Home / Markets / Markets Analysis / Corn market / Grains called to open lower

Grains called to open lower

Jeff Caldwell 10/19/2010 @ 8:02am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The U.S. Dollar index continues to strengthen and China's raising lending rates, a combination that continues to put the CME Group grains under pressure.

Early calls for the grains are:

  • Corn: 6-8 lower
  • Soybeans: 12-15 lower
  • Wheat: 9-11 lower
In overnight trading, December 2010 corn futures traded 5 1/4 cents lower to $5.52 per bushel, while November soybeans were 14 cents lower at $11.70, according to Barchart.com. December wheat ended the overnight session 8 1/4 cents lower at $6.81 3/4 per bushel.



The trip-up is largely due to the continued surge in the U.S. Dollar index, as well as a move by Chinese officials to raise that nation's bank lending rates, which could lead to a pullback in consumption, according to a Dow Jones Newswires report.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Midwest Crop Briefs: Tuesday, August 19 By: 08/19/2014 @ 7:23am The mercury's heating up this week in the Corn Belt as expectations for this…

Corn Ratings Slip, Soybeans Bump; Light… By: 08/18/2014 @ 3:30pm Corn conditions took a slight dip, while soybean conditions moved up slightly in the last week, as…

Worried About Having Enough Grain Storage… By: 08/18/2014 @ 2:13pm As hard as it may be to believe already, corn harvest will soon be underway in the southernmost…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools: Dewalt 20-Volt MAX Grease Gun