November canola is up $0.70/mt after being almost $20/mt higher overnight, December soybean oil is down .60 cents/pound, November European rapeseed is down 4.50 euro/mt and October Malaysian palm oil is down .36%. December oats are down 1 1/2 cents/bushel while November European corn is down 2.25 euros/mt. September crude oil is down $4.83/barrel (after being $2/barrel higher overnight), September ULSD is down $.0959/gallon, and the September Canadian dollar is down .00150 at .71180. The September U.S. Dollar Index is up .004 at 99.785 and the September Brazilian real is down .00080 at 0.19440.

Row crop markets are under significant pressure as rains head toward the areas of Iowa and northeast Nebraska that missed out on decent coverage during last week's rain event. Energy markets getting hit hard over the latest round of reports that the Strait of Hormuz is set to open anytime soon are adding to the selling in commodity markets across the board.

That has resulted in stocks soaring into new record highs with treasury markets bouncing and the U.S. dollar little changed.

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