11/24/2024 Sunday Market Preview

Grains look set for a steady to slightly softer open as traders watch for guidance from the outside financial markets, especially the dollar index after it rallied to a new two-year high on Friday. A shortened holiday trading week includes markets closed for Thanksgiving and open for a shortened session on Friday. Interest rates, equities, energy, and metal futures will be open for trading on Thursday night. Grain futures do not have a night session on Thanksgiving; they will open at 8:30 am central on Black Friday before closing early at 12:05 pm. In the Headlines President Trump announced his selection for Secretary of Agriculture over the weekend, Brooke Rollins from Texas. Rollins was the director of the Domestic Policy Council during Trump’s first term before last leading a research institute that supported Trump’s 2024 campaign. She will be the voice to address how agriculture may be impacted by tariffs and changing trade policy as well as the official who would implement any changes to school lunch programs or SNAP benefits that might be pursued by the nominee for Health and Human Services, Robert F. Kennedy Jr. All of the various farm organizations have released their estimates for the price…