November canola is up $.40/mt and January canola is up $.30/mt, December soybean oil is down .72 cents/pound, February European rapeseed is down 1.50 euro/mt and January Malaysian palm oil is down .38%. December oats are down 5 1/4 cents/bushel while March European corn is down 3.75 euros/mt. December crude oil is up $3.48/barrel, December ULSD is up $.0888/gallon, and the December Canadian dollar is up .00075 at .71400. The December U.S. Dollar Index is up .043 at 102.205, and the December Brazilian real is down .00100 at 0.18580.

Most grain and oilseed markets have repeated the recent pattern of giving up good overnight gains through the day session. There is little news to go on other than relatively favorable harvest weather (for those dodging recent rains in the western corn belt) with that expected to continue until early next week.

Corn remains higher with the help of a strong weekly ethanol report confirming production rose 24,000 bpd from last week while stocks actually dipped a bit.

Energy markets are gaining strength on increased risks of an escalation in the Middle East, especially with Netanyahu taking the lead in the tight Israeli election. The gains would normally be bullish for ag markets but the upward pressure it exerts on interest rates and the U.S. dollar remains short-term bearish, or so it seems.

The press conference following the afternoon interest rate decision by Federal Reserve chairman Kevin Warsh will likely be a market mover. In the meantime, the Bank of Canada did raise their key lending rate to 2.50% from 2.25% (as expected) on heightened inflation forecasts.

(c) Copyright 2026 DTN, LLC. All rights reserved.