Chicago Board of Trade grain and soy complex at 9:50 a.m. CST (1550 GMT) on Tuesday. China plans price controls to tackle food inflation; crackdown on speculation in agricultural commodities. December wheat down 16 cents per bushel at $6.56-3/4. Fell as the dollar rose amid concerns about China's plans to control food inflation and crack down on speculation in agricultural commodities.
USDA late on Monday said 46 percent of the US winter wheat crop was in good to excellent condition, up from 45 percent a week ago and down from 64 percent a year ago. USDA said 87 percent of the crop had emerged, up from 82 percent a week ago and above the 85 percent five-year average. Mid-November crop ratings for US wheat hit 10-year low. December corn down 13 cents per bushel at $5.42-1/2. January soyabeans down 41-1/2 cents per bushel at $12.45. Pressure from long-liquidation amid a firm dollar and China's plans to tame inflation and crack down on speculation. CBOT January last down 28-1/2 cents per bushel at $12.58 in Globex trade.
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