Overnight Grains Volatile

Its been a volatile overnight session on eCBOT this morning with corn trading up to 13c higher in follow-through buying from Friday's limit up move.

Concerns that Hurricane Ike will damage crops and delay harvesting also added support early in the session Monday.

However the news that Lehman Bros are to file for bankruptcy led to a general sell-off in commodities, sending corn, soybeans and wheat lower.

Corn is currently 7-8c lower, soybeans down 10-14c and wheat down 3-4c.