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 +

Cool, Dry Corn Belt Conditions to Persist --… By: 07/30/2014 @ 8:48am As cooler-than-normal temperatures continue to keep crop stress at bay in the absence of measurable…

Rain Chances, Global Tumult Sink Grains… By: 07/29/2014 @ 2:57pm After a higher day for corn and soybean futures on Monday, it was a Turnaround Tuesday that saw all…

Risk Management, Farm Policy Critical During… By: 07/29/2014 @ 2:01pm The business of raising corn, soybeans, and wheat isn't what it was a couple of years ago. Now…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Trumps Demand