US grains dropped early on Monday, with wheat falling over 2 percent for its biggest one-day decline in almost three weeks, as the dollar surged against the yen and new concerns arose over Europe's debt crisis. The Chicago Mercantile Exchange, which owns the Chicago Board of Trade, has limited all trading of MF Global customers to liquidation only, and said it no longer recognises the broker as a guarantor for floor trading privileges.
Corn dipped more than 2 percent, its biggest drop this month, and soyabeans slipped over 1 percent, dropping the most in two weeks, in nervous trading amid global economic uncertainty. At 11:48 am CDT (1648 GMT), CBOT December wheat was down 15 cents per bushel at $6.29-1/2, December corn was down 6-1/2 at $6.48-1/2 and November soyabeans were down 14 cents at $12.03.
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