Home / Markets / Markets Analysis / Corn market / China, U.S. Dollar send grains diving

China, U.S. Dollar send grains diving

Jeff Caldwell 11/16/2010 @ 11:06am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Corn and soybeans are in a freefall on the CME Group trading floor Tuesday morning, with both trading sharply lower and taking wheat along for the ride.

At mid-day, December corn is 26 3/4 cents lower at $5.28 3/4 per bushel, while January soybeans are 65 cents lower at $12.21 1/2, according to Barchart.com. December wheat is 39 3/4 cents lower at $6.33 per bushel.

China's monetary policy remains the underlying force behind Tuesday's dive, while gaining strength in the U.S. Dollar index is chipping in, too, according to a Dow Jones Newswires report.



CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Friday… By: 01/30/2015 @ 6:35am Grains seen 'quietly' moving higher Friday. The overnight session saw the grain markets…

3 Things to Watch This Morning, Thursday… By: 01/29/2015 @ 6:18am Another day, another set of market factors hitting the grains. The grain markets are lower heading…

Farm Operating Loans on the Rise -- Fed By: 01/28/2015 @ 2:50pm The switch has been flipped.A couple of years ago, farm lending for big-ticket purchases -- fueled…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Senator Grassley and his Mower
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]