Markets
CBOT grains seen extending losses in Chicago trade
CHICAGO : Chicago Board of Trade corn, wheat and soybean futures were expected to extend their overnight losses in Ch
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CBOT corn and wheat were expected to open 15 to 20 cents per bushel lower and soybeans 10 to 15 cents lower.
In overnight electronic trading, corn futures were down 9 to 11 cents; wheat down 1-1/2 to 2 cents and soybeans 1 to 2 cents lower.
Traders attributed the expected declines in CBOT grains in Chicago trading to a soaring dollar, a 4.5 percent slump in crude oil futures and a drop in equities futures.
Copyright Reuters, 2011