AGSIST DAILY · ISSUE #205 — ARCHIVE
↔ Mixed WEEKEND EDITION
Sunday, October 4, 2026
● Sponsor this slot →

CORN CLOSES UNDER $5 WITH HARVEST STUCK IN THE RAIN

Corn settled Friday at $4.97, soybeans at $12.77, both down 20 to 40 cents on the week by the wire's own math. Record El Nino rain has stalled harvest across the Corn Belt at the exact moment farmers need combines rolling and bins filling.

Quotes as of 8:44 PM CT Fri · change vs Thu close · CME futures, delayed
THE NUMBER
20-40
cents, weekly grain decline range
Corn and soybeans both lost 20 to 40 cents this week even as rain shut down combines, funds sold into weak basis anyway.
DAILY QUOTE

“It ain't over till it's over.”

Yogi Berra
Grains Grind Lower Into HarvestMEDIUM CONVICTION
  • Corn closed Friday at $4.97, back under the $5 line that held most of the week, with soybeans flat at $12.77 and Chicago wheat the lone green close at $6.83.
Funds are pressing the short with combines parked, not waiting on the weather to turn.
Cattle Soft, Hogs FirmLOW CONVICTION
  • Live cattle eased to $218.95, feeders broke harder at $334.27 down 1.5%, while lean hogs firmed to $77.88.
  • Forage inventory advice is circulating ahead of winter feeding, a sign ranchers are already planning past this fall's cattle weakness.
Feeders leading cattle lower says the fall placement pace is the story, not demand.
THIS WEEK'S WATCH LIST
  • Monday 3:00 PM CTCrop Progress; corn harvest pace below last year's 5-year average confirms the rain delay is real money.
  • Week aheadCorn holding below $5.00 keeps fund selling in control; a close back above flips the story.
  • Farm BillWatch for a Senate Ag revote; SNAP cost-share fight is the line that has to break before September extension expires.
WEEK AHEAD IN AGWhat's brewing for next week.
POLICY
Farm Bureau presses Trump for diesel tax relief
Zippy Duvall wants the federal highway diesel tax suspended as fall fieldwork costs climb, a direct ask with harvest already behind schedule.
Written by Sigurd Lindquist, founder. Reply at sig@farmers1st.com — I read everything.
Know a farmer who’d want this?
Forward this briefing. Or new here? Subscribe in one tap.
Subscribe →
Share
AgWeb, Feedstuffs, Agri-Pulse, The Fence Post, Beef Magazine, OilPrice.com, EIA, CME/CBOT settlement data · Compiled 10:26 AM CT Sun
Today's Briefing →
Browse All Briefings →