Periodic Updates on the Futures Markets

March canola is up $4.30 per metric ton (mt), March soybean oil is up 1.01 cents/pound, May European rapeseed is up 3.75 euro per mt and April Malaysian palm oil is up .33%. March oats are up 2 1/4 cents/bushel. March crude oil is up $.57 per barrel, March ULSD is up $.0237 per gallon, and the March Canadian dollar is up .00205 at .73415. The March U.S. Dollar Index is down .247 at 97.245 and the February Brazilian real is up .00160 at 0.19055.

Oilseeds have backed off from their best overnight gains but remain strong on the day with higher energy markets and a weakening U.S. dollar helping.

It appears those interested in buying commodities have not been deterred by the extreme volatility surrounding the flip of the calendar to February. Most grains, oilseeds, meats, metals and energies are higher. Stocks, bonds, and the U.S. dollar are all lower. The trade deal announced Monday between the U.S. and India continues to provide the greatest support for “things that can hurt if they fall on you”.