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White House stalls E15 expansion plans | Black Friday key test of consumers | China’s economy

No overnight grain trade. Grain and livestock markets open at 8:30 a.m. CT for an abbreviated session until 12:05 p.m. CT.

Cash corn and soybean prices drop.

Basis slips a little for corn and soybeans; both weaker than average.

Third quarter banker survey notes declining incomes, still low loan demand and rising farmland values.

After the Bell | November 22, 2023 Happy Thanksgiving from Pro Farmer!

Gaza hostage deal | Altman returns to OpenAI | Ag bankers report lower incomes and cautious outlook

Soybeans favored the downside overnight amidst profit taking, wheat futures favored the upside, corn was stuck in the middle and traded narrowly near unchanged. Each saw an increase in selling pressure into the break.

Soybeans turned lower after rallying 60 cents in two sessions to start the week, wheat futures continue to bounce from near-contract lows and corn saw light trading on both sides of unchanged overnight.