Home / News / Crops news / Grains called to open lower

Grains called to open lower

Jeff Caldwell 10/19/2010 @ 8:03am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The U.S. Dollar index continues to strengthen and China's raising lending rates, a combination that continues to put the CME Group grains under pressure.

Early calls for the grains are:

  • Corn: 6-8 lower

  • Soybeans: 12-15 lower

  • Wheat: 9-11 lower

In overnight trading, December 2010 corn futures traded 5 1/4 cents lower to $5.52 per bushel, while November soybeans were 14 cents lower at $11.70, according to Barchart.com. December wheat ended the overnight session 8 1/4 cents lower at $6.81 3/4 per bushel.



The trip-up is largely due to the continued surge in the U.S. Dollar index, as well as a move by Chinese officials to raise that nation's bank lending rates, which could lead to a pullback in consumption, according to a Dow Jones Newswires report.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Another Rough Winter? Farmers' Almanac… By: 08/27/2014 @ 7:30am Not again! A year ago, the Farmers' Almanac, which has been around for almost two centuries…

Easing Farmland Values No… By: 08/26/2014 @ 2:23pm Just because the land market has leveled off from its meteoric rise of the last few years…

Sudden Death Syndrome Popping Up in Midwest… By: 08/26/2014 @ 7:11am The ample moisture in the last week or so in parts of the Corn Belt has been a boon for corn and…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Crop Ratings Weigh on Farm Markets