Mexico's record corn sale and Monday's crop report lead the week
Published
A reported record corn sale to Mexico lifted Dec corn to $4.41½ Friday, a small bounce after a losing week. That is a few cents back on a bushel, not a turn in the trend.
Only on AGSIST
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.
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).
Corn basis on Nov 8 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.
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/2026-11-08. How this briefing is made · Monthly: AGSIST Cash Bid Index
- Feedstuffs reported a historic sale to Mexico that could mark a market bottom; that is one outlet's view, not a settled fact.
- Dec wheat settled at $5.91¼, down 8 cents.
- Dec hogs settled at $53.52½, down 2.9% and sitting near the bottom of their 52-week range.
- Dec live cattle settled at $214.05, down 0.2%, and Nov feeders at $322.32½, down 0.8%.
- Monday, Nov 9, 3:00 PM CTCrop Progress. Corn harvest pace shows how much of the crop is out of the field.
- Tuesday, Nov 10, 11:00 AM CTWASDE. Dec corn holding $4.41½ would say the yield news is already priced in.
- Thursday, Nov 12, 7:30 AM CTExport Sales. Corn sales near the Mexico headline would back up the bounce.