Overnight grains - lower across the board
Overnight grains are lower across the board Tuesday morning in the eCBOT market.
Wheat declined for a third day as the dollar strengthened, making U.S. grain less attractive to buyers overseas, and on speculation favourable weather in major producing countries will help increase harvests.
Prices lost 6.2 percent in the previous two days as rain in the southern U.S. Great Plains helped build soil moisture for plants that will be seeded starting next month.
Wheat for December delivery fell was 14 cents lower at $8.49 1/4 at 10.15am London time.
Nov soybeans are 32c lower at $13.15/bushel and Dec corn is 5 1/4c lower at $5.94 3/4.
Palm oil in Kuala Lumpur plunged as much as 6.3 percent as supplies exceed demand for cooking oil and biofuel. Soybean oil in Dalian fell as much as its 5 percent daily limit, while Chicago soybean oil for December delivery fell as much as 1.74 cents to 53.51 cents a pound.
Wheat declined for a third day as the dollar strengthened, making U.S. grain less attractive to buyers overseas, and on speculation favourable weather in major producing countries will help increase harvests.
Prices lost 6.2 percent in the previous two days as rain in the southern U.S. Great Plains helped build soil moisture for plants that will be seeded starting next month.
Wheat for December delivery fell was 14 cents lower at $8.49 1/4 at 10.15am London time.
Nov soybeans are 32c lower at $13.15/bushel and Dec corn is 5 1/4c lower at $5.94 3/4.
Palm oil in Kuala Lumpur plunged as much as 6.3 percent as supplies exceed demand for cooking oil and biofuel. Soybean oil in Dalian fell as much as its 5 percent daily limit, while Chicago soybean oil for December delivery fell as much as 1.74 cents to 53.51 cents a pound.
