January canola is up $2.20 per metric ton (mt), March soybean oil is down .15 cents per pound, February European rapeseed is up 1.00 euro per mt and January Malaysian palm oil is down .23%. March oats are up 1 1/4 cents per bushel. January crude oil is down $1.21 per barrel, January ULSD is down $.0654 per gallon, and the December Canadian dollar is down .00055 at .70905. The December U.S. Dollar Index is down .217 at 99.855 and the December Brazilian real is up .00030 at 0.18545.

Grain and oilseed markets are very quiet ahead of the holiday break. Corn and wheat are slightly higher with the soybean complex mixed and canola holding minor gains amid a lack of news.

In outside markets, Treasuries and equities are both mixed following weak payroll data from ADP, weaker-than-expected retail sales and a slightly lower-than-expected core PPI reading. That has the market currently pricing in an 82.7% chance of another quarter-point rate cut in December, which is weighing on the U.S. dollar.

Energy markets remain under pressure amid headlines that make it sound as if progress is being made on the peace front. But the devil is in the details and reports suggest the areas that have yet to be worked out are over territory, with Russia rejecting suggestions it must retreat. Time will tell.

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