AGSIST DAILY · ARCHIVE
Monday, November 9, 2026
! Cautious

Crude slips 2.9% to $88.18 as Trump signals no new Iran strikes

Published

WTI crude is at $88.18 overnight, down 2.9% from Friday's $90.83 settle, after President Trump signaled no immediate plans for more attacks on Iran. Grains barely moved ahead of Crop Progress at 3:00 p.m. CT, with December corn at $4.43.

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. Of 1,763 elevators AGSIST reads with a fresh corn bid on Nov 9, 171 were paying over futures, most of them in Kansas (34).

    1,564 under futures, 28 even. Each board against the futures month it names.

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/2026-11-09. How this briefing is made · Monthly: AGSIST Cash Bid Index

CornDec '26
$4.43▲ +1 1/2¢ (+0.34%)
SoybeansNov '26
$11.89▲ +8¢ (+0.68%)
Wheatnearby
$5.89¼▼ −2¢ (−0.34%)
Month to date: Corn −4 3/4¢ (−1.06%), Soybeans −33 1/4¢ (−2.72%)
Exchange settles, Mon Nov 9, except the last trade for Corn and Wheat as of 5:45 AM CT Mon · change vs Fri settle · Yahoo Finance, delayed
THE NUMBER
8,795
contracts, funds' net long in corn
Funds cut 72,318 contracts in the week to Nov. 3, mostly by adding new shorts, and they hold only a thin net long.
Crude slips on Iran signal
  • WTI crude is at $88.18 overnight, down 2.9% from Friday's $90.83 settle.
  • Reports say President Trump signaled no further attacks on Iran for now, even with fresh word of tanker attacks near Hormuz.
Cheaper crude eases pressure on diesel costs.
Grains flat before reports
  • December corn is at $4.43 overnight, up 1½ cents from Friday's $4.41½ settle.
  • Jan soybeans are at $11.94¾, up 1 cent, and December wheat is at $5.89¼, down 2 cents.
Quiet trade reflects a market waiting on USDA.
TODAY'S WATCH LIST
  • Today, 3:00 p.m. CTCrop Progress. Corn harvest was 74% done the week ending Nov. 1, against a 77% five-year average.
  • Tuesday, Nov. 10, 11:00 a.m. CTWASDE and Crop Production. October put corn ending stocks at 1.849 billion bushels.
  • OngoingWTI back above $90.83, Friday's settle, would say the Iran calm was brief.
OUTSIDE THE PITNot moving prices today, but worth knowing.
INPUTS
Iraq strikes U.S. deal to ship more oil past Hormuz
A route along Oman's coast could ease some of the crude tightness behind high diesel prices.
Source: oilprice.com
DISEASE
Eye scan technology aims to catch bovine TB in cattle
A Scottish researcher is building AI that spots bTB from the animal's eye, a possible new herd-testing tool.
Source: thefencepost.com
WEATHER
Historic flooding hits southwest Colorado; state seeks disaster declaration
Colorado's delegation asked the president to speed Gov. Polis's request for a major disaster declaration.
Source: thefencepost.com
By Sigurd Lindquist, CCA. How this briefing is made. Reply at sig@agsist.com. I read everything.
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CME Group, CFTC, USDA, AGSIST news digest · Compiled 5:48 AM CT Mon
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