1,943 public, source-attributed analyses archived for November 2026. Dates use UTC. Each article links to the originating publisher. News summaries and sentiment are automated, not independent reporting or predictions about future prices.
US crude oil prices plunged on Wednesday as traders increased bets that the Iran conflict could move toward an exit, reducing the likelihood of a full-scale US assault on Iran.
Brent futures fell $8.98 to $94.62 per barrel, while WTI crude dropped $7.97 to $88.12, despite US crude inventories declining by 865,000 barrels and demand reaching a one-year high.
Expectations of reduced geopolitical supply disruptions could continue pressuring crude prices, although falling inventories and stronger demand may limit further downside.
Satellite-image analysis by research firm Aterio indicates that IREN’s Horizon 4 data center project in Texas, being built under an approximately $9.7 billion agreement with Microsoft, still lacks backup generators and cooling equipment. The report raises the risk that the facility may not be delivered by year-end.
A separate New Jersey project being developed for Nebius, with planned capacity of about 140 megawatts, could be delayed until 2027, according to the report.
The construction risks are relevant for Microsoft because the company’s AI-related capital expenditure in the previous quarter was about $5 billion below expectations, and Microsoft lowered its full-year guidance. Microsoft’s CFO had cited delivery delays by third-party cloud service providers as a main reason. A Microsoft spokesperson said the company’s infrastructure strategy remains flexible, while IREN and DataOne declined to comment.
Crypto PACs face a tougher political environment after Democrats won control of both chambers of Congress, with the industry's roughly $64 million effort to keep Republican Jon Husted in Ohio failing as Sherrod Brown reclaimed the Senate seat.
Crypto super PACs spent approximately $176 million across 100 races, while Fairshake and affiliated groups retain more than $67 million heading into the 2028 elections; Elizabeth Warren is positioned to chair the Senate Banking Committee.
Increased congressional scrutiny could slow crypto legislation and intensify regulatory pressure, although pro-crypto lawmakers and existing legislative progress may limit the impact.
Corn futures rebounded on Wednesday after hitting a four-month low, supported by bargain buying and technical buying as the market recovered from oversold conditions.
December corn gained 1-3/4 cents to $4.44-1/4 per bushel, while wheat and soybeans remained under pressure amid expectations for large US harvests.
The upcoming USDA crop estimates and export sales data could drive further volatility in grain markets as traders assess supply conditions and export demand.
The U.S. dollar weakened as crude oil plunged more than 8% following Democrats' congressional election victories, easing concerns over an escalation in the U.S.-Iran conflict and oil-driven inflation.
The Dollar Index fell 0.33% to 101.52, while markets continued pricing an 81.5% probability of a 25-basis-point Federal Reserve rate hike in December.
Further easing in geopolitical tensions and lower oil prices could pressure the dollar, although upcoming employment data and Federal Reserve decisions remain key drivers.
ICE canola futures fell to a three-month closing low as commodity funds liquidated long positions and weakness in Chicago soybeans and soyoil pressured the market.
January canola settled at C$768.30 per ton on Nov. 4, with the next downside target near C$763 at the 200-day moving average.
Further fund liquidation could extend near-term downside, while potential support from renewable fuel policy and end-user buying may help stabilize prices.
MercadoLibre Inc. (NASDAQ:MELI) reported third-quarter financial results after the market closed Wednesday. Its shares fell after results described as mixed. The available source context provided no financial figures, guidance details, or additional operating metrics.
Global markets rallied as Democrats' midterm election victory eased political uncertainty, while Brent and WTI crude plunged amid hopes of progress toward ending the US-Iran conflict.
The Dow gained 3%, the S&P 500 rose 1.6%, and the Nasdaq advanced 1.4%, while Brent fell nearly 20% and WTI dropped 15% so far this week.
Lower oil prices could ease inflationary pressure and support stocks and bonds, while expectations of a potential end to the Iran conflict may keep pressure on crude.
Global stocks rallied after Democrats won control of both chambers of Congress, easing political uncertainty and lifting all three major U.S. stock indexes.
The Dow gained 3.03%, the S&P 500 rose 1.58%, and the Nasdaq Composite advanced 1.44%, while Bitcoin climbed 3% and Ether gained 5.6%; Brent crude fell nearly 9%.
