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Brent fell 9.8% to $104.32/bbl and WTI fell 7.3% to $96.29/bbl on November 2 as Iran signaled conditional openness to reopening the Strait of Hormuz and Russia-Ukraine talk prospects emerged. OPEC maintained its production targets.
Record sunflower output is expected in Argentina and Canadian canola stocks are rising sharply.
Lower crude weakens biodiesel economics and pulls vegetable oil values down, pressuring soybean oil, rapeseed and sunflower prices. Large Argentine sunflower supply and higher Canadian canola stocks add further bearish pressure on meal and oil.
reussir.frLaurent MorinNov 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.
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.
