Corn ends the week at $4.56 as crude gains 3.8% to $103
Published
Corn closed Friday at $4.56, down 4½ cents, while beans added 3½ cents to $12.56½. Crude ran the other way, up 3.8% to $103.27 as Saudi-Houthi tension pushed Brent toward $120.
Only on AGSIST
On Friday, Oct 23, 1,695 of the 1,817 elevators AGSIST reads posted a lower cash corn bid than Thursday, 54 a higher one; 161 changed their basis, 61 weaker and 100 stronger.
68 unchanged; median change 4¢ lower. Biggest state move: Iowa, 4¢ lower (458 elevators).
On Friday, Oct 23, 498 of the 1,599 elevators AGSIST reads posted a lower cash soybean bid than Thursday, 152 a higher one; 258 changed their basis, 160 weaker and 98 stronger.
949 unchanged; median change 0¢. Biggest state move: Michigan, 1¢ lower (16 elevators).
Corn basis on Oct 24 ran from 55¢ over December futures in Texas to 87¢ under in North Dakota, state medians of the elevators AGSIST read at 5:36 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/2026-10-24. How this briefing is made · Monthly: AGSIST Cash Bid Index
Corn harvest price so far: $4.82 vs $4.62 projected (+4.3%), 17 of 22 trading days in.
Soybeans harvest price so far: $12.74 vs $11.09 projected (+14.9%), 17 of 22 trading days in.
Ours: the average of the daily CBOT settles through Oct 23, figured the way USDA RMA does. RMA posts corn at $4.84 and soybeans at $12.75, both through Oct 22. Window and projected price: USDA RMA, as of Oct 23. Oct 1-31 window, most states. Harvest price tracker →
- Corn fell 1.0% to $4.56, a lower close, and beans added 0.3% to $12.56½.
- Wheat was flat at $6.25, and Friday's trade was a small-change session heading into the weekend.
- USDA admitted a data error in its September corn report, but the 181.2-bushel yield stays as published.
- Live cattle settled at $229.88, up 0.1%, and feeders gained 0.6% to $348.33.
- The October Cattle on Feed report showed September placements and marketings at the lowest in the series.
- USDA also changed its cash cattle reports, and the first screwworm find in US wildlife was confirmed in a Texas elk.
- WTI gained 3.8% to $103.27 on Saudi-Houthi tension, and Brent is closing in on $120.
- The US is again drawing on its Strategic Petroleum Reserve, already at its lowest since 1982.
- Natural gas fell 5.6% to $2.64, near the bottom of its 52-week range.
- Monday, Oct 26, 3:00 p.m. CTCrop Progress. Corn and bean harvest pace shows how fast supply is reaching the market.
- Thursday, Oct 29, 7:30 a.m. CTExport sales. Weak soybean numbers would sit poorly beside China's 25 million ton pledge.
- OngoingWTI above $103 and Brent nearing $120 would keep fuel costs rising into November.