Periodic Updates on the Futures Markets

November canola is down $.50 per metric ton (mt), Dec soybean oil is up .27 cents per pound, November European rapeseed is up 5.75 euros per mt and November Malaysian palm oil is down .02%. Dec oats are down 8 1/2 cents per bushel. November crude oil is up $.77 per barrel, November ULSD is up $.0101 per gallon, and the December Canadian dollar is up .00020 at .71925. The December U.S. Dollar Index is up .410 at 97.825 and the October Brazilian real is up .00065 at 0.18680.

Most grain and oilseed markets have given up overnight gains as midday approaches with soybean oil the exception, holding onto gains with strong crude oil likely helping.

Surprisingly enough, export inspections did get reported at the normal 10 a.m. CDT release time with all three crops putting in respectable showings. Corn and soybeans both exceeded last week’s total at 1.6 mmt and 768,000 mt, respectively. Wheat came in well below last week at 505,000 mt. That leaves corn running 56% ahead of last year’s pace with USDA expecting a final 5% increase; soybeans running 15% below last year with USDA expecting a final 10% lower total; and wheat at 18% ahead of last year with the final total expected to be up 9%.

Outside markets have changed little throughout the morning amid the data void with Treasuries remaining lower, equities near record-high territory and the U.S. dollar remaining quite strong (albeit somewhat off the highs).