Reduced political uncertainty could support broader risk appetite, while increased congressional scrutiny of AI and potential changes to government spending may create sector-specific headwinds.
Democrats have taken control of both chambers of Congress, forcing the crypto industry to rethink its Washington strategy as tougher oversight and stalled legislation threaten its regulatory agenda.
The Clarity Act faces a reduced chance of advancing over the next two years, while crypto PACs spent approximately $170 million during the midterms and pro-crypto candidate Jon Husted lost Ohio's Senate race to Sherrod Brown.
Increased regulatory scrutiny and uncertainty around U.S. crypto legislation could create significant headwinds for the digital asset industry and weaken expectations for near-term policy progress.
ICE canola futures fell to a three-month closing low as commodity funds liquidated long positions and weakness in Chicago soybeans and soyoil pressured the market.
January canola settled at C$768.30 per ton on November 4, with the next downside target near the 200-day moving average at C$763; slower farmer selling and end-user bargain hunting offered potential support.
Continued fund liquidation could extend near-term downside pressure, while expectations of more favorable U.S. renewable-fuel policy could support longer-term canola demand.
Redwire Corp (NYSE: RDW) reported third-quarter financial results after the market closed Wednesday. The market focus was uneven revenue timing, which softened the company’s Q3 results. The supplied source provided no figures for revenue, earnings, guidance, share-price changes, trading volume, or other financial metrics.
U.S. stocks surged in a broad rally, with the Dow jumping 3.03% to its biggest single-session gain since April 9, 2025, as investors welcomed divided government and plunging oil prices.
The S&P 500 gained 1.58% and the Nasdaq rose 1.44%, while crude oil tumbled 8.3% to $88.12 and gold advanced 3.4% to $4,061.10; meanwhile, AI-related stocks remained under pressure, with CoreWeave falling 9.9% and Hut 8 sliding 23%.
Lower energy prices and expectations of political gridlock could support broader equities and ease inflation concerns, while AI infrastructure financing and regulatory risks may continue pressuring selected technology stocks.
U.S. natural gas futures rise for a second consecutive session, gaining 2.2% to $2.959/mmBtu.
The advance was attributed by NatGasWeather.com to potential political and geopolitical developments, while Thursday's storage report is expected to show an 81 Bcf inventory build, widening the surplus over the five-year average to 58 Bcf.
The projected inventory increase could pressure natural gas prices by reinforcing concerns about a growing supply surplus.
Ripple's $2.57 billion RLUSD stablecoin is increasingly concentrated on Ethereum, with roughly two-thirds of its circulating supply now held outside the XRP Ledger.
Ethereum holds approximately $1.72 billion in RLUSD compared with $850 million on the XRP Ledger, while Ethereum's supply grew by about a third over the past month.
Ethereum's deeper DeFi ecosystem could continue attracting RLUSD liquidity, potentially limiting the direct benefits of stablecoin growth for the XRP Ledger.
U.S. stocks surged after the midterm elections, with the Dow Jones Industrial Average recording its biggest gain in more than a year as investors anticipated that divided government could limit regulatory risks.
Treasury yields and the U.S. dollar fell, while oil futures suffered their biggest three-session decline in almost five years amid signals that the Trump administration could seek an exit from the Iran war.
Lower oil prices and easing inflation concerns could support broader risk appetite, although continued political and geopolitical uncertainty may drive volatility across financial markets.
Arm reported fiscal 2027 second-quarter revenue of $1.44 billion for the quarter ended September 30, 2026, up 27% year over year and a record for the same period. Shares fell about 2% in after-hours trading.
Licensing and other revenue reached $773 million, up 50% year over year, while royalty revenue totaled $670 million. Data-center royalty revenue doubled year over year, highlighting Arm's exposure to AI and server computing demand.
Adjusted earnings per share were $0.52, above the $0.47 analyst expectation cited by Reuters. For the fiscal third quarter, Arm expects revenue of about $1.54 billion, slightly above the $1.53 billion analyst expectation.
