Periodic Updates on the Futures Markets

January canola is down 15.00 per metric ton (mt), December soybean oil is up 1.06 cents per pound, European February rapeseed is down 6.75 euros per mt and January Malaysian palm oil is up 1.07%. March oats are up 4 cents per bushel. January crude oil is up .38 per barrel (bbl) and the December Canadian dollar is down .00475 at .7112. The U.S. Dollar Index is up .220 at 106.990.

Treasuries have softened as Tuesday morning has progressed with the U.S. 10-year almost 4.32%. That, plus ongoing volatility over the tariff announcement, has the U.S. dollar firming, currently just under 107 again. The combination, along with favorable growing conditions in South America, has resulted in weakness spreading throughout the grain and oilseed markets with soybean oil the only real exception. Canola broke hard in early trade thanks to the tariff surprise, but has recently bounced $10 mt off the lows.