Periodic Updates on the Futures Markets

January canola is up $13.30 per metric ton (mt), December soybean oil is closed, European February rapeseed is up 6.25 euros per mt and January Malaysian palm oil is up 2.44%. March oats are closed. January crude oil is up $0.02 per barrel and the December Canadian dollar is up 0.0011 at 0.7142. The U.S. dollar index is up 0.107 at 106.155.

With U.S. ag markets closed for Thanksgiving, global vegetable oil markets are enjoying the lack of drama. Palm oil started the rally overnight on concerns over flooding in Malaysia. Canola and European rapeseed have gained momentum because of Russian attacks on Ukraine along with the level of rhetoric intensified Thursday morning. In light, electronic holiday trading, U.S. treasuries, equities and the U.S. dollar have firmed while energy and metal markets remain mixed.