AGSIST DAILY · ARCHIVE
Saturday, November 7, 2026
! Cautious WEEKEND EDITION

Corn, beans and wheat all fell this week; hogs sank

Published

Corn and soybeans bounced a little Friday after a rough week of fund selling. Hogs did not bounce. December hogs closed at $53.525, down 2.9% and near the bottom of their 52-week range.

Only on AGSIST

  1. On Friday, Nov 6, 1,421 of the 1,824 elevators AGSIST reads with the same delivery month both days posted a higher cash corn bid than Thursday, 12 a lower one; 187 changed their basis, 9 weaker and 178 stronger.

    391 unchanged; median change 1¢ higher. Biggest state move: Iowa, 1¢ higher (384 elevators). 2 outliers left out.

  2. On Friday, Nov 6, 1,579 of the 1,599 elevators AGSIST reads with the same delivery month both days posted a higher cash soybean bid than Thursday, 11 a lower one; 248 changed their basis, 89 weaker and 159 stronger.

    9 unchanged; median change 5¢ higher. Biggest state move: Oklahoma, 8½¢ higher (45 elevators).

  3. Corn basis on Nov 7 ran from 55¢ over December futures in Texas to 90¢ under in North Dakota, state medians of the elevators AGSIST read at 4:18 a.m. CT.

    Median of 17 elevators in Texas, 49 in North Dakota. 15 states with 15 or more. USDA's North Dakota average on Nov 6: 88 under Dec (USDA AMS, North Dakota Daily Grain Bids, Nov 6, 2026).

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/2026-11-07. How this briefing is made · Monthly: AGSIST Cash Bid Index

CornDec '26
$4.41½▲ +1 1/2¢ (+0.34%)
SoybeansNov '26
$11.89▲ +8¢ (+0.68%)
Wheatnearby
$5.91¼▼ −8¢ (−1.33%)
Week so far: Corn −6 1/4¢ (−1.40%), Soybeans −33 1/4¢ (−2.72%)
Month to date: Corn −6 1/4¢ (−1.40%), Soybeans −33 1/4¢ (−2.72%)
Exchange settles, Fri Nov 6 · change vs Thu settle · Yahoo Finance, delayed
THE NUMBER
-72,318
contracts, weekly change in fund corn position
CFTC says managed money is still net long 8,795 corn contracts as of Tuesday.
Corn and beans bounce, wheat slips
  • December corn settled at $4.41½ Friday, up 1½ cents, and January soybeans gained 5½ cents to $11.93¾.
  • Dec wheat gave back 8 cents to $5.91¼.
A small bounce after a week like this proves little.
Hogs lead livestock lower
  • December hogs settled at $53.525, down 2.9%, and December live cattle slipped 0.2% to $214.05.
  • USDA AMS put cash hogs at $58.00 carcass base on Nov 5 kills, with the pork cutout at $70.65.
Cash hogs are holding up better than the futures.
THIS WEEK'S WATCH LIST
  • Tuesday, Nov 10, 11:00 a.m. CTWASDE. Corn ending stocks above 1.849 billion bushels would weigh on December corn at $4.41½.
  • Monday, Nov 9, 3:00 p.m. CTCrop Progress. Soybean harvest was 88% done Nov. 1; anything above 95% means harvest pressure is finished.
  • Monday, Nov 9December hogs at $53.525. A settle under $53.00 would put them at a new 52-week low.
OUTSIDE THE PITNot moving prices today, but worth knowing.
DISEASE
State groups ask USDA to approve dairy bird flu vaccine
Animal health officials say dairy needs more tools against avian influenza after Indiana's confirmed herd case.
Source: feedstuffs.com
INPUTS
Oil traders ask U.S. to free sanctioned tankers
A vessel shortage is pushing freight costs very high. Fuel costs stay a worry for farm budgets.
Source: oilprice.com
By Sigurd Lindquist, CCA. How this briefing is made. Reply at sig@agsist.com. I read everything.
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CME settlements, USDA AMS, CFTC, AgWeb, Feedstuffs · Compiled 5:55 AM CT Sat
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