November canola is up $0.40/mt, December soybean oil is down 0.24 cents/pound, November European rapeseed is up 0.75 euro/mt and November Malaysian palm oil is up 0.41%. December oats are up 13 1/4 cents/bushel while November European corn is down 1.75 euros/mt. October crude oil is up $0.50/barrel, October ULSD is now up $0.0505/gallon, and the September Canadian dollar is down 0.00285 at 0.72090. The September U.S. Dollar Index is up 0.252 at 99.090 and the September Brazilian real is down 0.00045 at 0.19355.

Very little has changed since the opening comments, including prices. U.S. and global corn production concerns along with Black Sea shipping disruptions continue to inspire dip buying on any pullback in corn prices. On the soybean side, China purchased another 333,000 mt for 2026 -- 27 delivery according to the morning flash sales announcement. That has helped the soybean complex maintain or add to values from overnight levels as anxiety over China retaliating over Iran fades.

Energy markets have recovered very well from overnight losses as the profit-taking pullback appears to have run its course. There remains little changed over the past (nearly) five months despite all of the rhetoric.

Outside markets have bonds trading lower on a slightly higher inflation print than expected with the annual PCE index up 3.7% compared to expectations of 3.6%. With that, stocks have turned mixed while the U.S. dollar adds to its gains (on the prospects for higher interest rates for longer).

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