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 +

Cutting Postharvest Grain Losses in Brazil a… By: 08/29/2014 @ 10:06am There's growing talk in parts of the central U.S. that once the combines start to roll this…

Drought Continues to Hammer California;… By: 08/28/2014 @ 10:27am John Steinbeck and Sonora Babb painted vivid pictures of the Dust Bowl in their novels The Grapes…

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…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Holiday Profit Taking Pressures Markets