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 +

What About a One-Year Fixed Cash Land Lease? By: 11/25/2014 @ 12:08pm Don't want to lock into a multiyear fixed cash land lease, but don't want to commit to…

Get Ready For Your Next Iron Auction By: 11/25/2014 @ 9:19am Heading to a machinery auction soon? Don't go in unprepared! Used equipment prices have…

Despite Moderation, Hog Profit… By: 11/25/2014 @ 7:22am The hog market has been a good place to be in the last year. Live hog prices in the last few months…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Part 2