
Chicago soybeans and Euronext rapeseed had firmed on October 30 on strong crude prices, with US export sales for soybeans reported. Brent traded near $117.55 and WTI near $103.90, and attention turned to South American planting weather and El Niño risks for Brazil.
Firm crude supports biofuel demand for vegetable oils and oilseeds, while El Niño risk to Brazilian planting could tighten the South American soybean outlook.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.