Corn at $4.67¾ and beans at $12.57½ barely move after losing streaks
Published
Corn at $4.67¾ and soybeans at $12.57½ are both a few cents higher overnight, which is hardly a bounce after streaks of five and six lower closes. A farmer holding unpriced bushels is still looking at the lowest prices of the run.
Only on AGSIST
On Monday, Oct 19, 1,464 of the 1,476 elevators AGSIST reads posted a lower cash corn bid than Friday, 11 a higher one; 277 changed their basis, 123 weaker and 154 stronger.
1 unchanged; median change 9¢ lower. Biggest state move: Iowa, 9¢ lower (343 elevators). 2 outliers left out.
On Monday, Oct 19, 1,271 of the 1,285 elevators AGSIST reads posted a lower cash soybean bid than Friday, 4 a higher one; 138 changed their basis, 49 weaker and 89 stronger.
10 unchanged; median change 10¢ lower. Biggest state move: Minnesota, 10¾¢ lower (138 elevators).
Corn basis on Oct 20 ran from 12¢ over December futures in Colorado to 80¢ under in North Dakota and South Dakota, state medians of the elevators AGSIST read at 5:37 a.m. CT.
Elevators behind each median: Colorado 26, North Dakota 41, South Dakota 97. 13 states with 15 or more.
Counted by code from the elevator boards AGSIST reads itself, not by the writer of this briefing. A day's change is each board's last posted bid against its own on the trading day before, same delivery period. Quote it with the date and a link to agsist.com/daily/2026-10-20. How this briefing is made · Monthly: AGSIST Cash Bid Index
Corn harvest price so far: $4.89 vs $4.62 projected (+5.8%), 13 of 22 trading days in.
Soybeans harvest price so far: $12.81 vs $11.09 projected (+15.5%), 13 of 22 trading days in.
Ours: the average of the daily CBOT settles through Oct 19, figured the way USDA RMA does. RMA posts corn at $4.91 and soybeans at $12.83, both through Oct 16. Window and projected price: USDA RMA, as of Oct 19. Oct 1-31 window, most states. Harvest price tracker →
- Corn took out its report low Monday as funds kept selling, and it is at $4.67¾ overnight.
- Soybean inspections were strong Monday, but prices still struggled, and beans are at $12.57½ overnight.
- Meal slipped 0.5% to $352.90 while soybean oil gained 0.8% to $67.23.
- WTI is at $100.71 overnight, down 2.8%, after the Trump-Putin diesel deal pulled prices lower.
- Brent topped $110 earlier as tanker attacks threaten Persian Gulf supply, and Asian LNG passed $30.
- Natural gas fell 1.9% to $3.00.
- OngoingCorn holding $4.67 would end a five-day slide; a close below it extends the funds' run.
- OngoingBeans back under $12.50 would add to a six-day losing streak.
- Thursday, Oct 22, 7:30 a.m. CTExport sales. Strong soybean numbers would match Monday's inspections.