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

> Brent crude fell about 6.5% on Monday on hopes for renewed US-Iran diplomacy, which pulled down correlated farm commodities. Investors pulled about $6.6 billion from agricultural futures last week, and US midterm elections are due on Tuesday. Soybeans fell 1.3% to $12.18 a bushel.

- Date: 2026-11-02 · published 2026-11-02T21:06:08.328Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/75774-ags-week-ahead-midterms-in-focus-as-lower-oil-prices-weigh
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower crude weakens biofuel and input-cost links for soy and corn, and risk-off flows from the elections add volatility to grain prices.

## Read by commodity

- SOY: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-16 | [Oil prices hold at 2-week low on lower oil demand growth forecasts](https://feedsoft.ai/events/28030-oil-prices-hold-at-2-week-low-on-lower-oil-demand-growth-forecasts.md) | +2.5% | -2.4% |
| BRENT | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | +1.5% | -0.2% |
| BRENT | 2020-02-26 | [Oil prices drop to lowest in more than a year as coronavirus spreads](https://feedsoft.ai/events/7110-oil-prices-drop-to-lowest-in-more-than-a-year-as-coronavirus-spreads.md) | -5.6% | -53.2% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |
| BRENT | 2020-02-27 | [Oil prices dive to lowest in over a year on coronavirus fears \| Reuters](https://feedsoft.ai/events/7109-oil-prices-dive-to-lowest-in-over-a-year-on-coronavirus-fears-reuters.md) | -5.0% | -51.1% |
| SOY | 2020-03-10 | [Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along \| Hoosier Ag Today](https://feedsoft.ai/events/11271-fear-in-the-market-drives-dow-and-crude-oil-lower-drags-ag-markets-along.md) | -4.8% | -0.9% |
| SOY | 2025-04-07 | [Palm and Soy Oil Prices Drop as Oil Prices Decline](https://feedsoft.ai/events/9631-palm-and-soy-oil-prices-drop-as-oil-prices-decline.md) | +6.7% | +6.2% |
| SOY | 2019-07-31 | [Ringgit ends marginally lower as trade war returns to focus \| Malay Mail](https://feedsoft.ai/events/58343-ringgit-ends-marginally-lower-as-trade-war-returns-to-focus-malay-mail.md) | -3.5% | -3.7% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/ags-week-ahead-midterms-in-focus-as-lower-oil-prices-weigh-0b3f48bc

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.