November canola is up $3.70/mt, December soybean oil is down .33 cents/pound, November European rapeseed is down .25 euro/mt and November Malaysian palm oil is down .54%. December oats are up 6 1/2 cents/bushel while November European corn is up 2.00 euros/mt. November crude oil is up $4.21/barrel, November ULSD is up $.1718/gallon, and the December Canadian dollar is down .00255 at .70970. The December U.S. Dollar Index is up .253 at 101.065, and the December Brazilian real is down .00115 at 0.19215.

Crude oil has jumped over $4/barrel as midday nears on reports that the Yemen Houthis have attacked a Saudi Arabian military site. Energy markets had already been gaining on the lack of diplomatic progress this week at the UN General Assembly meetings. That said, the gains are doing little to inspire a rally in ag markets, with traders there focused on the meetings between President Trump and Xi Jinping.

Grain and oilseed prices are mixed with generally positive remarks being made so far between leaders. More detailed meetings have now started, so little news will likely be forthcoming for a while. In the meantime, Thursday's U.S. weekly export sales report was quite disappointing, but the negativity was likely countered somewhat by a flash sale announcement of 120,000 mt of soybeans sold to China.

Stocks and bonds are under pressure again because of the rally in crude oil and ahead of the noon treasury auction where the U.S. Treasury has said it will be buying up to $6 billion in bonds to try to keep interest rates down. Despite that, the U.S. 10-year note has almost hit 5.17% for the first time since July of 2007, continuing to inspire a strong rally in the U.S. dollar.

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