March canola is down $5.30 per metric ton (mt), March soybean oil is up .37 cents/pound, May European rapeseed is down 8.00 euro per mt and February Malaysian palm oil is down 1.36%. March oats are down 5 1/4 cents/bushel. February crude oil is down $.65 per barrel, February ULSD is down $.0194 per gallon, and the March Canadian dollar is down .00100 at .73020. The March U.S. Dollar Index is down .002 at 98.045 and the January Brazilian real is up .00210 at 0.18290.

Most grain and oilseed markets came under pressure as soon as trading began for the day session. As midday approaches, prices have recovered somewhat but remain lower on the day generally. The one exception is soybean oil with it near its high of the day. No clear news is out to take responsibility, but improved support for the biofuel industry to begin the new year is likely responsible.

Energy markets remain under pressure despite growing geopolitical risks while cattle markets are once again stealing the show with strong gains seen in feeder cattle while fat cattle aren't far behind.

In outside markets, Treasuries have turned lower with the 30-year bond leading the way. The increase in interest rates has resulted in a reversal lower in equity markets with the Nasdaq going from the leader on the upside to now the leader on the downside. Not a good look for the bulls. Even gains in the U.S. Dollar Index and gold have been given up as thin holiday trade appears to be more of a market influence that any new strategies to mark a new year.

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