World markets for grains and oilseeds

Soybean futures on the Chicago Mercantile Exchange were supported by the Thanksgiving holiday and a weaker U.S. dollar, which is making U.S. exports more competitive. U.S. commodity markets will be closed Thursday for the Thanksgiving holiday and reopen Friday for a shortened session, ending at 12:05 p.m. Central Time. “We’re in holiday mode, and there’s a lot of positioning going on right now,” said Darin Fessler, an analyst at Lakefront Futures. Consistent rains in Brazil and Argentina in recent weeks have boosted the outlook for soybean crops and kept a cap on prices. Traders continue to assess the impact of President-elect Donald Trump’s threat to impose tariffs on major trading partners when he takes office on Jan. 20. A 25 percent tariff on Canadian imports has opened the door for domestic soybean oil to replace canola oil imports as a feedstock for the growing biodiesel market, traders said. The U.S. Department of Agriculture said exporters sold 132,000 tons of soybeans to ...