Malaysian palm oil futures closed at the highest level since March 2014 last night. This combined with lower production estimates for Argentine soybeans, a poor finish to the harvest program in Canada and a weaker USD saw Chicago soybean futures close higher by over 12c/bu ($5.75) last night.
The fall in palm oil production represents a change of over 14% year on year and all this during October when palm oil production is expected to peak. Analyst warn that prices may have already factored in these reductions though so market volatility may become less than expected in coming weeks.

The AUD is higher again this morning and is currently going through at 77.69 USc.  The US punters have Hilary pencilled into the White House office chair, this has seen Wall St feel more confident about the economic future of the US. Business as usual. Stronger Chinese economic data is also helping the AUD higher. The move in the dollar will counter around 30% of the potential move higher in canola values and over 40% of the potential move higher in wheat.

Reports of skyrocketing firearm sales in the US prior to this election has some punters expecting the worst given a Hilary win.