Periodic Updates on the Futures Markets

January canola is down 15.20 per metric ton (mt), December soybean oil is down 1.99 cents per pound, European February rapeseed is down 1.75 euros per mt and January Malaysian palm oil is down 3.10%. December oats are down 5 1/4 cents per bushel. December crude oil is up .47 per barrel (bbl) and the December Canadian dollar is down .0009 at .7179. Grains and oilseeds have come under significant pressure from a strong U.S. dollar. A pullback in palm oil also adds to the selling interest in world vegetable oil markets. By midmorning it was announced that binding arbitration would be imposed on both port strikes in Canada — confirming that is not a market factor. In outside markets, persistently higher interest rates with the U.S. 10-year back over 4.41% are resulting in equities weakening as the morning progresses.