Home / News / Business news / Dollar's strength sinks grains Thursday

Dollar's strength sinks grains Thursday

Jeff Caldwell 10/21/2010 @ 3:18pm 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

Dollar manipulation 10/23/2010 @ 12:19pm Our dollar value is in the hands of the wrong people. it has zero stable value (our biggest fear "the unkown") and is being politically used by the executive branch for there benefit.

Report Abuse Reply
MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: A look at the technicals
MORE FROM JEFF CALDWELL more +

Farm incomes weakening -- Fed study By: 05/16/2013 @ 8:47am There have been signs here and there lately that may indicate a reversal in the years-long climb in ...

A farmer's Father's Day By: 05/15/2013 @ 1:31pm Father's Day is right around the corner! If you've got a father to shop for and he's ...

Rain delays & weed control challenges By: 05/15/2013 @ 7:42am Much of the Corn Belt has seen a return to better corn-planting weather over the last few days ...