AGSIST DAILY · ARCHIVE
Monday, October 12, 2026
↔ Mixed

Corn steadies near $4.81 after Friday's WASDE hit

!Overnight surprises: Feeder Cattle UP 1.7% / Soybean Meal UP 2.2%

Corn is at $4.81 overnight, up a quarter cent from Friday's $4.79¾ settle, a small bounce after Friday's near 4% drop on USDA's yield number. Soybean meal gained 2.2% to $368.70 while beans slipped to $12.83. Monday's quiet bounce doesn't undo Friday's loss on unpriced corn.

Harvest price clock

Corn harvest price so far: $4.98 vs $4.62 projected (+7.8%), 7 of 22 trading days in.

Soybeans harvest price so far: $12.89 vs $11.09 projected (+16.2%), 7 of 22 trading days in.

Average of the daily CBOT settles through Oct 9, figured the way USDA RMA does. Window and projected price: USDA RMA, as of Oct 11. Oct 1-31 window, most states. Harvest price tracker →

Quotes as of 5:45 AM CT Mon · change vs Fri close · CME futures, delayed
THE NUMBER
$634,974
daily rate to charter a supertanker Gulf to China
Supertanker rates pulled back from an all-time high this month as the Iran-Hormuz premium cools, even with two more tankers hit over the weekend.
Corn finds its feet after WASDE
  • Corn is at $4.81 overnight, up a quarter cent, a day after Friday's near 4% drop on USDA's yield number.
  • Soybeans slipped seven cents to $12.83 even with a record crop already priced in from Friday.
  • Soybean meal gained 2.2% to $368.70, the biggest move in the grain complex today.
Meal is doing the work in soy, not beans themselves.
Cattle and feeders keep climbing
  • Live cattle are at $224.98 overnight, up 1.4% from Friday's $221.88 settle.
  • Feeders are up 1.7% to $343.85, extending last week's strength with no Cattle on Feed report behind it.
  • The cattle herd sits at a 75-year low, and that scarcity keeps showing up in both contracts.
Tight supply, not a report, is still driving the cattle bid.
Crude firms as tankers take more hits
  • WTI crude is at $92.52 overnight, up 0.7%, after two more tankers were attacked near the Strait of Hormuz over the weekend.
  • That's part of the Iran-Hormuz cycle, a re-escalation since July that has cooled and flared more than once since spring.
Diesel policy news matters more to farmers right now than another tanker headline.
TODAY'S WATCH LIST
  • Tuesday, Oct 13, 3:00 p.m. CTCrop Progress, delayed a day for Columbus Day. Harvest pace matters more than usual after Friday's yield cut.
  • Thursday, Oct 15, 7:30 a.m. CTExport sales. Strong soybean numbers would help offset Friday's record-crop weight on the board.
  • OngoingCorn back under $4.75 would say Friday's WASDE loss still has room to run.
OUTSIDE THE PITNot moving prices today, but worth knowing.
DISEASE
HPAI confirmed in two Washington dairy herds
These are the state's first avian flu detections in dairy cattle, adding to a small but steady trickle of cases nationally this year.
Written by Sigurd Lindquist, Certified Crop Adviser (CCA). Reply at sig@farmers1st.com. I read everything.
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CME/CBOT overnight quotes as of 5:45 a.m. CT; USDA WASDE; oilprice.com; thefencepost.com; feedstuffs.com; agweb.com · Compiled 5:47 AM CT Mon
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