US: Chicago grain and soybean futures fell Monday after the weekend

Chicago grain and soybean futures fell Monday after the Thanksgiving weekend, weighed down by weaker demand and technical selling. Chicago Mercantile Exchange March corn futures and all wheat contracts fell to lows, while soybeans fell to a three-week low before rising slightly. "There's a liquidation going on," said Dan Bass, president of AgResource Co. in Chicago. “We hit new lows in wheat and corn, which caused new selling, and that's the whole point,” writes Reuters. Chicago Board of Trade wheat fell 2.7% to $5.61-3/4 a bushel. Corn fell 1.7% to $4.55-1/2 a bushel after falling to $4.53-3/4, the lowest level for the most active contract since December 2020. Soybeans were down 0.8% at $13.29-1/2 a bushel by 2130 GMT after falling to their lowest since November 2 at $13.23-1/2 a bushel. "We're kind of stuck on vacation here," said Dale Darchholz, a private commodity risk consultant in Bloomington, Illinois. "Volume and interest in trading have started to decline at this point, ...