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Futures on the S&P/TSX rose as oil fell, with Brent down more than 4% after a third day of Iran-Qatar talks. Markets priced a 72.8% chance of a Fed rate hike in December, and Canada's main index had its biggest one-day drop in nearly six months on Friday.
Lower oil eases inflation and energy-cost pressure across commodity markets, which supports lower freight and processing costs for feed. The equity and Fed items have little direct grain price impact.
kitco.comNov 2, 2026After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
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.
