Corn dips 3¢ to $4.53, beans lose 16¢ to $12.40
Published
Soybeans gave back 16 cents overnight to $12.40, and meal fell harder at 1.8%, while corn barely moved at $4.53. Beans are carrying the grain market lower today. A bushel of beans is worth about 16 cents less than it was at Friday's close.
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 26 ran from 55¢ over December futures in Texas to 87¢ under in North Dakota, state medians of the elevators AGSIST read at 5:37 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/2026-10-26. 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. Window and projected price: USDA RMA, as of Oct 25. Oct 1-31 window, most states. Harvest price tracker →
- Soybeans are at $12.40¼ overnight, down 1.3%, and meal is down 1.8% to $340.00.
- Corn eased 3 cents to $4.53 after Friday's modest trade, and wheat is up 1 cent at $6.26.
- Feedstuffs says larger inventories and high freight costs are straining grain merchandisers' working capital.
- Live cattle settled Friday at $229.875, up 0.1%, and feeders gained 0.6% to $348.325.
- USDA's October Cattle on Feed showed September placements down 12%, the lowest for the month in the series.
- WTI is at $101.14 overnight, down 2.1% from $103.27, though it holds above $100 on Houthi and Iranian attacks.
- Natural gas is up 13.9% to $3.01, and Europe's gas price is at a four-year high with Qatar's LNG still offline.
- Today 3:00 p.m. CTCrop Progress. Harvest pace shows how much corn and bean supply is reaching the bins.
- OngoingBeans back above Friday's (Oct 23) $12.56½ settle would erase this overnight drop.
- OngoingWTI under $100 would show Gulf supply fears easing; Brent above $114 says they are not.