Home / Markets / Markets Analysis / Corn market / Grains lower on U.S. Dollar index reversal

Grains lower on U.S. Dollar index reversal

Jeff Caldwell 10/18/2010 @ 11:40am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The U.S. Dollar index has turned higher Monday, sending the CME Group grains lower.

At mid-day, December 2010 corn futures were 4 3/4 cents lower at $5.58 1/4 per bushel while November soybeans were $11.79 1/2, down 5 1/2 cents, according to private sources. December wheat was 11 1/2 cents lower at $6.93 per bushel.

Lower-than-expected export numbers were responsible for spillover bearish pressure on the grains moving into Monday's trade. Add to that a reversal in the U.S. Dollar index, and that pressure is growing.

"The U.S. Dollar index has reversed higher, taking the tailwind for commodities with it," says market analyst John Roach.



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]