Home / Markets / Markets Analysis / Soybeans market / Grains expected to start lower

Grains expected to start lower

Jeff Caldwell 06/22/2011 @ 8:17am Multimedia Editor for Agriculture.com and Successful Farming magazine.

A rallying U.S. Dollar index sent grain futures downhill overnight, setting the stage for a lower open to Wednesday's CME Group trade, sources say.

Early calls for the grains are corn 3-5 cents lower, soybeans 6-10 cents lower and wheat 6-10 cents lower, according to private sources.

In overnight trading, nearby corn traded 3 1/2 cents to $7.04 per bushel while nearby soybeans were 7 cents lower at $13.41 3/4, according to Barchart.com. Nearby wheat was 7 cents lower at $6.74 1/4 per bushel.

An overnight rally in the U.S. Dollar index is primarily behind the expected lower start to Wednesday's grain trade, according to a Dow Jones Newswires report.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Economic Observations & Wheat Woes: Top… By: 04/17/2015 @ 7:24am What's on your mind this week? Spring planting is getting underway, kicking off the busy…

About Corn Planting 'Go-time' for… By: 04/16/2015 @ 2:55pm It's officially go-time -- or awfully close to it -- for planters in the Corn Belt. Farmers…

The [A] List: 3 Big Things This Morning… By: 04/16/2015 @ 6:17am Mother Nature is flipping the script for the Plains and Midwest the next few days.Rainfall has been…

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

FREE MEMBERSHIP!

CLOSE [X]