Grain futures closed sharply lower in Chicago Thursday with the dollar index rising 0.91 percent.
Corn was off 35 12/4 to 35 3/4, soybeans were off 35 1/4 to off 37 1/4, wheat was off 33 to off 35 1/4 and oats were 0ff 12 to off 13.
Corn futures turned lower with pressure from the stronger dollar and growing concern that a second recession was a serious possibility. Egypt announced a major purchase from Russia Thursday, while Argentina estimated a yield off up to 13 million metric tons, down from 14.7 million in 2010. Soybean prices closed lower with a disappointing report on manufacturing in China, a major soybean buyer,