New Years Day Trading Schedule
It has been many years since I can remember a big rally in corn and soybeans between Christmas and New Years. Typically it is really quiet with low volume and very little change in prices. Not this year as we saw beans rally about 40 cents and corn 20 cents Tuesday. The CME grain and livestock trading schedule is a little different than the Christmas schedule as we look toward New Years Day.
On Thursday the grain and livestock markets will close at the normal time. Going into Christmas Eve they closed early at 12:05. The grain markets will open at 7:00 pm Sunday evening for the overnight session and the livestock markets will open the normal time Monday morning. New Years Eve day is a holiday for all University of Minnesota Extension staff so most local Extension offices will be closed Thursday and Friday.
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Holiday Trading Schedule
The CME grain markets will close at 12:05 pm Thursday and of course will be closed Friday Christmas Day. The grain markets will reopen Sunday evening at the normal time for the overnight session. The livestock markets will also close at 12:05 pm Thursday and will reopen at the normal time Monday morning. I did check and all Minnesota USDA Service Centers and Farm Service Agency offices will be closed both Thursday and Friday. They will reopen at normal time Monday morning. Both Thursday and Friday are holidays for all University of Minnesota Extension staff too.
Typically when you get close to a major holiday the ag markets get very quiet with really low volume. If there is some type of major unexpected news they can get really zippy due to the light volume. This year there are a lot of factors that could make for an exciting couple of days. Those include the dry weather and crop concerns in South America, the dock workers strike in Argentina, the huge expo