# Evening Report | 'Wrong track' - Pro Farmer

> A post-midterm relief rally lifted stocks on Wednesday as crude oil plunged, with December Brent falling 8.7% to $94.62 and WTI down 8.3% to $88.12 on renewed US-Iran talks. Democrats made gains in rural districts and farm-state races, and diesel costs remain a farmer concern.

- Date: 2026-11-04 · published 2026-11-05T00:05:28.978Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/80600-evening-report-wrong-track-pro-farmer
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower crude and diesel reduce freight and input costs for feed supply chains, but the sharp oil drop also weighs on biofuel-linked corn and soyoil values.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-04-01 | [Grain Transportation Report, April 7, 2022](https://feedsoft.ai/events/16717-grain-transportation-report-april-7-2022.md) | -6.9% | +1.2% |
| BRENT | 2026-03-10 | [Oil falls after Energy secretary wrongly claims tanker escort](https://feedsoft.ai/events/9388-oil-falls-after-energy-secretary-wrongly-claims-tanker-escort.md) | +4.1% | +27.2% |
| BRENT | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +8.9% | +26.2% |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| BRENT | 2026-03-08 | [Oil prices fall as Trump weighs taking over Strait of Hormuz](https://feedsoft.ai/events/6633-oil-prices-fall-as-trump-weighs-taking-over-strait-of-hormuz.md) | +9.5% | +25.6% |
| WTI | 2022-07-21 | [After the Bell \| July 21, 2022 - Pro Farmer](https://feedsoft.ai/events/12604-after-the-bell-july-21-2022-pro-farmer.md) | -4.5% | -13.3% |
| WTI | 2023-10-03 | [After the Bell \| October 4, 2023 - Pro Farmer](https://feedsoft.ai/events/7143-after-the-bell-october-4-2023-pro-farmer.md) | -5.4% | -6.8% |
| WTI | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | -4.2% | -10.1% |

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/evening-report/evening-report-wrong-track

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