DTN Closing Grain Comments
Grain and soy markets traded unchanged to lower levels just ahead of the Thanksgiving holiday in light volume, before moving higher at midday, with each market closing with solid gains. There was not a lot of fresh news to drive markets on Wednesday, other than China's surge in new COVID cases, and the resulting negative demand implications from that. Soybean oil was able to rally sharply despite the sharp early fall in crude oil futures.