November canola price is up $2.70/metric ton (mt) on Friday morning, July 3, December soybean oil is closed, November European rapeseed is up 1.75 euro/mt and September Malaysian palm oil is down 0.58%. December oats are closed while November European corn is up 2 euros/mt. August crude oil is up $0.03/barrel, August ULSD is up $0.0668/gallon, and the September Canadian dollar is down 0.00120 at 0.70620. The September U.S. dollar index is down 0.006 at 100.615 and the August Brazilian real is up 0.00135 at 0.19210.

Those markets that are still trading despite the closures of most (in celebration of the U.S. July 4 holiday) remain extremely quiet amid the lack of leadership.

Canola and European corn have firmed up slightly from the opening comment levels with gains in electronic trading in energy markets providing support. Diesel futures are close to their highs of the day, with that likely helping canola. Iran reiterating that any vessels passing through the Strait of Hormuz must coordinate movement through that country is likely helping inspire price gains. Such insistence on control has been a major roadblock to any final peace agreement.

Outside markets remain subdued with most regular participants making the most of the long weekend celebrations it appears. Stocks are higher but bonds and the U.S. dollar remain very quietly lower.

(c) Copyright 2026 DTN, LLC. All rights reserved.