Futures Lower as Dollar Surges

Grain, soybean futures lower as U.S. dollar surges, crude oil slumps amid growing economic uncertainty.

grain calls
grain calls
(Commodity Update)

Corn: 12 to 15 cents lower.

Soybeans: 14 to 18 cents lower.

Wheat: 12 to 18 cents lower.

Cattle: Steady-weaker

Hogs: Steady-mixed

Grain and soybean futures fell overnight as the crude oil dropped to an eight-month low and the U.S. dollar surged to a new 20-year high amid escalating concerns over the global economy. Malaysian palm oil futures fell 2.4% after a leading analyst warned prices would plunge by more than 30% by the end of this year. Front-month crude oil is down nearly $3, falling to just above $80. U.S. stock index futures signal a weaker open and the U.S. dollar index is up more than 800 points.