Overnight grains - sharply lower as crude tumbles
Overnight grains are sharply lower Tuesday morning after Hurricane Gustav failed to do much damage in the Gulf of Mexico and was downgraded to a Cat2.
US refineries in the Gulf are expected to re-open as early as today.
Corn is around 22-24c lower this morning, with soybeans around 37c easier and wheat 18c down.
Dollar strength is also weighing on the market, along with surging global wheat production.
US refineries in the Gulf are expected to re-open as early as today.
Corn is around 22-24c lower this morning, with soybeans around 37c easier and wheat 18c down.
Dollar strength is also weighing on the market, along with surging global wheat production.
