Grain and soy markets began the new week with solid gains after the post-Thanksgiving weakness, fueled by the new COVID variant. However, with little news to drive the markets, all three major ag futures markets went into freefall, led by wheat.
December corn closed down 5 3/4 cents per bushel and March corn was down 9 1/2 cents. January soybeans closed down 11 1/4 cents and March soybeans were down 11 cents. March KC wheat closed down 11 3/4 cents, March Chicago wheat was down 18 cents and March Minneapolis wheat was down 3 1/4 cents.
The December U.S. Dollar Index is trading up 0.246 at 96.350. The Dow Jones Industrial Average is up 301.16 points at 35,200.50. December gold is down $4.20 at $1,781.30, December silver is down $0.36 at $22.75 and December copper is up $0.0560 at $4.3395. January crude oil is up $1.36 at $69.51, January heating oil is up $0.0485, January RBOB is up $0.0421 and January natural gas is down $0.628.