January canola is down $.10 per metric ton (mt), Dec soybean oil is down .68 cents per pound, February European rapeseed is down 1.00 euro per mt and December Malaysian palm oil is down .27%. Dec oats are down 1 cent per bushel. December crude oil is down $2.47 per barrel, December ULSD is down $.0924 per gallon, and the December Canadian dollar is up .00025 at .71525. The December U.S. Dollar Index is up .029 at 99.345 and the December Brazilian real is down .00085 at 0.18800.

Grain and oilseed markets have recovered most of their early weaknesses despite a break in energy markets. In its monthly report, OPEC kept its demand growth projections and economic outlook unchanged from last month. But with the increased production quotas, it highlighted the growing global crude oil supplies that would result. Traders obviously weren't impressed despite the lack of surprises with the energy complex down sharply on the report.

Regarding row-crop markets, the continued underlying strength suggests market participants are not spooked by pre-report estimates that were released Tuesday. Nor the lack of confirmation of sales to China. That may be simply due to the lack of reporting during the shutdown. Soybean oil and canola markets are the weakest, tracking the energy complex lower even though canola did manage to turn positive briefly as midday approached.

Outside markets are quiet ahead of the evening vote in the House over the Senate bill that would lead to the government shutdown ending. Treasuries, equities and currencies are all mixed while precious metals are sharply higher and energies are sharply lower as discussed.

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