Corn down 6 straight days to $4.59½; beans down 7 to $12.45
Published
Corn closed Tuesday at $4.59½, its sixth lower close in a row, and soybeans at $12.45 made it seven. A corn bushel is worth about 15 cents less than a week ago. Harvest is pushing the selling, and nothing new came overnight.
Only on AGSIST
On Tuesday, Oct 20, 1,749 of the 1,810 elevators AGSIST reads posted a lower cash corn bid than Monday, 54 a higher one; 243 changed their basis, 137 weaker and 106 stronger.
7 unchanged; median change 4¢ lower. Biggest state move: Oklahoma, 6¢ lower (45 elevators). 1 outlier left out.
On Tuesday, Oct 20, 1,520 of the 1,592 elevators AGSIST reads posted a lower cash soybean bid than Monday, 68 a higher one; 264 changed their basis, 163 weaker and 101 stronger.
4 unchanged; median change 4¢ lower. Biggest state move: Oklahoma, 7¢ lower (45 elevators).
Corn basis on Oct 21 ran from 55¢ over December futures in Texas to 85¢ under in North Dakota, state medians of the elevators AGSIST read at 3:36 a.m. CT.
Elevators behind each median: Texas 17, North Dakota 45. 15 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/2026-10-21. How this briefing is made · Monthly: AGSIST Cash Bid Index
Corn harvest price so far: $4.87 vs $4.62 projected (+5.4%), 14 of 22 trading days in.
Soybeans harvest price so far: $12.78 vs $11.09 projected (+15.2%), 14 of 22 trading days in.
Ours: the average of the daily CBOT settles through Oct 20, figured the way USDA RMA does. RMA posts corn at $4.89 and soybeans at $12.81, both through Oct 19. Window and projected price: USDA RMA, as of Oct 20. Oct 1-31 window, most states. Harvest price tracker →
- Dec corn is down 2½ cents overnight, and Nov soybeans are down 3¼ cents.
- Wheat is down 4¾ cents to $6.38½.
- AgWeb blames harvest and technical selling.
- Live cattle settled Tuesday at $229.45, up 0.9%, feeders gained 0.4% to $345.90, and hogs added 1.2% to $67.15.
- AgWeb says cattle made near-term highs, and the Columbus, N.M., port resumes cattle trade Oct. 26.
- WTI is at $100.02 overnight, down 1.7%, and the Energy Department is pressing refiners to raise diesel output.
- OngoingDec corn holding $4.59 would end a six-day slide; a lower close would make seven.
- Thursday, Oct 22, 7:30 a.m. CTWeekly export sales: soybeans are the number to watch after seven lower closes.