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Grains slightly lower in early trading

Jeff Caldwell 10/19/2010 @ 10:13am Agricultural content creator and marketer.

After a lower overnight trade, losses have trimmed slightly to leave the grains slightly lower in early Tuesday trading.

In early trading:

  • December 2010 corn: 2 1/4 cents lower at $5.55 per bushel
  • November 2010 soybeans: 1/4 cent lower at $11.83 3/4
  • December 2010 wheat: 6 1/4 cents lower at $6.83 3/4

"Chart watchers would like to see the December contract fill the huge gap down to $5.28/bushel" on the continued strength in the U.S. Dollar index, says Market Analyst John Roach. He adds traders are waiting on fresh news -- bearish or bullish -- for direction now that prices have adjusted to the latest news harvest progress, export sales & the Dollar).

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