Overnight Grains Lower
Overnight grains are lower on the eCBOT session with beans down around 17c, wheat 5-6c easier and corn 6-7c lower.
Follow-though from last night's weaker close, a firm dollar and falling crude oil prices are behind the decline.
Crude has dipped below $70/barrel this morning, having lost more than $5 the last two sessions, on the back of falling demand from the US and China in particular.
The dollar is also sharply high this week which will not help US export prospects at a time when world demand is already under threat from the global financial crisis.
Rain, particularly in the western Corn Belt is seen delaying the harvest there, which may provide some support.
Follow-though from last night's weaker close, a firm dollar and falling crude oil prices are behind the decline.
Crude has dipped below $70/barrel this morning, having lost more than $5 the last two sessions, on the back of falling demand from the US and China in particular.
The dollar is also sharply high this week which will not help US export prospects at a time when world demand is already under threat from the global financial crisis.
Rain, particularly in the western Corn Belt is seen delaying the harvest there, which may provide some support.