04 May '11, 8am

RPT-GRAINS-US corn, wheat, soy fall on firmer dollar, weather outlook

* Soft commodity complex under pressure from firmer dollar * Weather outlook key focus for U.S. corn, wheat crops * China soybeans crushers' margins squeezed * Adds detail, market comment SYDNEY, May 4 (Reuters) - U.S. corn futures extended falls on Wednesday as a stronger dollar and falling oil prices weighed on the soft commodities complex. Soybeans and wheat futures also slipped as the dollar firmed ahead of non-payrolls data on Friday that could provide fuel for a further bounce in the currency, making investors in commodities nervous. A firmer dollar makes U.S. dollar priced currencies more expensive for buyers of commodities holding other currencies. The dollar's downside momentum appeared to be easing with the currency repeatedly bouncing off three-year troughs as markets grow increasingly wary about a correction given very stretched short positions. US dollar index...

Full article: http://sg.news.yahoo.com/grains-us-corn-wheat-soy-fall-fi...

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