Overnight Markets

Overnight grains are steadier on eCBOT with soybeans 10-13c higher, wheat up 2-3c and corn around 2c firmer.

A weaker dollar is helping support the grains complex on ideas that it will help make US commodities more competitive on the export front.

Crude is higher China’s central bank cut interest rates for the fourth time in ten weeks to boost slowing economic growth.

At 9.45GMT December crude was up half a dollar at $51.27/barrel.

Crude oil stocks data due out later today is expected to show US inventories continuing to rise, as US motorists cut back on consumption despite recent price declines.