Corn slips 2½ cents to $4.46½ after Tuesday's yield cut
Published
Dec corn is at $4.46½ overnight, 2½ cents under Tuesday's $4.49 settle. A Farm Policy News item says USDA's yield cut was bigger than traders expected, and corn had its best day in three months.
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Basis firmed this week: Ohio soybeans +10¢ (45 of 59 bids moved), Indiana corn +9¢ (53 of 61) and Ohio corn +8¢ (47 of 55).
Each state's middle change in a week, across bids matched with the same elevator's same delivery and futures month; states with 30 or more such bids from 8 or more companies.
Counted by code from the elevator boards AGSIST reads itself, not by the writer of this briefing. A week's change is each bid against the same elevator's same delivery and futures month a week before. Quote it with the date and a link to agsist.com/daily/2026-11-11. How this briefing is made · Monthly: AGSIST Cash Bid Index
- Dec live cattle settled Tuesday at $219.20, up $3.00, and AgWeb says Tyson's second-shift restart supports a possible short-term low.
- USDA AMS puts cash hogs at $49.43 carcass base, and the pork cutout fell $1.29 to $69.52 on Nov 10.
- WTI is at $87.28 overnight, up 1.4% from Tuesday's $86.04 settle.
- Oilprice.com says peace optimism faded as tanker attacks near Hormuz continued, with a record number reported.
- Thursday, Nov 12, or Friday, 7:30 a.m. CTExport sales, Nov 12 or 13. Corn and soybean totals show if Gulf demand matches bids.
- OngoingDec corn back under $4.41½ would give back much of the yield-cut bounce.
- Dec 112026 ARC/PLC signup deadline, 30 days out.