eCBOT Close/Early Call

eCBOT grains closed sharply lower overnight Monday influenced by a broad-based sell-off in the commodities markets.

Corn and wheat closed around 15-17c lower, with soybeans off around 30c.

A sharply higher dollar was also a negative feature.

Commodities fell, led by oil, copper and lead, on concern the U.S. plan to spend $700 billion propping up America's banks will fail to unlock credit markets and avert a slowdown in the world's largest economy.

Early calls for this afternoon's session: Corn is expected to open 15 to 17 lower; soybeans 28 to 32 lower; wheat 15 to 17 lower.