Grains
March corn closed down 2 3/4 cents and May corn was down 2 1/2 cents. January soybeans closed down 9 3/4 cents and March soybeans were down 8 cents. March KC wheat closed down 3/4 cents, March Chicago wheat was down 3 1/2 cents, March MIAX Minneapolis wheat was down 2 cents.
Traders returned from the holiday break on Monday not quite ready to commit to the bullish momentum that had been built through the low volume Thanksgiving week. Corn, soybean, and wheat markets remain in areas of technical resistance, and while seasonality leans in favor of the bulls, there are a few fundamental concerns serving to keep a lid on prices, such as historically high corn supplies and a still hazy export demand outlook for soybeans. In outside markets, the U.S. dollar continued to slump back toward recent support near 99 on the index which held for Monday. Energy markets were higher for the most part, with diesel prices catching themselves to close last week and start the new week after falling sharply in the previous six sessions.
Livestock
Markets closed downward today. The livestock complex was trading mixed into midday Monday, as the market hopes to see fundamental support improve in the cattle complex before traders push the cattle contracts much higher, but the lean hog contracts were trading slightly stronger. New showlists appear to be mixed, higher in Kansas, about steady in Nebraska/Colorado, but lower in Texas.