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Print Print edition: 2011-11-02

US MIDDAY: wheat and corn fall

Published Updated

US wheat and corn fell for the second day on Tuesday and soya hit a 3-week low, pressured by fresh eurozone fears after Greece's call for a referendum on its bailout package as well as a panicky reaction to futures trader MF Global's bankruptcy fallout.
The dollar soared nearly 2 percent, crude oil fell almost 3 percent and the Dow stock market index plunged over 2 percent as Greek government faced possible collapse on Tuesday.
At 11:30 am CDT (1630 GMT), Chicago Board of Trade December wheat was down 7 cents per bushel at $6.20-1/4, December corn was down 6-1/2 at $6.40-1/2 and January soyabeans were down 21 at $11.96-1/4. Dealers continued to monitor news on MF Global. Trading in Australian grain futures and options was suspended on bourse operator ASX Ltd's futures platform following the collapse of MF Global.

Copyright Reuters, 2011

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