AGS WEEK AHEAD: Midterms in Focus as Lower Oil Prices Weigh

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Oct 16, 2024Oil prices hold at 2-week low on lower oil demand growth forecasts+2.5%
• Sep 18, 2024Crude oil prices today: WTI, Brent lower as Fed cuts rates+1.5%
• Feb 26, 2020Oil prices drop to lowest in more than a year as coronavirus spreads-5.6%
• Dec 6, 2022Ringgit ends lower against US dollar as oil prices decline | Malay Mail-6.1%
• Feb 27, 2020Oil prices dive to lowest in over a year on coronavirus fears | Reuters-5.0%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Mar 10, 2020Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along | Hoosier Ag Today-4.8%
• Apr 7, 2025Palm and Soy Oil Prices Drop as Oil Prices Decline+6.7%
• Jul 31, 2019Ringgit ends marginally lower as trade war returns to focus | Malay Mail-3.5%
• Sep 30, 2020Prices for vegetable oil are falling after oil quotations+5.1%
• Apr 7, 2025Palm and soybean oil prices fell by 4.4-5.9% amid a 14.5% drop in oil prices in two days+6.7%