Corn ends the week at $4.47¾; crude up 2.1% to $104.12
Published
December corn settled Friday at $4.47¾, down 3½ cents, its second lower close in a row, while beans held near $12.22. Corn is giving ground with harvest running and soybeans steady, so the feed side of the ledger got cheaper this week.
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 Nov 1 ran from 55¢ over December futures in Texas to 90¢ under in North Dakota, state medians of the elevators AGSIST read at 4:17 a.m. CT.
Elevators behind each median: Texas 17, North Dakota 43. 14 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/2026-11-01. How this briefing is made · Monthly: AGSIST Cash Bid Index
- December corn settled at $4.47¾, down 3½ cents, while November soybeans added 2½ cents to $12.22¼.
- Wheat finished at $6.03½, barely changed, and AgWeb's Gulke called the grain markets in free fall.
- December hogs settled at $58.88, down 1.6%, near the bottom of their 52-week range.
- October live cattle fell 2.4% to $220.95 and November feeders dropped 2.5% to $337.78, and AgWeb asked if the drop is more than a healthy correction.
- WTI crude was last at $104.12, up 2.1%, in Friday afternoon trading; that is a last trade, not a settle.
- Agri-Pulse reported states were asked to waive dyed diesel restrictions, and Chevron said profits nearly tripled to $9.9 billion on strong refining.
- Monday, Nov 2, 3:00 p.m. CTUSDA Crop Progress. Harvest pace shows how much supply is still coming.
- Thursday, Nov 5, 7:30 a.m. CTExport sales. Weak soybean numbers would sit awkwardly beside steady bean futures near $12.
- OngoingCrude holding above $100 keeps diesel and input costs in the news.