Grains are called to open slightly lower before Monday morning’s tone is guided by the possibility of flash sales to China. Holiday trading hours include grains and livestock totally closing for Thanksgiving and opening for a short session on Friday from 8:30 – 12:05 central. Currencies, equities, energy, interest rates, and metals will be open for a night session starting at 5 pm on Thanksgiving. In the Headlines The short Thanksgiving trading week has the potential to produce volatility as market participants are out of their normal routines. It will be a unique week for grain futures because first notice day for the December delivery period is on Friday. Thursday is the market holiday, so December contracts will have to be priced or rolled by Wednesday. Last year December corn futures fell before Thanksgiving but then rallied on the Black Friday session. Last week included three daily export sales announcements covering 1.584 million metric tons (58 million bushels) of soybeans sold to China. On Thursday there was also a sale of 132,000 mt of wheat to China. Traders largely shrugged off the news because totals were in line with what had already been reported, and then it was a letdown…
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