As stocks plunged in Asia, Europe and on Wall Street, Grain futures were sharply lower on the Chicago Board of Trade on Tuesday.

Corn was off 8 1/2 to off 9, soybeans were off 6 1/2 to off 9, wheat was off 7 1/2 to off 8 1/2 and oats were off 9 1/2 to off 14.

It has been reported that Corn prices followed the lower trend in stocks that began with a forecast of slower economic growth in China.

Wheat futures closed lower in advance of the Quarterly Grain Stocks report expected on Wednesday.

Despite a report the Agriculture Minister in Japan reporting on plans to increase imports 1.5 percent above 2009, Soybean futures fell. (With Inputs from Agencies)