Periodic Updates on the Futures Markets

January Canola is down 8.30 per metric ton (mt), December Soybean Oil is down 0.50 cents per pound, European February Rapeseed is down 4.25 Euros per mt and January Malaysian Palm Oil is now 0.98% lower. December Oats are up 1 1/2 cents per bushel. December Crude Oil is up 1.10 per barrel (bbl) and the December Canadian Dollar is up 0.00205 at 0.72255. Vegetable oil markets are lower regardless of the crude oil strength with unwinding of the short soybean meal/long soybean oil spread returning as a feature. Soybean meal is flat with soybeans higher, gaining 5 1/4 cents per bushel. Canola is below the bottom of the recent $640-660/mt range again after climbing above it by Monday’s close. It would be a much better look if it can do that again today. The US 10-year rate continues to push higher ahead of the election results, over 4.36% currently. Like crude, equity markets are unfazed so far with good gains on the day. Oats are quietly higher following Monday’s reversal lower to end the day.