Soybean and rapeseed futures fell on November 3 as crude oil and vegetable oil markets weakened. Brent eased to about $104.30 a barrel and WTI rose slightly to $96.82, while the euro traded near $1.12 after the US midterm results.
Lower crude oil reduces the biofuel economics for vegetable oils, pulling soybean and rapeseed prices down with it. Oilseed meal buyers benefit from softer raw material prices in the near term.
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.