Qualcomm reported fiscal 2026 fourth-quarter revenue of $10.3 billion for the period ended September 27, down 8% year over year. Earnings per share were $2.17, slightly above analyst expectations of $2.16, while revenue was also slightly above the $10.1 billion consensus estimate.
Shares fell about 5% in after-hours trading following the report. Qualcomm forecast revenue of $10.4 billion to $11.2 billion for the quarter ending in December, compared with analyst expectations of $10.55 billion. Its projected EPS range was $2.15 to $2.35, with the midpoint below the $2.32 analyst estimate.
The company said component and manufacturing costs are broadly rising. Its handset business generated $5.14 billion in revenue in the prior quarter, down 26%, highlighting pressure in the phone segment despite the quarterly revenue and EPS beats.
Qualcomm reported fourth-quarter results after Wednesday's market close, described as a double beat. The company also highlighted an upcoming data-center ramp, making data-center expansion central to its forward-looking commentary. No revenue, earnings, guidance, share-price, trading-volume, or ramp-timing details were provided.
Arm Holdings reported a fiscal second-quarter double beat, according to the referenced earnings report. Although Q2 results exceeded expectations on both key measures, Arm shares declined. The available source does not provide the specific earnings figures, the size of either beat, or the magnitude of the share-price drop.
Arm Holdings reported second-quarter revenue of $1.44 billion, above the $1.38 billion analyst expectation, while adjusted EPS was $0.52 versus $0.47 expected. Adjusted net income reached $566 million, compared with $514.2 million expected, and adjusted operating profit was $638 million versus $575.7 million expected.
Licensing and other revenue totaled $773 million, above the $668.3 million expectation. Royalty revenue was also $773 million, compared with $707.4 million expected. Arm reported annualized contract value of $1.79 billion, slightly below the $1.80 billion expectation.
Adjusted gross margin was 97.9%, versus 98% expected, while operating expenses were about $825 million, compared with $823.6 million expected. For the third quarter, Arm guided revenue to $1.49 billion-$1.59 billion, with analysts expecting $1.53 billion.
U.S. stocks surged following a sweeping Democratic victory in the 2026 midterms, with the Dow posting its best single-day performance since April 2025.
The Dow jumped 3%, the S&P 500 gained 1.6%, and the Nasdaq advanced 1.4%, while Treasury yields and the U.S. dollar declined as investors anticipated political gridlock limiting fiscal expansion.
Reduced expectations for government spending and regulatory changes could continue supporting equities, although increased scrutiny of AI data-center investments could pressure technology stocks.
U.S. stocks surged, with the Dow posting its largest single-day gain since April 2025 as investors welcomed expectations of political gridlock and falling oil prices.
The Dow jumped 3.03%, the S&P 500 gained 1.58%, and the Nasdaq advanced 1.44%, while crude oil plunged 8.3% to $88.12 per barrel and gold climbed 3.4% to $4,061.10.
Continued oil weakness and expectations of fewer regulatory changes could support equities, although persistent uncertainty surrounding AI investments may limit further gains.
U.S. equities closed higher on November 5, with the Dow Jones Industrial Average up 3.03%, the Nasdaq up 1.44%, and the S&P 500 up 1.58%.
Mega-cap technology stocks led gains: Microsoft and Amazon each rose more than 6%, while Apple gained more than 5%. The session also showed a sharp split within AI-linked equities. AI infrastructure and related names declined, including CoreWeave, down more than 9%, and NEBIUS, down more than 7%.
Memory-sector stocks also fell, with Seagate Technology down more than 8%, Micron Technology and SanDisk down 7%, and Western Digital down more than 6%. In optical communications, Marvell Technology and Lumentum dropped more than 7%, while Coherent and Corning fell more than 5%.
The divergence highlighted stronger demand for major platform technology companies while several memory, cloud-service and optical-communications stocks moved lower.
ARM Holdings reported adjusted quarterly EPS of $0.52, above the $0.47 analyst estimate. The result was 33.33% higher than $0.39 per share a year earlier. Sales totaled $1.443 billion, exceeding the $1.376 billion estimate.
The earnings release provides a fresh fundamental catalyst for ARMSTOCK, with both adjusted EPS and revenue surpassing analyst expectations. The source does not provide share-price, trading-volume, or capital-flow data.
