Periodic Updates on the Futures Markets

OMAHA (DTN) — January Canola is down 16.10 per metric ton (mt), December Soybean Oil is down 1.56 cents per pound, European February Rapeseed is down 8.50 Euros per mt and December Malaysian Palm Oil is up 0.11%. December Oats are down 3/4 cents per bushel. December Crude Oil is down 4.11 per barrel and the Canadian Dollar is down 0.000085 at 0.72045. Canola is taking it on the chin following a stable open. Weakness in vegetable oil markets, led by soybean oil, are the result of sharply lower energy markets. The gap lowered during Sunday evening’s open in December soybean oil remains with losses accelerating midday, not a good technical look. Other grain and oilseed markets are relatively quiet in comparison.