Closing Report

Here's what pushed the markets today.

Prices at today's close, Thu Oct 22 · change vs. yesterday's settlement. Grains and livestock are the last trade before the close; the exchange's official settlement can differ by a tick, and the next 10:00 report confirms it. Energy and metals are still trading: 2:00 PM price.

• Corn (Dec): $4.60¼/bu, down 3¢ (-0.65%)
  • Why: Taiwan’s MFIG Came Back For Corn After Prices Eased. Wheat (-0.56%) was lower too, so the selling was across the grain market. It settled near the low of the day.
  • Today's range: 4.59¼–4.66½ · Week: down 17¾¢ (-3.71%)
• Soybeans (Nov): $12.53½/bu, up 8¼¢ (+0.66%)
  • Why: Soybean Market Overview: Record US Crop Meets Strong Export Demand. It went against corn (-0.65%) and wheat (-0.56%), which were lower.
  • Today's range: 12.42¼–12.60½ · Week: down 9½¢ (-0.75%)
• Wheat (Dec): $6.24¾/bu, down 3½¢ (-0.56%)
  • Why: CBOT Wheat Futures Slide Amid Peace Talks; Wayfair Inc (W) Shows Mixed Signals. Kc wheat (-1.08%) and corn (-0.65%) were lower too, so the selling was across the grain market.
  • Today's range: 6.21½–6.31 · Week: down 45¼¢ (-6.75%)
• KC Wheat (Dec): $6.65¾/bu, down 7¼¢ (-1.08%)
  • Why: No single news story drove KC wheat lower today. Wheat (-0.56%) and corn (-0.65%) were lower too, so the selling was across the grain market. It settled near the low of the day.
  • Today's range: 6.65¼–6.75¾ · Week: down 47¼¢ (-6.63%)
• Live Cattle (Dec): $231.15/cwt, up $0.025 (+0.01%)
  • Why: CME live, feeder cattle futures rally. It went against feeder cattle (-0.58%) and hogs (-0.23%), which were lower. It settled near the high of the day.
  • Today's range: 229.40–231.225 · Week: up $3.90 (+1.72%)
• Feeder Cattle (Nov): $346.80/cwt, down $2.025 (-0.58%)
  • Why: No single news story drove feeder cattle lower today.
  • Today's range: 345.575–348.575 · Week: up $4.85 (+1.42%)
• Lean Hogs (Dec): $65.575/cwt, down $0.15 (-0.23%)
  • Why: No single news story drove hogs lower today.
  • Today's range: 65.05–65.90 · Week: down $1.00 (-1.50%)
• Class III Milk (Nov): $17.67/cwt, up $0.19 (+1.09%)
  • Why: US Milk Prices Face Margin Squeeze As Feed Costs Rally And Beef Values Soften. Cheese (+1.28%) and class iv milk (+0.82%) were higher too, so the buying was across the dairy market.
  • Today's range: 17.26–17.87 · Week: up $0.42 (+2.43%)
• Class IV Milk (Nov): $21.00/cwt, up $0.17 (+0.82%)
  • Why: US Milk Prices Face Margin Squeeze As Feed Costs Rally And Beef Values Soften. Class iii milk (+1.09%) was higher too, so the buying was across the dairy market. It settled near the high of the day.
  • Today's range: 20.41–21.00 · Week: up $0.50 (+2.44%)
• Cheese (Nov): $1.662/lb, up $0.021 (+1.28%)
  • Why: CME Cheese Prices Mixed October 22, 2026: Blocks Up, Barrels Flat. Class iii milk (+1.09%) was higher too, so the buying was across the dairy market.
  • Today's range: 1.622–1.681 · Week: up $0.039 (+2.40%)
• Butter (Nov): 139.00¢/lb, down 1¢ (-0.71%)
  • Why: CME Butter Cash Trading Holds at $1.3300 per Pound. It went against Class IV milk (+0.82%), which was higher. It settled near the low of the day.
  • Today's range: 139.00–140.50 · Week: up 1¢ (+0.72%)
• Crude Oil (Dec): $99.39/bbl, up $2.24 (+2.31%)
  • Why: THE OIL MARKET: Crude Oil Futures are Pricing Market Adaptability, Not Hopeful Iran Peace: Russell. Diesel (+3.63%) was higher too, so the buying was across the energy market.
  • Today's range: 97.72–100.17 · Week: up $2.89 (+2.99%)
• Heating Oil (Nov): $4.9363/gal, up 17.3¢ (+3.63%)
  • Why: Diesel Prices Surge on Tightening Global Supply - Energy News, Top Headlines, Commentaries, Features & Events. Crude oil (+2.31%) was higher too, so the buying was across the energy market. It settled near the high of the day.
  • Today's range: 4.7855–4.9421 · Week: up 9.07¢ (+1.87%)
• Natural Gas (Nov): $2.798/MMBtu, up $0.008 (+0.29%)
  • Why: Seasonally Light Storage Build Gives Natural Gas Futures Ground to Stand On.
  • Today's range: 2.726–2.837 · Week: down $0.438 (-13.54%)
• Gold (Dec): $4,047.10/oz, down $102.90 (-2.48%)
  • Why: Gold and silver prices continue to decline in commodity markets. Silver (-5.06%) was lower too, so the selling was across the metals market. It settled near the low of the day.
  • Today's range: 4,046.80–4,164.30 · Week: down $123.00 (-2.95%)
• Silver (Dec): $54.79/oz, down $2.92 (-5.06%)
  • Why: Silver Futures Fall to Lowest This Year as Oil Prices Fuel Inflation Risks. Gold (-2.48%) was lower too, so the selling was across the metals market. It settled near the low of the day.
  • Today's range: 54.745–58.105 · Week: down $2.365 (-4.14%)
• Copper (Dec): $6.3930/lb, down 18.65¢ (-2.83%)
  • Why: Copper Prices Slide to 5-Week Low. It settled near the low of the day.
  • Today's range: 6.3810–6.5845 · Week: down 16.35¢ (-2.49%)

Grain shipping this week

• St. Louis barge rate 592% of tariff (about $23.63/ton), down 12% from last week, up 20% from a year ago, down 3% from the 3-yr average (week of Oct 20).
• Barges moved 522k tons of grain down river (week ending Oct 17), up 31% from the week before, down 7% from a year ago, down 3% from the 3-yr average.
• Shuttle railcars for this month trade over tariff: BNSF $62 (last week $575), UP $200 (last week $400) per car.
• Ocean freight to Japan (Sep): Gulf $76.38/ton, PNW $37.31/ton; a year ago $57.13 and $29.63.

Barge, rail, ocean and river

On deck

• Fri: Cattle on Feed, 2:00pm CT
• Fri: USDA Cold Storage, 2:00pm CT
• Fri: Weekly recap email (Week in Review), 3:00pm CT

Informational only — not investment, trading or financial advice. Prices may be delayed.