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CBOT grains to day's lows on technicals, disappointing exports

cornCHICAGO: Corn, wheat and soybean futures on the Chicago Board of Trade fell to the day's lows on Thursday on technical selling and disappointing weekly export data for all three commodities, traders said.


Additional pressure stemmed from risk aversion after top US Republican lawmaker John Boehner said there had been no substantive progress in the last two weeks in talks to reach a budget deal that would avert a possible recession next year.


As of 12:02 p.m. CST (1802 GMT), CBOT December wheat was down 8 cents at $8.68 per bushel, on track for its first daily loss after rising for seven straight sessions. March corn fell 5 cents to $7.59 a bushel and January soybeans were down 3/4 cent at $14.45-1/2 per bushel.


Copyright Reuters, 2012


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