The Nasdaq Golden Dragon China Index preliminarily closed up 3.6%, with gains spanning China ADRs across data centers, autos, new energy, AI sensing and internet platforms.
VNET preliminarily rose 17.6%, while Autohome gained 13%, Daqo New Energy added 9.7%, Hesai rose 8.3%, Canadian Solar gained 6.8%, and GDS Holdings advanced 6.7%.
Among major internet-related names, Alibaba rose 4.9%, Baidu gained 4.5%, NetEase added 4.2%, Meituan, Tencent and Xiaomi each rose at least about 3.8%, and PDD Holdings gained 2.5%.
China-focused ETFs also advanced, with CQQQ up 6.8% and KWEB up 4.5%.
Oil futures plunged to two-month lows after the Democratic sweep of Congress raised expectations of a potential resolution to the Iran conflict and reduced fears of further U.S. military escalation.
Brent crude fell 8.7% to $94.62 a barrel, while WTI dropped 8.3% to $88.12, with both benchmarks recording their lowest settlements since August 31.
Easing geopolitical tensions could further unwind oil's risk premium, although renewed U.S. strikes on Iran could push Brent above $120 a barrel.
Soybean futures fell 1% to $12.02 1/4 per bushel after StoneX raised its 2026 U.S. soybean yield forecast to 55 bushels per acre, reinforcing expectations of abundant supplies.
StoneX also increased its corn yield estimate to 183.1 bushels per acre, while the USDA reported a 167,000-metric-ton soybean sale to Spain for the 2026/27 marketing year.
Larger-than-expected harvest estimates could continue pressuring soybean futures unless stronger export demand and consumption absorb the expanding supply.
ICE canola futures hit fresh three-month lows on Wednesday as commodity funds liquidated long positions amid weakness across global oilseed markets.
January canola fell C$13.50 to C$768.30 per tonne, while lower crude oil and soyoil prices added selling pressure; slower farmer selling and end-user bargain-hunting provided some support.
Continued fund liquidation and weakness in related oil markets could keep canola prices under pressure, although reduced farmer selling may limit further losses.
CBOT wheat futures touched a four-month low on Wednesday as traders assessed the possibility of a Russia-Ukraine peace deal and increased Black Sea grain shipments.
Kyiv and Moscow confirmed they will join U.S.-brokered peace talks in Abu Dhabi on November 10-11, while December CBOT wheat finished just 1¼ cents lower at $5.98½ per bushel.
Progress toward peace and stronger export flows could add further pressure to wheat prices, although a weaker U.S. dollar may help support export demand.
Airbnb is among nine stocks with the largest options-implied moves ahead of earnings, with a potential $6.69 billion swing cited in the event title. The earnings-focused list is led by IREN, Opendoor, Unusual Machines and Hyperliquid Strategies, according to the supplied summary.
The source provides no Airbnb share-price move, options percentage, earnings date, results, guidance, trading volume or capital-flow data. The immediate catalyst is the approaching earnings event and the options-implied move referenced for Airbnb.
Oil prices plunged nearly 9% Wednesday, putting Brent crude on track for its largest weekly decline since April 2020 as markets priced in a potentially faster end to the Iran war.
Brent settled at $94.62 a barrel, down nearly 17% week to date, while WTI fell about 8% to $88.12; U.S. stocks rallied, with the S&P 500 gaining 1.9%.
If expectations for a ceasefire and restored Strait of Hormuz flows strengthen, crude prices could face further downside, although a near-term diplomatic solution remains uncertain.
Soybean futures fell to an 11-week low on Wednesday as a 9% drop in crude oil prices weighed on the biofuel-linked crop.
January CBOT soybeans declined 11¾ cents to $12.02¼ per bushel, while December soyoil fell to its lowest level since April 20.
Continued weakness in crude oil and soyoil could keep pressure on soybean futures despite the reported 167,000-metric-ton export sale to Spain.
Soybean futures extended losses, falling 1% to $12.02¼ per bushel after StoneX raised its 2026 U.S. soybean yield forecast to a record-focused 55 bushels per acre from 54.1 previously.
