Corn ends lower on strong dollar

Corn prices fell on Wednesday, as the US dollar continued to rally against its major peers, which comes after the stability of agricultural commodities in the Chicago Merch yesterday.

The US Department of Agriculture reported on Monday that US farmers had finished harvesting 6% of soybean crops and 8% of corn crops.

The USDA confirmed that the US sold 266,000 tonnes of soybean to China, and 264,000 to other undisclosed parties, and confirmed that the US sales of corn to China and other countries are continuing.

The dollar index rose against a basket of currencies by 0.3% to 94.2 points as of 20:56 GMT, after it hit a high of 94.3 and a low of 93.9.

Corn December futures fell 0.2% to close at $3.68 a bushel, after hitting today's high at $3.70 and the low at $3.65.