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During Nov. 2–6, crude oil prices fell sharply in two sessions as markets reacted to hopes of de-escalation in the Iran war.
Soybeans and canola also weakened, with soybeans reaching a 2.5-month low and canola a four-month low; precious metals rose in parts of the week.
Lower crude prices and harvest pressure weighed on oilseed markets, while the reported election and Iran-related swings point to elevated volatility rather than a lasting change in grain fundamentals.
dailyboard.caTrent KlarenbachNov 7, 2026Not 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.
