10/30/26 Afternoon CommStock Report- New Highs for Crude Oil, Lows for Metals

The Commstock Report is a twice daily market report. 10/30/2026 New Highs for Crude Oil, Lows for Metals PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update See gold and silver for leading the negative reactions to a tighter money outlook that were reinforced by Friday’s crude oil rally. Hurting most other commodities, crude oil connected to a corresponding move up in soybean oil futures, allowing the soy complex to buoy the grain space. It helped soybeans that only one November soybean contract was issued for delivery on first notice day and it found a stopper. Nobody expected heavy delivery pressure in a carry market with strong enough basis as there were not going to be a lot of commercial traders willing to let go of the physical soybean supply they may own. There can relatedly be seasonal soybean price strength associated with the passing of first notice day for November futures because it marks the end of the most active selling period for farmers delivering on the new harvest, whether across the scale or against previously opened HTA’s and basis contracts. Taking it back to the wider financial market influence, the direction of…