Home / Markets / Markets Analysis / Corn market / Grains slide early Thursday

Grains slide early Thursday

02/03/2011 @ 10:18am

CHICAGO, Illinois (Agriculture.com)--A strengthening U.S. Dollar is pulling the CME Group grain markets down Thursday.

At the open, the March corn futures are 2 1/2 cents lower at $6.66 3/4. The March soybean contract opened steady at $14.44.  The March wheat futures opened 13 3/4 cents lower at $8.49 1/2. March soybean meal futures opened $0.10 lower per short ton at $386.80. The March soyoil futures opened $0.02 higher at $59.27.

In the outside markets, the NYMEX crude oil is $0.58 per barrel lower, the dollar is higher, and the Dow Jones Industrials are down 26 points.

The stronger dollar is trumping the friendly Export Sales Report Thursday, analysts say.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Soybean Markets Start May Lower By: 05/01/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--On Friday, ideal planting weather, a failed Argentine strike…

Soybean, Wheat Markets Seen Up Friday By: 05/01/2015 @ 7:11am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Farm Markets To Push Higher Thursday By: 04/30/2015 @ 7:07am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Disc openers
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]