Corn: 8 to 10 cents lower; China expected to tame inflation.
Wheat: 6 to 8 cents lower; dollar strength.
Soybeans: 25 to 30 cents lower; concerns about Chinese demand.
Meal: $4 to $6 lower; light spillover from beans.
Soyoil: 100 to 150 points lower; spillover from beans, crude oil.

Grain futures faced sharp pressure in overnight trade on reports China may use price controls to curb inflation. Traders fear the price controls would slow demand for U.S. goods. There is also talk the country has been stockpiling supplies to get through a tough period like this, but a strong crushing pace signals demand for commodities is "real."
The dollar is stronger again this morning, which is expected to add to the pressure. The U.S. dollar index is testing the October high. A close above this level and followthrough tomorrow would suggest a near-term low has been posted.
Meanwhile, USDA announced a daily soybean sale of 119,000 MT to unknown destinations, with 9,000 MT for the current marketing year and 110,000 MT for 2011-12.
At first glance, yesterday’s USDA condition report showed improvement in the crop, but once plugged into our weighted table, it showed slight
deterioration in both the SRW and HRW crops. But traders are giving this little mention this morning as focus is on outside markets.

Bron:CME