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

Grains expected to start lower

Jeff Caldwell 06/22/2011 @ 8:17am Agricultural content creator and marketer.

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 +

USDA Trims Soybean Crop, Stocks; Wheat Crop… By: 06/10/2015 @ 11:11am A smaller soybean crop, a slightly corn crop and a larger wheat crop. That's what USDA…

The [A] List: 3 Big Things This Morning… By: 06/02/2015 @ 6:32am Grains trading higher; crop conditions highest we'll see this year?Grain prices were mixed…

Corn Planting Hits 95% Completion -- USDA By: 06/01/2015 @ 4:04pm For all intents and purposes, corn planting is wrapped up for this year. As of Sunday, only 5% of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-How To Terminate
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]