Corn slips to $4.58¾ and beans hold $12.53 as WTI tops $101
Published
Corn is at $4.58¾ overnight, down 1¾ cents from Thursday's $4.60½ settle. Beans are flat at $12.53¼, and USDA's October yields are still the supply story. Crude is the mover, up 1.6% to $101.09 as Houthi attacks threaten Saudi energy sites.
Only on AGSIST
On Thursday, Oct 22, 1,729 of the 1,791 elevators AGSIST reads posted a lower cash corn bid than Wednesday, 53 a higher one; 200 changed their basis, 56 weaker and 144 stronger.
9 unchanged; median change 4¢ lower. Biggest state move: Iowa, 4¢ lower (447 elevators).
On Thursday, Oct 22, 1,562 of the 1,572 elevators AGSIST reads posted a higher cash soybean bid than Wednesday, 10 a lower one; 205 changed their basis, 112 weaker and 93 stronger.
0 unchanged; median change 14¢ higher. Biggest state move: Iowa, 14¢ higher (403 elevators).
Corn basis on Oct 23 ran from 55¢ over December futures in Texas to 87¢ under in North Dakota, state medians of the elevators AGSIST read at 5:32 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/2026-10-23. How this briefing is made · Monthly: AGSIST Cash Bid Index
Corn harvest price so far: $4.84 vs $4.62 projected (+4.8%), 16 of 22 trading days in.
Soybeans harvest price so far: $12.75 vs $11.09 projected (+15.0%), 16 of 22 trading days in.
Ours: the average of the daily CBOT settles through Oct 22, figured the way USDA RMA does. RMA posts corn at $4.85 and soybeans at $12.76, both through Oct 21. Window and projected price: USDA RMA, as of Oct 22. Oct 1-31 window, most states. Harvest price tracker →
- Corn is at $4.58¾ overnight, down 1¾ cents, and wheat is up ¼ cent at $6.25.
- Soybeans are flat at $12.53¼ even though feedstuffs.com says prices are finally noticing Chinese sales.
- Corn and winter wheat slid again Thursday, and harvest supply is still the weight.
- Live cattle settled Thursday at $229.75, down 0.3%, and feeders fell 0.5% to $346.10.
- AgWeb says cattle hit three-month highs this week, so this is a small give-back.
- USDA plans to reopen the Columbus, N.M., crossing to Mexican cattle Oct. 26, even with two new screwworm cases confirmed.
- WTI is at $101.09, up 1.6%, on Houthi attacks threatening Saudi energy infrastructure.
- Natural gas is up 11.8% to $3.13, and European gas hit its highest level since 2022 as Qatari LNG flows stay restricted.
- USDA put $1.3 billion toward fertilizer manufacturing, a slow fix for input costs.
- OngoingCorn back under $4.50 would say harvest supply is still winning.
- OngoingWTI holding above $100 would keep fuel and fertilizer costs in focus.
- Monday, Oct 26Columbus, N.M., crossing reopens to Mexican cattle; new screwworm cases are a risk.