StoneX also increased its corn yield estimate to 183.1 bushels per acre, while U.S. soybean exports received a 167,000-metric-ton sale to Spain and corn futures gained 0.4%.
Higher expected crop supplies could continue pressuring soybean and corn prices unless stronger export demand absorbs the expanding production outlook.
Tokenization of traditional financial assets, including stocks, bonds, funds and cash, could reshape financial markets by moving ownership records and settlement onto blockchains.
Institutional adoption is driving the shift, with potential benefits including faster settlement, fractional ownership and easier borrowing against tokenized assets, although liquidity, regulation and legacy infrastructure remain major obstacles.
The gradual transition toward blockchain-based financial infrastructure could create significant opportunities for digital asset markets while intensifying competition between traditional financial institutions and blockchain-based platforms.
Fairshake, the crypto industry's leading political super PAC, suffered a major electoral setback after spending $56 million to defeat Sherrod Brown, who won his Senate race by nearly 5%. Despite spending approximately $154 million on campaign advertising, Fairshake also failed to prevent several crypto-critical or industry-opposed candidates from winning, while Democrats secured a strong Senate majority and crypto advocates lost key House seats.
The election results could complicate the passage of major crypto legislation, although Fairshake retains $56 million for the 2028 elections and says it will continue its political spending.
HP has appointed former GSK CEO Emma Walmsley as chief executive, a leadership change as the company faces rising memory costs, declining PC shipments and expanding AI opportunities. HP shares rose after the announcement, according to the supplied summary.
Walmsley moves from pharmaceuticals to the PC industry as HP manages chip-related cost pressures and weaker shipments. Her appointment puts HP’s AI strategy, memory costs and PC demand under new leadership. Named listed peers include Dell, Apple and Microsoft.
ICE canola futures fell to fresh three-month lows on Wednesday as speculators liquidated long positions, with January contracts dropping C$13.50 to C$768.30 per tonne.
Weakness in Chicago soyoil, European rapeseed, Malaysian palm oil and crude oil added selling pressure, while slower farmer selling and end-user bargain hunting provided some support.
The bearish technical trend and continued fund liquidation could keep pressure on canola, although bargain buying may limit further downside.
Cocoa futures recovered 0.8% after hitting a one-month low, while arabica coffee tumbled 1.5% to its lowest level in more than a month as abundant supplies and weak demand expectations pressured agricultural commodities.
New York cocoa settled at $5,456 per ton despite concerns over a 4.3% contraction in the global chocolate market, while Brazil's October coffee exports could reach record levels.
Potential cocoa production declines in Ivory Coast and Ecuador could support prices longer term, but expanding coffee exports and elevated cocoa inventories may maintain near-term downside pressure.
CBOT corn futures rebounded on Wednesday, closing higher after hitting a four-month low during the trading session.
December corn (CZ26) gained 1-3/4 cents to $4.44-1/4 per bushel after touching $4.38-1/2, while rain disruptions slowed U.S. harvesting and farmer crop sales.
The technical rebound and reduced selling pressure could support further stabilization, although upcoming USDA export sales data may influence the next price move.
Bitcoin rebounded above $80,000, recovering its losses from the Binance hack as markets absorbed the U.S. midterm election results with limited disruption.
BTC climbed 3.5% to $80,500, while ETH gained nearly 6% to $2,433; crypto futures volume increased 27%, but open interest rose just 3%, suggesting limited new leverage.
Improved institutional custody infrastructure and continued market resilience could support Bitcoin's recovery, although holding the $76,000–$78,000 support zone and sustaining momentum above $80,000 remain key tests.
US private-sector employment increased by 86,000 in October, above the market expectation of 69,000 and unchanged from the revised September figure, according to ADP.
Hiring was led by services. Trade, transportation and utilities added 39,000 jobs, education and health services added 28,000, leisure and hospitality added 19,000, and financial activities added 15,000. Construction added 13,000 jobs.
Professional and business services cut 27,000 jobs, while natural resources and mining declined by 8,000 and information services by 2,000. Medium-sized employers added 33,000 jobs, large firms added 24,000, and small businesses added about 28,000.
