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 +

Midwest Temps Dip; Frost Chances Remain Low By: 09/11/2014 @ 6:29am The system that brought monsoon-type rainfall to parts of the Midwest over the last few days has…

Don't Neglect Safety This Harvest By: 09/10/2014 @ 8:57am Harvest is here (or close, depending on your location). It's about the craziest time of the…

Storing Grain Outside This Fall? Keep It Dry… By: 09/10/2014 @ 6:51am If crop output projections reach fruition this fall, there could be a lot of corn and soybeans…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Improving Soil Health