The weakening of oil was accompanied by falling prices for main cereals and oilseeds that are used to make bio-fuels, like maize for ethanol and oilseeds for bio-diesel. Furthermore, during October climate conditions improved which was reflected by higher output and inventories estimates, while the cheaper oil was reflected by lower transport costs and (to a lesser extent) grain production costs.
In the soy complex, adding to the influence of the financial crisis and the large fall of crude oil prices were the estimates of larger world stocks from the 2008/2009 harvest, mainly in the united states and Latin America.