NEWS
DTN Before The Bell Grain Comments
Elaine Kub Contributing Analyst
Thu Jan 24, 2013 08:35 AM CST

8:30 a.m. CME Globex:Corn 4 lower, Soybeans 15 lower, Wheat 7 lower. A higher U.S. dollar index is putting pressure on several commodity markets, and soybeans in particular are experiencing losses.

Other Market:

Dow Jones: Higher
U.S. Dollar Index: Higher
Gold: Lower
Crude Oil: Higher

Corn: The U.S. dollar index is higher (back above 80) Thursday morning, and the crude oil market, which has been a benchmark of bullish commodity demand news and speculative interest, has found resistance and failed to move above $96.41 so far this session. Commercial grain traders (elevators, end users, farmers, etc.) may be as concerned ...

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