Back to Main AM Report: Commodities Fall As $US Rises

• Published: 2009-10-27 18:50:51

  Commodity markets were lower in Monday’s trading. A stronger $US and more positive harvest weather created bearish tones in the market.
  
  Soybeans recorded strong declines in Monday’s CBOT trade. November beans closed down 19.5c to close at 987USc/bu. A firmer $US weighed on commodities markets, and saw soybeans fall below the $10/bu support level. South American planting is well underway, and high rainfall in Brazil is raising hopes of a large crop.
  
  After dramatic falls late last week Winnipeg canola recorded gains overnight. November contracts gained $1.30, to close at CA$382/t. Strength came from delays to harvest and a weaker $Ca.
  
  Outside market pressure and an improved outlook for harvest this week say CBOT December corn futures drop 19.75c, to close at 378USc/bu. Wheat was also lower. Profit taking and bearish outside markets say wheat fall a dramatic 20.75c, and CBOT December wheat contracts closed at 531USc/bu,

  Tags: Oilseeds ,  Coarse Grain ,  Wheat ,  Commodities , 

  

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