Grain futures have fallen today, June 24, with market players expecting the release of the U.S. Department of Agriculture’s (USDA) weekly update on planting progress later in the day. Grain prices have been struggling also due to a broadly stronger U.S. dollar underpinned by the U.S Federal Reserve's intention to slow down the pace of its bond-buying programme.
On the Chicago Board of Trade (CBOT) the corn price for December delivery traded 1.71 percent down at 5.4675 a bushel as of 12:50 GMT. The September contract shed as much as two percent to $5.7988 a bushel, the lowest level since June 25, 2012.
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