Grains take a hit as dollar gains

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CHICAGO, Sept. 26 (UPI) -- Grain futures slid hard Wednesday on the Chicago Board of Trade as concerns over the euro gave the U.S. dollar a lift.

Corn was off 18 3/4 to off 19 1/4 soybeans were off 38 1/2 to off 44 3/4, wheat was off 14 1/2 to off 17 1/4 and oats were off 2 1/4 to off 3 1/2.

Corn prices lost ground as yields rose on benchmark bonds in Spain and Italy, which helped the dollar gain strength, putting pressure on commodities.

Corn and soybeans moved to 12-week lows, with extra pressure provided by the rush to harvest.

After the summer's drought, farmers are rushing the harvest, but also rushing grains to market, which has accelerated the normal pattern of fall supplies weighing on prices.

Wheat prices have been following corn and soybeans, as they are tied together in animal feed markets.

The prices:

Corn: Dec 7.24 3/4 off 19, Mar 7.28 1/2 off 19, May 7.26 3/4 off 19 1/4, Jly 7.21 1/2 off 18 3/4.

Soybeans: Nov 15.73 off 38 1/2, Jan 15.74 1/4 off 40, Mar 15.31 3/4 off 44 3/4, May 14.88 1/4 off 37 3/4.

Wheat: Dec. 8.69 1/42 off 17 1/4, Mar 8.81 1/4 off 17, May 8.83 3/4 off 15 1/4, Jly 8.46 off 14 1/2.

Oats: Dec 3.75 off 3 1/4, Mar 3.80 1/2 off 3 1/2, May 3.82 1/4 off 2 1/4, Jly 3.80 1/2 off 2 1/4.