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Brent crude futures fell about 8% to $105/barrel after reports that Trump does not want to start military action against Iran and will push harder for negotiations. February rapeseed futures in Paris slipped 1.7% to €546/t, while January canola in Winnipeg fell 0.8% over the week.
Agriculture and Food Canada raised its 2026/27 canola ending stocks forecast by 32% to 1.979 million tons.
Lower crude weakens the biofuel-linked demand case for vegetable oils, pulling oilseed prices down. The higher Canadian stocks estimate adds bearish pressure on canola, though continued Chinese buying and Australian supply uncertainty limit the downside.
graintrade.com.uaNov 3, 2026Not 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.
