Corn bounces 2¾¢ to $4.51½ after four lower closes
Published · Updated
Dec corn is at $4.51½ overnight, up 2¾ cents from Tuesday's $4.48¾ settle. That ends a run of lower closes. Soybeans are at $12.33¼ overnight, up 4 cents, after two lower closes. A fast harvest has been the weight on grain, and one overnight bounce does not change that.
Only on AGSIST
On Tuesday, Oct 27, 1,621 of the 1,747 elevators AGSIST reads posted a lower cash corn bid than Monday, 51 a higher one; 161 changed their basis, 43 weaker and 118 stronger.
75 unchanged; median change 4¢ lower. Biggest state move: Colorado, 5¢ lower (26 elevators).
On Tuesday, Oct 27, 1,445 of the 1,532 elevators AGSIST reads posted a lower cash soybean bid than Monday, 19 a higher one; 171 changed their basis, 119 weaker and 52 stronger.
68 unchanged; median change 10¢ lower. Biggest state move: Michigan, 13¢ lower (16 elevators).
Corn basis on Oct 28 ran from 55¢ over December futures in Texas to 87¢ under in North Dakota, state medians of the elevators AGSIST read at 6:07 a.m. CT.
Elevators behind each median: Texas 17, North Dakota 43. 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/2026-10-28. How this briefing is made · Monthly: AGSIST Cash Bid Index
Corn harvest price so far: $4.79 vs $4.62 projected (+3.7%), 19 of 22 trading days in.
Soybeans harvest price so far: $12.70 vs $11.09 projected (+14.5%), 19 of 22 trading days in.
Ours: the average of the daily CBOT settles through Oct 27, 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 $4.51½ overnight, up 2¾ cents, after four straight lower closes.
- Feedstuffs reported Tuesday that a swift harvest weighed on corn and soybeans, and winter wheat kept struggling.
- Chicago wheat is at $6.12¼, up 2 cents.
- Dec hogs settled Tuesday at $62.025, down from $64.675 Monday.
- Feeder cattle settled up 0.8% at $352.80. Live cattle held at $230.00.
- Smithfield said lower pork markets challenged its third quarter.
- WTI is at $101.82 overnight, up 1.9%, after renewed Houthi attacks on Saudi Arabia, oilprice.com reported.
- ING strategists say traders are positioning for fresh Iran hostilities after the Nov. 3 elections, and prices would likely drop if none come.
- Natural gas is at $3.07, up 13.9% from Tuesday's $2.70 settle.
- Thursday, Oct 29, 7:30 a.m. CTExport sales. Soybean sales matter against China's pledge of 25 million tons a year.
- OngoingDec corn below $4.48¾, Tuesday's settle, would be a fifth lower close.
- Nov. 3Midterm elections. ING says oil could fall if Iran hostilities do not resume afterward.