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Crude oil fell about 8% after the midterm election results revived hopes that Washington would de-escalate the Iran war. Gold and silver rose on safe-haven flows as the dollar slid, while grains traded mixed to lower amid harvest pressure.
Lower crude weakens the energy cost and biofuel pull on feedstocks, and a softer dollar tends to support dollar-priced commodities. The move is a market reaction to a political development rather than a new supply event.
dailyboard.caTrent KlarenbachNov 4, 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.
