The CBOT was mostly lower in low-volume, pre-holiday trade. Monday is a holiday in the U.S. and the CBOT/CME (and WPI’s offices) will be closed. Notable developments for the day were the turnaround in corn and soyoil futures, which were juxtaposed against the continued technical weakness in wheat. The soy complex was mostly lower with soybeans and soymeal posting losses for the day, but higher crude oil supported soyoil. Funds were quiet for the day, not wanting to take on additional risk with a three-day weekend ahead and strong chances for a shift in the South American weather forecasts. Outside markets held a mixed influence for the CBOT with the strong rally in crude oil and RBOB gasoline supporting soyoil, corn, and ethano...
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