January canola is up $1.80 per metric ton (mt), Dec soybean oil is up 1.16 cents per pound, February European rapeseed is up 1.00 euro per mt and January Malaysian palm oil is up 1.00%. Dec oats are up 1/2 cents per bushel. January crude oil is up $.01 per barrel, December ULSD is up $.0979 per gallon, and the December Canadian dollar is up .00285 at .71535. The December U.S. Dollar Index is up .032 at 99.520 and the December Brazilian real is down .00015 at 0.18740.

Soybean oil continues to put on a display of strength as midday approaches despite profit-taking setting in for soybeans in "buy the rumor, sell the fact" type of trade following a USDA flash sale confirmation that China purchased 792,000 mt of soybeans Monday. The latter is just minor while corn and wheat are still maintaining small gains. Canola is somewhat disappointing, simply satisfied with observer status to the rally in soybean oil and diesel.

In outside markets, Treasuries are only marginally higher now while equities have recovered somewhat from steep losses set in early trade. Energy markets remain mixed with diesel very strong. The U.S. dollar has been able to maintain its minor gains, keeping the bounce off the 25-day moving average intact.

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