January canola is up $2.60/mt, December soybean oil is down .08 cents/pound, February European rapeseed is down 1.75 euro/mt and January Malaysian palm oil is up 0.33%. December oats are up 5 3/4 cents/bushel while March European corn is up 4.25 euros/mt. December crude oil is only down $.18/barrel after falling by $2.97/barrel at one point, December ULSD is down $.0684/gallon, and the December Canadian dollar is down .00415 at .70505. The December U.S. Dollar Index is up .745 at 102.280, and the December Brazilian real is down .00305 at 0.17765.

Grain and oilseed markets remain mixed ahead of the WASDE update. As a reminder, pre-report estimates are expecting a small drop in corn yield (.9 bpa) while the soybean yield is likely to see a minor 0.4 bpa yield increase, not the 1.9 bpa jump that StoneX put out earlier last week (that weighed heavily on ag markets).

Canola has managed to recover from overnight losses again despite soybean oil remaining quietly lower with diesel experiencing more significant declines. Energy markets have recovered much of their worst losses of the session as Iran continues to claim Trump's reports that negotiations are going well are purely lies to manipulate markets.

A hotter-than-expected CPI report out Tuesday morning has stocks and bonds sharply lower with the U.S. dollar trading sharply higher thanks to the resulting increase in interest rates. With that, the market is back to pricing in three more rate hikes by the Federal Reserve -- a quarter-point rate increase for December, another for January, and a third for the April meeting -- taking the total rate hiking cycle up by a total of 1.00% by then. The U.S. 10-year note is back up over 5.00% after putting in a low of 4.82% on Thursday following a 24-year high of 5.354% being made just a few weeks earlier.

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