November canola is down $.20/mt and January canola is down $.10/mt, December soybean oil is down .20 cents/pound, February European rapeseed is up .50 euro/mt and January Malaysian palm oil is down 1.19%. December oats are down 4 3/4 cents/bushel while March European corn is down 2.25 euros/mt. December crude oil is down $1.29/barrel, December ULSD is up $.0218/gallon, and the December Canadian dollar is down .00180 at .71400. The December U.S. Dollar Index is up .202 at 101.850, and the December Brazilian real is down .01500 at 0.18465.

Grain and oilseed markets remain under pressure with soybeans leading the way lower while canola, European rapeseed and corn have managed to bounce well off their lows and are trying to turn positive.

A surprising outcome in Sunday's Brazilian election pummeled the Brazilian Real, making their soybean exports much more price competitive and immediately weighed on Chicago values. The incumbent, Lula, pulled off a surprising comeback to win his fourth straight term. The expected victor, Bolsonaro, has refused to concede and is calling for an annulment over voting day irregularities. The market initially reacted as if he had no hope but with the real recovery of about a third of its worst losses, there may still be questions remaining.

Russian claims Monday morning that an agreement to have 3-way talks with the U.S. and Ukraine in early November doesn't interfere with attacks being carried out in the meantime may be supporting strength in Baltic Sea shipping related markets.

Energy markets have firmed as the morning progresses with products now trading higher while crude oil maintains relatively small losses. Continued attacks by Iran and the Houthis ahead of the midterm elections are keeping anxiety levels and risks high.

With the mixed energy prices, bond markets are doing the same while stocks are sharply higher. The U.S. dollar is gaining strength as the morning progresses.

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