November canola is up $8.20/mt, December soybean oil is down 0.11 cents/pound, November European rapeseed is up 3.75 euros/mt and October Malaysian palm oil is up 0.02%. December oats are down 5 1/2 cents/bushel while November European corn is up 4.50 euros/mt. September crude oil is down $0.83/barrel, September ULSD is up $0.0076/gallon, and the September Canadian dollar is up 0.00045 at 0.71855. The September U.S. Dollar Index is down 0.094 at 99.805 and the September Brazilian real is down 0.00100 at 0.19190.

Another rumor has been circulated Thursday morning suggesting Ukraine has tried to get Russia to agree to quit attacking civilian targets in the Black Sea region, taking corn down sharply with Kansas wheat giving up a $0.15/bushel gain. Given Ukraine hit three Russian Black Sea ports Wednesday with a massive drone attack, it appears to be just another attempt to manipulate markets. Time will tell.

In the meantime, diesel has just recovered from overnight losses and turned positive, challenging contract highs again and helping canola along the way. With that, canola has surpassed resistance at $800/mt on an intraday basis with a close over the June 3 high of $804.80/mt looking very good technically if it can be achieved.

A cooler-than-expected PPI report out this morning has treasuries trading higher and stocks setting record highs. Meanwhile, the lower interest rates have weighed on the U.S. dollar.

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