Corn slips ½¢ to $4.54½ after three lower closes
Published
Dec corn is at $4.54½ overnight, ½ cent under Monday's settle, and has given back a few cents all week. Beans are up 7½ cents to $12.48¾ after Monday's drop.
Only on AGSIST
On Monday, Oct 26, 1,569 of the 1,798 elevators AGSIST reads posted a lower cash corn bid than Friday, 137 a higher one; 288 changed their basis, 111 weaker and 177 stronger.
92 unchanged; median change 2¢ lower. Biggest state move: Iowa, 2¢ lower (447 elevators).
On Monday, Oct 26, 1,502 of the 1,571 elevators AGSIST reads posted a lower cash soybean bid than Friday, 3 a higher one; 261 changed their basis, 102 weaker and 159 stronger.
66 unchanged; median change 14¢ lower. Biggest state move: Iowa, 14¢ lower (403 elevators).
Corn basis on Oct 27 ran from 55¢ over December futures in Texas to 90¢ under in North Dakota, state medians of the elevators AGSIST read at 3:57 a.m. CT.
Elevators behind each median: Texas 17, North Dakota 40. 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/2026-10-27. How this briefing is made · Monthly: AGSIST Cash Bid Index
Corn harvest price so far: $4.81 vs $4.62 projected (+4.1%), 18 of 22 trading days in.
Soybeans harvest price so far: $12.72 vs $11.09 projected (+14.7%), 18 of 22 trading days in.
Ours: the average of the daily CBOT settles through Oct 26, figured the way USDA RMA does. RMA posts corn at $4.82 and soybeans at $12.74, both through Oct 23. Window and projected price: USDA RMA, as of Oct 26. Oct 1-31 window, most states. Harvest price tracker →
- Dec corn is at $4.54½ overnight, off ½ cent after a string of lower closes.
- Nov beans are at $12.48¾, up 7½ cents, while meal gained 0.5% and soybean oil lost 0.4%.
- Nothing new is out overnight for either grain.
- WTI is at $102.51 overnight, up 0.7% from Monday's $101.76 settle, with the Iran conflict and peace talks still driving it.
- Natural gas is up 16.0% at $3.02, the one big mover on the board, and the news gives no reason for it.
- Feeder cattle settled Monday at $349.90, up 0.5%, and live cattle edged up to $229.975.
- Lean hogs for December settled at $64.675, down 1.4%.
- Farmdoc says the partial reopening of Mexican cattle trade still carries uncertainty over New World screwworm.
- Thursday, Oct 29, 7:30 a.m. CTExport sales. Soybean sales near 1.5 MMT would look solid after Monday's drop.
- OngoingDec corn closing under $4.50 would stretch the slide to another lower close.
- OngoingWTI holding over $100 would keep fuel costs high; peace talks could pull it lower.