Overnight grains lower

The overnight eCBOT market is slightly lower this morning with corn around 3c easier, wheat 1-3c down and soybeans off around 6c.

Crude is under pressure after dropping 3.3 percent the past two days following a government report showing that US fuel demand declined to the lowest in almost five years last week.

Concerns about slowing world growth and worries over the will-they-won't-they proposed US rescue plan for the financial markets is also prompting some liquidation in commodities.