CBOT Grain Futures Extend Losses as U.S. Dollar Rises
CBOT grain futures accelerated losses as the U.S. dollar reached a 19-month high, amid expectations of higher interest rates to rein in inflation. AgResourc said the stronger dollar raised the relative cost of U.S. commodities for importers.
Grains trading on the Chicago Board of Trade accelerate losses as the U.S. dollar rises to a 19-month high amid expectations of higher interest rates to rein in inflation. "A surging U.S. dollar pressured CBOT grain futures as the relative cost of U.S.
commodities increased to importers," AgResourc…