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Soybeans Drop Double Digits Monday

Stock market plummets 2,000 points

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On Monday, the CME Group farm markets sink from the outside markets tanking, reports Successful Farming.

In the outside markets, the NYMEX crude oil market is $9.70 per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 2,066 points lower.

“The grain markets are holding up quite well considering the hard down move in the global stock and energy markets," Al Kluis, Kluis Advisors, noted to Successful Farming.