January canola is down $6.70/mt, December soybean oil is up .05 cents/pound, February European rapeseed is down 5.50 euro/mt and January Malaysian palm oil is down 1.25%. December oats are down 2 1/4 cents/bushel while March European corn is down 6.00 euros/mt. December crude oil is down $.42/barrel, December ULSD is up $.0981/gallon, and the December Canadian dollar is down .00050 at .71575. The December U.S. Dollar Index is up .071 at 101.695, and the December Brazilian real is down .00135 at 0.18070.

Grain and oilseed markets are trying to recover from another wave of selling pressure seen at the start of the day session with the soybean complex doing a better job of that than canola or the grains. Corn recovered about half of its morning losses but remains under pressure despite another 451,000 mt in flash sales announcements to Mexico and South Korea. Another 134,000 mt soybean sale to unknown destinations was also announced Tuesday morning.

Volatility has returned to the energy complex with another round of questionable reports of diplomatic progress being made to end to the war with Iran circulating, only to be denied by Iran as propaganda intended to impact the midterm elections. That left crude oil with a $5.23/barrel range so far with it recovering from the worst of the morning's losses by midday. Diesel prices have continued to show relative strength with Ukraine's multiple attacks (over the past 5 days) on Russian oil refineries likely helping. That in turn has helped soybean oil turn positive with canola recovering more than half of its worst losses on the day.

In outside markets, treasuries remain under pressure due to the ongoing strength in energy products while equities trade mixed ahead of the election results and the U.S. dollar maintains minor gains.

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