Typically, the grain markets are quiet around major holidays like Thanksgiving and Christmas. As we approach the holiday, market action usually gets pretty "thin" as more traders take off for the holiday. Gordy says 90 percent of the time watching the markets just before a holiday is like watching paint dry. However, if some type of unexpected news hits, the market it can get pretty wild because there are less traders "playing the game."

Many times if you do see a big move just before a holiday, the first trading day after the holiday markets go back the other way. Another point to remember is the rest of the world will be trading Thursday because Thanksgiving is a holiday only here. The grain and livestock markets close at the normal time today. They will be closed Thursday and there will be no overnight trading Thursday night. The grain and livestock markets will open at their normal time Friday morning and close early at 12:05.

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