sluggish U.S. export demand and rising supplies from the ongoing winter wheat harvest.
In Europe we saw a mixed session, with wheat easing slightly at the bell due some profit-taking, while corn piked up.
Rapeseed, meantime, rose in the wake of canola and other oils higher.
Oil prices inched higher after political turmoil in Russia.
The Baltic Exchange’s main sea freight index in London declined after four sessions of gains.
On Wall Street, US stock indexes fell on geopolitics and weak economic news.
The DXY fell by -0.20% on slightly lower T-note yields.
Notably, Chicago wheat July contract was down 9c/bu to 724.2c/bu;
Kansas wheat Jul contract was up 7.4c/bu to 866.4c/bu;
Minneapolis wheat Jul contract was down 2.4c/bu to 862.2c/bu;
MATIF wheat Sep contract, was down €0.75/t to €246.25/t;
ASX wheat Jul contract, was up A$2/t to A$394/t;
BlackSea wheat Jul contract was unchanged to $237/t;
US DWI Cash (durum wheat index) was unchanged to 794.12c/bu;
1CWAD (Canadian durumwheat) avg reg was down C$1.06/t to C$390.16/t;
EDW (EU durum) Sep contract, was unchanged to €362.75/t;
Chicago corn Jul was up 6.4c/bu to 637.2c/bu;
MATIF corn Aug was up €1.25/t to €246.5/t;
Soybeans Jul contract up 26.4c/bu to 1521c/bu;
Winnipeg canola Jul was up C$14.60/t to C$748.6/t;
MATIF rapeseed Aug contract, was up €11/t to €442/t;
Brent crude Aug was up US$0.33 per barrel to $74.18;
WTI crude Aug was up US$0.21 per barrel to $69.37;
BDI Baltic Dry Index was down 7 points to 1.233;
Dow Jones was down 12.72 points to 33.714,71;
S&P 500 was down 19.51 points to 4.328,82;
NASDAQ Composite down 156.74 points to 13.335,78;
US dollar index (Sep ’23) was down 0.208 points to 102.334;
AUD/USD weaker at US$0.6675;
USD/CAD weaker at $1.3153;
EUR/USD firmer at $1.0906;
USD/RUB firmer at ₽84.4052.
