# Oilseeds market of November 3, 2026: Oil prices weigh on the oilseeds complex

> 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.

- Date: 2026-11-03 · published 2026-11-03T13:39:22.296Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/77800-oilseeds-market-of-november-3-2026-oil-prices-weigh-on-the-oilseeds-complex
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- reussir.fr: https://www.reussir.fr/articles/marche-des-oleagineux-du-3-novembre-2026-les-cours-du-petrole-pesent-sur-le-complexe

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