Periodic Updates on the Futures Markets

January canola is down 14.30 per metric ton (mt), December soybean oil is down 1.23 cents per pound, European February rapeseed is up 0.50 euros per mt and January Malaysian palm oil is down another 3.03%. December oats are down 5 1/4 cents per bushel. December crude oil is up .34 per barrel (bbl) and the December Canadian Dollar is down .0013 at .7165. Grains and oilseeds remain under pressure from a strong U.S. dollar with the morning CPI release providing no relief. On top of that, a continued pullback in palm oil adds to the selling interest in world vegetable oil markets. Oats continue their technical selloff following a failure to penetrate the May high. The futures break does not appear to be flowing through to cash markets to date in this case. In outside markets, an as-expected CPI print gave only minor relief to interest rates with the U.S. 10-year at 4.41% and equities mixed.