Downward trend in equities continues after Memorial Day break
As a downward trend in equities continued after the Memorial Day break, grain futures closed mostly lower on the Chicago Board of Trade on Tuesday.
Corn was off 4 1/2 to off 5, soybeans were off 5 to off 7, wheat was off 6 3/4 to off 7 and oats were up 2 3/4 to up 3 1/4.
Although prices found support from an expectation of increased demand from China, corn prices dropped.
With the dollar index rising by 0.23 percent, wheat futures tailed off late in the day.
It was also reported that Outside markets and beneficial weather forecasts weighed on soybean prices on Tuesday. (With Inputs from Agencies)