ADP reported that job changers saw pay rise 4.8% year on year, while all workers' base pay rose 3.2% and total compensation rose 4.7%. The next major labor-market test is the October nonfarm payrolls report due Friday. Market expectations cited in the source are for 65,000 payroll additions, versus 29,000 in September, and an unemployment rate of 4.2%.
U.S. Midwest corn and soybean basis bids held steady to higher as slow farmer selling prompted some buyers to raise cash-market bids despite ongoing harvest supplies.
Soybean harvesting reached 88%, ahead of the five-year average of 84%, while corn harvesting stood at 74%; meanwhile, U.S. exporters sold 167,000 metric tons of soybeans to Spain for 2026/2027 delivery.
Weak export demand and continued harvest pressure could limit further gains, although slower farmer selling may provide support for Midwest cash grain prices.
McDonald's reported Q3 earnings of $3.57 per share, beating estimates, while its stock jumped 6%. The company cited strong international sales and recovering U.S. traffic as drivers of the result. CEO Chris Kempczinski also warned about inflation in 2027 and urged extreme caution on pricing, putting future menu-price decisions in focus.
U.S. consumer and retail stocks are emerging as potential winners after Democrats' midterm election sweep, as expectations of greater political checks and balances boost investor confidence.
The Dow Jones recorded its strongest post-midterm gain in more than four decades, while consumer discretionary and consumer staples ETFs posted significant advances amid falling oil prices and expectations of reduced policy uncertainty.
Potential pressure on energy costs, improved labor availability, and stronger consumer purchasing power could further support retailers and consumer-facing companies, although the impact on corporate profits may take time to materialize.
WTI crude oil plunged 8.73% to $87.70 per barrel as Democrats' sweeping U.S. midterm election victory eased fears of renewed U.S.-Iran military escalation and removed much of oil's geopolitical risk premium.
The selloff came despite U.S. crude inventories falling by 870,000 barrels, while gasoline and distillate inventories also declined, highlighting the contrast between easing geopolitical concerns and tightening inventory levels.
Oil prices could remain under pressure if expectations of reduced U.S.-Iran tensions persist, although the possibility of renewed military action leaves significant upside supply-risk uncertainty.
Gold remains under selling pressure, with prices approaching the critical $3,900 support zone as traders await the December 8–9 Federal Reserve decision.
Gold futures traded at $3,946.85, down 0.57%, while spot gold stood at $3,935.13, down 0.24%, with the broader technical trend showing lower highs and lower lows.
A hawkish Fed outlook or higher interest rates could intensify gold's decline toward $3,800, while softer inflation and employment data could support a recovery.
Trump-linked crypto tokens suffered sharp losses following Democratic victories in the US midterm elections, diverging from a broader crypto market rally.
Official Trump (TRUMP) plunged 17% to $1.33, while World Liberty Financial (WLFI) fell over 7% to $0.047; meanwhile, Bitcoin gained over 4% and Ether climbed 6%.
The election outcome could increase scrutiny of Trump family-linked crypto ventures and create further regulatory uncertainty, potentially intensifying selling pressure on politically associated tokens.
Gold surged 3.4% on Wednesday, heading for its biggest daily gain since August as a sharply weaker U.S. dollar boosted demand for precious metals and pushed spot gold back above $4,000 an ounce.
Spot gold reached $4,059.95, while silver gained 4.9%, platinum climbed 5.6%, and palladium advanced 7.5%; investors are now watching Friday's U.S. nonfarm payrolls report for clues on Fed policy.
Further dollar weakness and expectations of easier monetary policy could extend the precious metals rally, although stronger employment data and potential Fed rate hikes could limit upside.
Democratic control of the U.S. House is set to reshape congressional leadership and potentially change the direction of crypto legislation, putting the future of major digital asset bills in flux.
House Financial Services Committee Chair French Hill's reelection remains too close to call despite 99% of votes reported, while Maxine Waters is expected to regain the committee chair position.
The leadership transition could delay, reshape, or alter the path of crypto regulation, creating uncertainty around future stablecoin and digital asset legislation.
U.S. stocks surged following a Democratic sweep of Congress, with the Dow jumping approximately 1,500 points, or 3%, while oil prices declined amid rising hopes for a U.S.-Iran peace deal.
