Periodic Updates on the Futures Markets

January canola is down .80 per metric ton (mt), December soybean oil is down .75 cents per pound, European February rapeseed is down 1.25 euros per mt and January Malaysian palm oil is up .47%. March oats are up 1 1/4 cents per bushel. January crude oil is down 1.68 per barrel (bbl) and the December Canadian dollar is down .0008 at .7150. The U.S. Dollar Index is down .567 at 106.940.

Significant weakness developed in energy markets as Monday morning progressed, more than offsetting benefits from a weaker U.S. dollar and taking the wind out of the sails for the vegetable oil complex. Soybean oil led the way lower with meal strong on spread unwinding, keeping soybeans higher on the day. Treasuries have strengthened as the morning has progressed with the U.S. 10-year at 4.30%.