Corn, soybeans and soybean meal were under pressure for much of Monday, with corn bouncing back near unchanged and soybeans and meal finishing with solid losses. There was not a lot of news to drive the markets Monday, other than continued fallout from the new COVID variant and still-weak soybean demand.
GENERAL COMMENTS:
December corn closed down 2 1/2 cents per bushel and March corn was down 1/2 cent. January soybeans closed down 5 3/4 cents and March soybeans were down 4 3/4 cents. March KC wheat closed down 1 3/4 cents, March Chicago wheat was up 2 1/2 cents and March Minneapolis wheat was up 7 1/4 cents.
The December U.S. Dollar Index is trading up 0.181 at 96.295. The Dow Jones Industrial Average is up 726.31 points at 35,306.39. February gold is down $3.30 at $1,780.60, March silver is down $0.18 at $22.30 and March copper is up $0.0740 at $4.3410. January crude oil is up $2.96 at $69.22, January heating oil is up $0.0681, January RBOB is up $0.0877 and January natural gas is down $0.478.
