January canola is up $4.60/mt, December soybean oil is up .58 cents/pound, February European rapeseed is up 1.25 euro/mt and January Malaysian palm oil is up 1.41%. December oats are up 1 cent/bushel while March European corn is up 1.00 euros/mt. December crude oil is up $2.09/barrel, December ULSD is up $.1020/gallon, and the December Canadian dollar is up .00195 at .71845. The December U.S. Dollar Index is down .111 at 101.780, and the December Brazilian real is down .00090 at 0.1842.

Continued strength in energy markets has become too much for bond and currency traders to ignore despite significant losses seen in equity markets. Interest rates have been creeping back up, helping the U.S. dollar recover much of its overnight losses while weighing slightly on corn and wheat.

Oilseed markets are firm for the most part with soybean oil and canola leading the way thanks to strong diesel prices and technically inspired buying when Thursday's breech of support failed to find any selling interest. Soybeans recovered from overnight losses and turned higher thanks to flash sale announcements totaling 297,150 mt to Unknown destinations (presumably China).

With this being the last trading day of October, Monday likely seeing the deployment of new trading strategies to begin the month, Tuesday being the U.S. midterm elections, fears over the AI-related bubble starting to burst and reports suggesting a major escalation is being planned against Iran somewhere in there -- expect heightened volatility over the next week or so.

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