AGSIST DAILY · ARCHIVE
Wednesday, October 14, 2026
↔ Mixed

Crude tops $95 on more tanker threats; grain holds steady

WTI crude is at $95.36 overnight, up 1.3%, after Iran told Reuters its forces plan to intensify strikes on tankers in the Strait of Hormuz. Corn and wheat drifted lower overnight while beans firmed to $12.90½. Diesel costs for fall fieldwork are the thing to watch, not the grain board.

Harvest price clock

Corn harvest price so far: $4.95 vs $4.62 projected (+7.1%), 9 of 22 trading days in.

Soybeans harvest price so far: $12.88 vs $11.09 projected (+16.1%), 9 of 22 trading days in.

Average of the daily CBOT settles through Oct 13, figured the way USDA RMA does. RMA posts corn at $4.96. RMA posts soybeans at $12.89. Window and projected price: USDA RMA, as of Oct 13. Oct 1-31 window, most states. Harvest price tracker →

Quotes as of 5:46 AM CT Wed · change vs Tue close · Yahoo Finance, delayed, not CME settlements
THE NUMBER
770 million
RINs EPA proposes reallocating
EPA wants to reallocate all of 2025's exempted biofuel volumes back into the mandate, a win for corn-based ethanol demand if it holds.
Corn and wheat drift, beans firm
  • Corn is at $4.81½ overnight, down 1¼ cents from Tuesday's $4.82¾ settle, still digesting last week's WASDE.
  • Chicago wheat slipped 3 cents to $6.66¼ while soybeans gained 6¾ cents to $12.90½.
  • CME says corn futures set a daily volume record, a sign of how much trade has moved through this market since Friday's report.
Beans are the one leg of the complex still finding buyers this week.
Crude pushes toward $95 on Hormuz threats
  • WTI is at $95.36 overnight, up 1.3% from Tuesday's $94.14, after Iran signaled new tactics for tanker strikes in the Strait of Hormuz.
  • This is the same Iran-Hormuz cycle that flared in July, cooled through August, and is now showing signs of life again.
Diesel costs for fall fieldwork move with this, not with the grain board.
TODAY'S WATCH LIST
  • Thursday 7:30 a.m. CTWeekly export sales; soybean bookings tied to China's purchase pace are the number to watch.
  • OngoingWTI above $95 for more than a couple sessions would say the Hormuz premium is building again, not fading.
  • OngoingCorn back under $4.80 would confirm harvest supply, not the WASDE bounce, is setting the tone.
OUTSIDE THE PITNot moving prices today, but worth knowing.
POLICY
EPA proposes reallocating a year's worth of waived biofuel volumes
EPA wants to put 770 million RINs worth of 2025 exempted volumes back into the Renewable Fuel Standard, a potential lift for corn demand.
Written by Sigurd Lindquist, Certified Crop Adviser (CCA). Reply at sig@farmers1st.com. I read everything.
$Your local elevator bids →
Know a farmer who’d want this?
Forward this briefing. Or new here? Subscribe in one tap.
Subscribe →
Share
CME/CBOT overnight quotes, USDA, EPA, Reuters, AgWeb, Drovers, Feedstuffs, OilPrice.com · Compiled 5:47 AM CT Wed
Today's briefing →