# Agricultural markets – El Profesional

> Brent crude fell 8.25% to about US$104 a barrel on signs of US-Iran dialogue, dragging soybeans, rapeseed and vegetable oils lower. Chicago soybeans hit their lowest since August, while wheat showed a modest rebound near US$223 a tonne after nine weeks of declines.

- Date: 2026-11-04 · published 2026-11-05T07:35:32.384Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/81365-agricultural-markets-el-profesional
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower crude weakens biofuel-linked demand for vegetable oils and soy complex, pressuring feed protein and oil prices, while the sharp fall in corn and soybeans reflects harvest pressure and weaker export demand.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼
- WHEAT: bullish ▲

## Sources

- elprofesional.uy: https://elprofesional.uy/www/archivos/33470

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