Soyabean and corn futures on the Chicago Board of Trade tumbled early on Wednesday, under pressure from a resurgent dollar and ideas of a slowdown in China's economy, traders said. Banking authorities in China, the world's largest soy buyer, instructed some major banks to curb their lending over the rest of this month.

As of 9:39 am CST (1539 GMT), March soyabeans were down 14 cents at $9.49-1/2 per bushel, after dipping to $9.45-1/4, the lowest spot price since November 9. March corn was down 6 cents at $3.63-1/4, after hitting $3.63, the lowest spot corn price since November 2.

Copyright Reuters, 2010