Periodic Updates on the Futures Markets

November canola is up $5.70 per metric ton (mt), December soybean oil is up .26 cents per pound, November European rapeseed is up 5.00 euros per mt and December Malaysian palm oil is up .47%. December oats are down 2 3/4 cents per bushel. November crude oil is down $.13 per barrel, November ULSD is up $.0177 per gallon, and the December Canadian dollar is up .00015 at .71925. The December U.S. Dollar Index is up .268 at 98.075 and the October Brazilian real is down .00085 at 0.18620.

Canola and soybean oil continue to gain (along with the rest of the oilseed complex) as midday approaches. Gains in diesel futures may be helping despite the stronger U.S. dollar. An extension of recent gains in palm oil is surely helping as well. Grains have faded, with wheat dragging corn slightly below unchanged.

Outside markets seem to be more on edge, whether due to political concerns over France or Japan, or due to the lack of hope of an end being in sight for the government shutdown. With that, treasury markets have reversed higher, yet equities are lower despite the lower interest rates. As mentioned, the U.S. dollar has maintained its gains on its relative attractiveness while energy markets have turned mixed (with diesel being the strong product).