Thursday trade starting lower
Add a bearish overnight trade to some global signals that aren't too friendly to the grains and you've got a recipe for a lower start to Thursday's CME Group grain trade.
Early calls are corn 7-10 cents lower, soybeans 10-15 lower and wheat 10-15 lower, according to ag market analyst and ICAP Energy derivitaves manager in Chicago, Scott Shellady.
The U.S. Dollar index is surging and crude oil is $1 lower early Thursday. Major drivers for the expected lower start include moves by Japan and Switzerland to weaken their currencies.