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Plains, Prairies Quick Takes
11/27 11:13 AM
January canola is up $2.30 per metric ton (mt), March soybean oil is closed, February European rapeseed is up 1.00 euro per metric ton and January Malaysian palm oil is up another 0.86%. March oats are closed. January crude oil is up $0.15 per barrel, January ULSD is up $0.0235 per gallon, and the December Canadian dollar is up 0.00030 at 0.71330. The December US dollar index is down 0.032 at 99.490 and the December Brazilian real is down 0.00025 at 0.18705. Global vegetable oil markets continue to trade quietly higher at midday amid a lack of direction with U.S. ag markets closed for Thanksgiving. Word that China rejected a load of Brazilian soybeans late Wednesday due to contamination (wheat seed) and President Donald Trump calling the Japanese leader to promote China's position on Taiwan may all be taken as positive signs for further soybean sales to China. Meanwhile, Russian President Vladimir Putin has publicly stated that the only way Russia will agree to end the war is with Ukraine surrendering territory that Russia occupies. That has been adamantly opposed by Ukraine which is backed up by Europe. As such, energy markets are posting gains in thin electronic trade. Outside markets are quietly mixed, trading more for order-filling purposes for those that need it than price discovery. (c) Copyright 2025 DTN, LLC. All rights reserved. |
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