Monday 16 November 2015

Wheat, corn extend losses on firm dollar

US wheat and corn futures extended their losses on Monday, in line with weaker financial markets after Friday's deadly attacks in Paris that renewed risk aversion and lifted the dollar, hurting demand for commodities priced in the greenback.

Asian stocks fell to six-week lows and emerging market currencies wilted, dragged down also by downbeat data showing Japan's economy slipped back into recession in the July-September quarter.

In grains, Chicago Board of Trade December wheat futures fell 0.66 to $4.92-1/2 a bushel after closing down 0.5% on Friday, while corn fell 0.1% to $3.58 after closing down 1%.

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