January canola closed at a three-month low on Nov 3 at C$781.80 per tonne, the Grain Report reports, with soybeans, European rapeseed and palm oil also lower.
Russia, Ukraine and the United States were set to hold talks in Abu Dhabi on Nov 10–11. IKAR cut its Russian wheat export forecast to 39.5 million tonnes. Democrats won both chambers of the U.S. Congress, and December corn closed at a four-month low.
PGI’s takeaway: soft oilseeds and a lower Russian wheat export outlook dominate the tape; politics and Black Sea talks are the week’s risk flags. Full settlements and charts are in the Grain Report.
Sources: Klarenbach Grain Report — https://www.grainreport.klarenbach.ca/p/canola-lows-black-sea-talks-and-u-s-midterms-nov-4-2026. Figures above are as reported in that edition.
Trent Klarenbach, BSA AgEc, PAg
Founder and Lead Analyst, Klarenbach Research