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.
GENERAL COMMENTS:
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.
