Periodic Updates on the Futures Markets

March canola is up $4.20 per metric ton (mt), March soybean oil is up .16 cents per pound, February European rapeseed is down 1.00 euros per mt and February Malaysian Palm Oil is down 2.06%. March oats are up 9 1/4 cents per bushel. February crude oil is up $.80 per barrel and the March Canadian dollar is down .0021 at .6964. The U.S. dollar index is up .387 at 108.320 and the Brazilian real is down .00110 at 0.15975.

Grain and oilseed markets have firmed up nicely as the morning has progressed with a strong U.S. dollar failing to weigh on values. Higher energy markets are helping soybean oil make it above unchanged while the real strength lies in the soybean meal and soybean markets. Canola has been able to shake off weakness in palm oil to turn positive on the day, thanks in part to a weak Canadian dollar.

In outside markets, equities have turned lower again with flight-to-safety and interest rate differential buying of the U.S. dollar pushing that market to values not seen since November of 2022. US treasuries are quiet with the U.S. 10-year note at 4.57%.