Closing Report
Here's what pushed the markets today.
Prices at today's close, Mon Oct 26 · 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): $4.55/bu, down 1¢ (-0.22%)
- Why: EU silage corn yields down 15% while corn prices stay stable. Soybeans (-1.13%) and wheat (-1.52%) were lower too, so the selling was across the grain market. It settled near the high of the day. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
- Today's range: 4.50¼–4.56 · Week: down 12¢ (-2.57%)
- Soybeans (Nov): $12.42¼/bu, down 14¼¢ (-1.13%)
- Why: EU Soybean Yield Drop 2026: Market Impact and Price Outlook. Corn (-0.22%) and wheat (-1.52%) were lower too, so the selling was across the grain market. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
- Today's range: 12.27½–12.50 · Week: down 11¼¢ (-0.90%)
- Wheat (Dec): $6.15½/bu, down 9½¢ (-1.52%)
- Why: Wheat market softens as Black Sea peace hopes trim risk premium. Kc wheat (-0.90%) and corn (-0.22%) were lower too, so the selling was across the grain market. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
- Today's range: 6.12½–6.27½ · Week: down 39¾¢ (-6.07%)
- KC Wheat (Dec): $6.58½/bu, down 6¢ (-0.90%)
- Why: No single news story drove KC wheat lower today. Wheat (-1.52%) and corn (-0.22%) were lower too, so the selling was across the grain market. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
- Today's range: 6.54¾–6.66½ · Week: down 41¢ (-5.86%)
- Live Cattle (Dec): $231.20/cwt, up $0.075 (+0.03%)
- Why: Cattle futures steady as packer margins turn negative. It went against hogs (-1.30%), which were lower.
- Today's range: 230.70–232.90 · Week: up $3.175 (+1.39%)
- Feeder Cattle (Nov): $348.60/cwt, up $0.475 (+0.14%)
- Why: Cattle futures steady as packer margins turn negative.
- Today's range: 347.925–351.125 · Week: up $4.675 (+1.36%)
- Lean Hogs (Dec): $64.725/cwt, down $0.85 (-1.30%)
- Why: No single news story drove hogs lower today. It settled near the low of the day.
- Today's range: 64.65–65.675 · Week: down $1.625 (-2.45%)
- Class III Milk (Nov): $17.92/cwt, up $0.07 (+0.39%)
- Why: No single news story drove Class III milk higher today. Cheese (+0.30%) was higher too, so the buying was across the dairy market.
- Today's range: 17.72–18.07 · Week: up $0.22 (+1.24%)
- Class IV Milk (Nov): $20.65/cwt, unch.
- Why: Class IV milk was steady; in the news: US Cheese and Butter Rank Among the Cheapest Globally.
- Week: down $0.75 (-3.50%)
- Cheese (Nov): $1.692/lb, up $0.005 (+0.30%)
- Why: US Cheese And Butter Become Among Cheapest Globally. Class iii milk (+0.39%) was higher too, so the buying was across the dairy market.
- Today's range: 1.681–1.705 · Week: up $0.026 (+1.56%)
- Butter (Nov): 139.75¢/lb, down 0.25¢ (-0.18%)
- Why: US Cheese And Butter Become Among Cheapest Globally. It settled near the high of the day.
- Today's range: 138.50–139.75 · Week: down 0.25¢ (-0.18%)
- Crude Oil (Dec): $101.97/bbl, down $1.30 (-1.26%)
- Why: Oil ticks lower as Saudi defense minister meets with Iran's president in Tehran to de-escalate. Diesel (-1.46%) was lower too, so the selling was across the energy market.
- Today's range: 100.33–103.13 · Week: up $3.43 (+3.48%)
- Heating Oil (Nov): $4.9116/gal, down 7.26¢ (-1.46%)
- Why: No single news story drove diesel lower today. Crude oil (-1.26%) was lower too, so the selling was across the energy market. It settled near the low of the day.
- Today's range: 4.9017–5.0438 · Week: down 0.85¢ (-0.17%)
- Natural Gas (Dec): $3.031/MMBtu, down $0.019 (-0.62%)
- Why: US Natural Gas Plunges to Six-Month Low on Warm Weather Forecast.
- Today's range: 2.932–3.067 · Week: down $0.316 (-9.44%)
- Gold (Dec): $4,027.80/oz, up $19.90 (+0.50%)
- Why: Gold Tests $4,000 Support Ahead of Federal Reserve Decision.
- Today's range: 3,990.90–4,044.00 · Week: down $132.30 (-3.18%)
- Silver (Dec): $54.025/oz, up $0.075 (+0.14%)
- Why: No single news story drove silver higher today. Gold (+0.50%) was higher too, so the buying was across the metals market.
- Today's range: 53.03–54.475 · Week: down $3.25 (-5.67%)
- Copper (Dec): $6.5480/lb, up 4.05¢ (+0.62%)
- Why: No single news story drove copper higher today. It settled near the high of the day.
- Today's range: 6.4680–6.5625 · Week: down 2.75¢ (-0.42%)
This week's export shipments
- Corn: Shipped 24.6 million bushels (0.63 million metric tons) in the week ending Oct 22, down 10% from the week before. Marketing year to date: 385 million bushels, 8% behind last year's pace.
- Soybeans: Shipped 91.0 million bushels (2.48 million metric tons) in the week ending Oct 22, up 20% from the week before. Marketing year to date: 357 million bushels, 42% ahead of last year's pace.
- Wheat: Shipped 6.8 million bushels (0.18 million metric tons) in the week ending Oct 22, down 28% from the week before. Marketing year to date: 273 million bushels, 35% behind last year's pace.
On deck
- Today: USDA Crop Progress, 3:00pm CT
Informational only — not investment, trading or financial advice. Prices may be delayed.
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