As of 9:12 a.m. CT, March corn was down a penny at $4.46¾ per bushel.
January soybeans were down 2¼¢ at $11.35½ per bushel.
March CBOT wheat was down less than a penny at $5.38 per bushel. March KC wheat was up 1¾¢ at $5.29¼ per bushel. March Minneapolis wheat was up 3¾¢ at $5.81¾.
“Traders return from the Thanksgiving holiday today, but that doesn’t mean that we return to regular trading dynamics,” said Arlan Suderman, chief commodities economist at StoneX. “The period between Thanksgiving and the New Year holiday is known for its sluggish market tendencies, although there are plenty of factors that could change that this year. We should learn a lot in the weeks ahead about China’s purchasing intentions as well as the U.S. Environmental Protection Agency’s final regulations on the biofuel program. Those two factors will set the table for whether we’re looking at a bearish commodity outlook going forward, or one that shows more upside potential.”
Ahead of 9:15 a.m. CT, January feeder cattle were down $3.05 at $320.93 per hundredweight (cwt). February live cattle were down $2.48 at $215.38 per cwt. February lean hogs were down 60¢ at $80.40 per cwt.
January crude oil was up $1.01 at $59.56 per barrel.
The U.S. Dollar Index December contract was down to 99.11.
The S&P 500 Index was down 22 points, and the Dow Jones Industrial Average was down 150.09 points.
Published: 9:45 a.m. CT
