Home / Markets / Markets Analysis / Soybeans market / Dollar's strength sends grains lower

Dollar's strength sends grains lower

Jeff Caldwell 10/21/2010 @ 3:16pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

After a slightly lower start, grain prices slid further in afternoon trading, mostly on the backs of  export weakness and strength in the U.S. Dollar index.

At the close,  December 2010 corn futures were 9 1/4 cents lower at $5.64 1/4 per bushel, while November soybeans were 10 1/2 lower at $12.01 1/2 and December wheat was 14 1/4 lower at $6.68 3/4, according to Barchart.com.

Much of the late weakness, especially in the corn pit, came from both retreating export demand and a bounceback in the U.S. Dollar index, according to a report from Dow Jones Newswires.

The Dollar's resurgence Thursday sent all commodities sprawling, including crude oil, which traded down 2%.


See more commodity prices


CancelPost Comment
MORE FROM JEFF CALDWELL more +

Got the Next Big Ag Tech Idea? Take It to… By: 10/22/2014 @ 2:36pm Do you have the next big ag technology idea? Are you looking for a way to get it started toward the…

'No Major Setbacks' for Harvest… By: 10/22/2014 @ 7:49am After a few showers move through the eastern Plains and northwestern Corn Belt late this week and…

Midharvest Grain Storage Update By: 10/21/2014 @ 1:36pm What sort of shape is your corn crop in as you put it in the bin this fall? How about your…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?