Periodic Updates on the Futures Markets

OMAHA (DTN) — January canola is up .90 per metric ton (mt), December soybean oil is down .21 cents per pound, European February rapeseed is down 2.25 euros per mt, and December Malaysian palm oil is up 1.9%. December oats are down 2 1/2 cents per bushel. December crude oil is down .83 per barrel and the Canadian dollar is down .0013 at .7233. Canola is slightly stronger at midday although off the highs of the day. Sharply higher palm oil trade overnight provides support as it might help keep China an active buyer of Canadian canola despite an announcement to impose a 25% tariff on Chinese steel and aluminum imports.