Corn declined from the highest level in more than two months on concern that a strengthening dollar would hurt demand for supplies from the U.S., the world’s largest grower. Wheat and soybeans also fell.
Boeing Co. and Airbus SAS reasserted their dominance at the aviation industry’s largest trade expo as challengers including Bombardier Inc. failed to win any orders for single-aisle jets, the workhorses of global airline fleets.
Japanese and Australian equity futures followed U.S. stocks lower as the dollar surged after Federal Reserve Chairman Ben S. Bernanke said bond purchases may be reduced later this year should risks to the U.S. economy abate. Australia’s currency slumped while oil slid.
Emerging-market stocks slumped after Federal Reserve Chairman Ben S. Bernanke said the central bank may reduce the pace of economic stimulus later this year. Brazil’s Ibovespa and the real tumbled to four-year lows.