The Nasdaq gained nearly 2%, Treasury yields fell, and the dollar weakened against the euro and Japanese yen as investors reassessed the political and geopolitical outlook.
The rally could continue if expectations for geopolitical de-escalation improve, while potential restrictions on data center development could reshape competitive dynamics in the AI sector.
CBOT corn and wheat futures rebounded on Wednesday from four-month lows as bargain buying and technical buying lifted prices after recent heavy selling.
Corn gained 3.25 cents to $4.45¾ per bushel, while wheat rose 2.5 cents to $6.02¼; soybeans fell 9 cents to $12.05 after touching an 11-week low.
The rebound could extend if oversold conditions and slower harvest-related cash sales continue easing pressure, although record-large crop expectations may limit upside.
U.S. ethanol production reached its second-highest level on record last week, averaging 1.143 million barrels per day, according to the EIA.
Production increased from 1.118 million barrels per day the previous week, while September corn used for ethanol totaled 438 million bushels, down 9% month over month but up 1% year over year.
Near-record ethanol production could support continued corn demand, potentially providing a bullish influence on corn futures.
U.S. natural gas inventories are expected to have increased by 81 billion cubic feet last week, significantly exceeding the five-year seasonal average of 61 billion cubic feet.
If confirmed, storage would reach 3.805 trillion cubic feet, approximately 1.5% above the five-year average, while unusually mild temperatures limited heating demand.
Above-normal injections and forecasts for another 66 billion cubic feet of additions could pressure U.S. natural gas prices as supply comfortably exceeds seasonal norms.
U.S. Treasury yields fell as investors reacted to Democrats taking control of both chambers of Congress, raising expectations of political gridlock, weaker government spending and easing inflationary pressures.
Oil prices tumbled more than 9% on hopes for Middle East peace, while the 10-year Treasury yield dropped 5.2 basis points to 4.898% and the 2-year yield fell to 4.579%.
Lower energy prices and potential moderation in AI spending could ease inflation and Treasury yields, although uncertainty over fiscal policy and the Iran conflict could sustain market volatility.
Global stocks and cryptocurrencies rallied after Democrats secured control of both chambers of Congress, easing political uncertainty and boosting investor sentiment across financial markets.
The Dow surged 2.89%, the S&P 500 gained 1.85%, Bitcoin climbed 3.22% to $80,316, and Ethereum advanced 5.8% to $2,425, while Brent crude plunged 9% to $94.50 per barrel.
Greater political clarity and falling Treasury yields could continue supporting risk assets, although potential AI regulatory scrutiny and weakness in oil markets may create sector-specific pressure.
West African crude markets remained subdued as traders faced weakening price expectations, falling outright crude prices and softer physical oil-market conditions.
No deals were recorded in the Platts trading window, while falling freight rates and sharply weaker North Sea crude differentials added pressure to market sentiment.
Continued weakness in physical crude markets could push West African crude differentials lower, particularly if North Sea weakness spills over into the region.
Opendoor Technologies Inc. (NASDAQ: OPEN) shares surged Wednesday ahead of the company’s third-quarter earnings report, due after Thursday’s market close. The stated catalyst is investor positioning before the scheduled results release. The available information provides no share-price percentage change, trading volume, earnings estimates, or guidance details.
European wheat futures extended their decline to a 3.5-month low as a stronger euro and expectations of progress in Russia-Ukraine peace talks increased pressure on prices.
December Euronext wheat settled 0.6% lower at €224 per metric ton after touching €222.75, while traders reported offers for more than 160,000 tons of Russian wheat for Baltic shipment.
Potential progress toward a Black Sea shipping agreement and rising Russian export volumes could intensify competition for European wheat and keep prices under pressure, although strong French export demand may limit the downside.
European stocks surged on Wednesday, with major indexes posting strong gains as better-than-expected corporate earnings, falling oil prices and the decisive Democratic victory in U.S. midterm elections boosted investor sentiment.
The pan-European Stoxx 600 climbed 1.86%, while Germany's DAX gained 1.37% and France's CAC 40 advanced 2.19%; Brent crude plunged approximately 8% to $95 per barrel.
Easing political uncertainty and softer bond yields could further support European equities, although weakness in oil prices may continue pressuring energy stocks.