Corn ends the week at $4.47¾; crude up 2.1% to $104.12
Published
December corn closed Friday at $4.47¾, down 3½ cents, its second lower close in a row. Beans added 2½ cents to $12.22¼, so corn lost a little ground to beans on the week. Crude ended at $104.12, up 2.1%, which keeps diesel costs firm while corn sits near its harvest lows.
Only on AGSIST
On Friday, Oct 30, 1,677 of the 1,778 elevators AGSIST reads posted a lower cash corn bid than Thursday, 84 a higher one; 160 changed their basis, 39 weaker and 121 stronger.
17 unchanged; median change 3¢ lower. Biggest state move: Iowa, 3¢ lower (392 elevators).
On Friday, Oct 30, 1,164 of the 1,538 elevators AGSIST reads posted a lower cash soybean bid than Thursday, 292 a higher one; 415 changed their basis, 350 weaker and 65 stronger.
82 unchanged; median change 1¢ lower. Biggest state move: Nebraska, 3¢ lower (184 elevators).
Corn basis on Oct 31 ran from 55¢ over December futures in Texas to 90¢ under in North Dakota, state medians of the elevators AGSIST read at 5:17 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/2026-10-31. How this briefing is made · Monthly: AGSIST Cash Bid Index
Corn harvest price so far: $4.75 vs $4.62 projected (+2.8%), 22 of 22 trading days in.
Soybeans harvest price so far: $12.63 vs $11.09 projected (+13.9%), 22 of 22 trading days in.
Ours: the average of the daily CBOT settles through Oct 30, figured the way USDA RMA does. RMA posts corn at $4.76 and soybeans at $12.65, both through Oct 29. Window and projected price: USDA RMA, as of Oct 30. Oct 1-31 window, most states. Harvest price tracker →
- December corn settled at $4.47¾, down 3½ cents, and November soybeans added 2½ cents to $12.22¼.
- Feedstuffs called the week's finish lightly mixed, with corn, soybeans and winter wheat going different ways.
- Chicago wheat was about unchanged at $6.03½.
- October live cattle settled at $224.00, down 1.4%, and November feeders fell 2.5% to $337.78.
- AgWeb asked whether the cattle drop alongside weaker cash is more than a healthy correction. Nothing in the news answers that yet.
- December hogs gave back 1.6% to $58.88.
- Monday, Nov 2, 3:00 p.m. CTCrop Progress. Harvest pace shows how much corn and bean supply is coming off the fields.
- OngoingDec corn holding $4.47¾ after two lower closes would show the slide is slowing; a third lower close would not.
- Thursday, Nov 5, 7:30 a.m. CTExport Sales. Soybean sales near last week's pace would keep $12.22¼ on solid footing.