Corn closed mixed on Wednesday with everything except the nearby contract falling lower amid falling crude oil, a firmer dollar and "ideal" conditions in the Midwest for pollination. Soy futures also sagged in the new crop months and wheat closed lower as crude oil fell nearly 6 percent, China's stock market tumbled 5 percent, U.S. equities declined and the dollar climbed against a basket of currencies. Traders cited several reasons for soy and grains to come under pressure, including nervousness about Commodity Futures Trading Commission hearings in Washington aimed at tightening regulation of speculators in the markets.
Chris Spurlock
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