Periodic Updates on the Futures Markets

OMAHA (DTN) — January canola is up 5.90 per metric ton (mt), December soybean oil is up .86 cents per pound, European February rapeseed is up .75 euros mt, and December Malaysian palm oil is up 2.52%. December oats are down 1/2 cent per bushel. December crude oil is down .57 per barrel and the Canadian dollar is down .0005 at .7233. Canola is stronger at midday with vegetable oil markets continuing to shine, which is impressive with the energy markets giving up their overnight gains and now down on the day. Grains and oilseeds in general have given up some of the initial gains resulting from the strong export sales report. Corn was the highlight with the 13th strongest weekly export sales of the past 34 years at 4.1838 mmt for the 2024-25 and 2025-26 years combined. Soybeans at 2.151 mmt was impressive but within expectations, muting the impact.