November canola is down $4.40/mt and January canola is down $4.70/mt, December soybean oil is down .09 cents/pound, February European rapeseed is down 1.50 euro/mt and January Malaysian palm oil is up .23%. December oats are down 5 1/2 cents/bushel while March European corn is down 1.00 euros/mt. December crude oil is down $1.81/barrel, December ULSD is down $.0934/gallon, and the December Canadian dollar is down .00105 at .71390. The December U.S. Dollar Index is up .275 at 102.075, and the December Brazilian real is up .00305 at 0.18745.

Grain and oilseed markets are retreating yet again as better-than-expected U.S. new home sales, durable goods orders and consumer confidence reports inspired a slight uptick in interest rates and an extension of the rally in the U.S. dollar. Beneficial harvest weather expected until early next week which follows decent (harvest) gains over the past week is likely weighing, as is a lower energy complex.

The soybean market has turned slightly lower (taking soybean meal with it) which would not be great technically if it can't recover by the close. It would mark a retreat from the bottom of the gap down that left Sunday evening rather than being able to fill it when it was right there, a sign of weakness to technical traders. Spread trading did allow soybean oil to recover, only trading slightly lower at midday.

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