DTN Grain Open: Mixed Ahead of Thanksgiving Break

Harvested corn pouring into grain truck. Photo: University of Tennessee

March corn is down 1 1/4 cents per bushel, January soybeans are up 1 3/4 cents, and March KC wheat is down 3/4 cent.

Pre-6 a.m. Globex Prices:

March corn is down 1 1/4 cents per bushel, January soybeans are up 1 3/4 cents, and March KC wheat is down 3/4 cent.

CME Globex Recap:

Mixed equity trade overnight although most indices appear ready for holiday trade to begin. Energy markets are adding to recent gains in the overnight session with spot crude oil futures above 45.00 per barrel for the first time since March. The U.S. Dollar Index is slipping to 2 1/2-year lows overnight while gold prices have fallen to the lowest level since July.

Grains are mixed to higher with corn slightly lower while wheat and beans add to Tuesday’s gains ahead of the Thanksgiving holiday. Grain markets will see a normal close Wednesday afternoon with no evening session Wednesday night. Grains will re-open Friday morning at 8:30 a.m. CST with a shortened session which closes at 12:05 p.m. CST. Have a safe and happy Thanksgiving holiday!

OUTSIDE MARKETS:

Previous closes on Tuesday showed the Dow Jones Industrial Average up 454.97 at 30,046.24 and the S&P 500 up 57.82 at 3,577.59 while the 10-Year Treasury yield ended at 0.882%. Early Wednesday, the December DJIA futures are down 45 points. Asian markets are mixed with Japan’s Nikkei 225 up 131.27 (0.5%) and China’s Shanghai Composite down 40.5 points (-1.19%).

European markets are lower with London’s FTSE 100 down 22.11 points (-0.29%), Germany’s DAX down 26.71 points (-0.2%) and France’s CAC 40 up 1.11 points (0.02%). The December Euro is up 0.002 at 1.190 and the December U.S. dollar index is down 0.075 at 92.145. The December 30-Year T-Bond is up 9/32nds, while December gold is up $3.40 at $1,808.00 and January crude oil is up $0.56 at $45.47. Soybeans on China’s Dalian Exchange were down 0.87% while soybean meal was down 0.97%.

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