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Good Morning
Day --/5
CRUDE RETREATS; TRUMP-XI SUMMIT HANGS OVER BEANS
Soybeans closed Friday at $13.03, down 7½ cents, and the fund liquidation was straightforward: nobody wanted to hold a long position into a weekend with the Trump-Xi summit on September 24 still unresolved. Wheat led the grain complex lower at $7.13, off 11½ cents.
THE ACTION
Unpriced new-crop beans: a Sept 24 Trump-Xi outcome below expectations is the sell signal; hold until then, not past it.
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Soybeans closed at $13.03, down 7½ cents, with ASA publicly urging Trump and Xi to address the 10% retaliatory levy still sitting on US beans at the Chinese border ahead of the September 24 summit.
CRUDE RETREATS; DIESEL STILL TIGHT
DRIVER
WTI closed at $95.47, off 5.6% Friday, after Saudi Aramco confirmed it is rerouting roughly 60 million barrels through the Persian Gulf following damage to its East-West pipeline, killing the European supply scare that had crude bid all week.
CATTLE HOLD; FEEDERS UNDER PRESSURE
DRIVER
Live cattle closed at $216.57, up fractionally; the Cargill multi-plant lockout, ongoing since May 19 and still removing roughly 6,000 head of daily processing capacity, keeps packer margins as the binding constraint, not cattle numbers.
AGSIST Yield Nowcast — This Year’s Crop, Called WeeklyLoading…
Corn
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bu/ac · 80% band ±--
Soybeans
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bu/ac · 80% band ±--
Built from Monday’s USDA crop ratings, state by state, weighted by acres. The band isn’t a guess — it’s how far the same model actually missed at this week of the season, backtested 16 years. Tightens as the season ages. USDA’s first survey forecast doesn’t land until mid-August.
AGSIST displays live CBOT corn futures prices updated every 30 minutes via Yahoo Finance. Both the nearby front-month contract and the December new-crop harvest contract are shown with net change, percent change, and 52-week range. Prices are in dollars per bushel. See full corn futures →
How do I find cash grain bids near me?
Enter any US ZIP code on AGSIST's Cash Bids page at agsist.com/cash-bids to see live corn, soybean, and wheat elevator prices from every reporting grain elevator within 50 miles. Basis is shown alongside cash price for each location. Find cash bids →
Is AGSIST free?
Yes. AGSIST is available at no charge with no account or subscription required. Tools on the site — spray advisory, urea volatilization risk monitor, break-even calculator, grain bin calculator, cash bids, and the AGSIST Daily briefing — are available at no charge for non-commercial use.
How often are grain prices updated on AGSIST?
Grain futures prices on AGSIST are updated every 30 minutes during trading hours Monday through Friday via GitHub Actions. The AGSIST Daily briefing is published before the market open every weekday with overnight market analysis.
What is urea volatilization risk?
Urea volatilization is the loss of nitrogen fertilizer as ammonia gas when urea is surface-applied without incorporation. Risk is highest when soil temperatures exceed 50°F, humidity is high, and no rain is forecast within 2–4 days. AGSIST's free urea risk monitor scores your real-time local conditions from 0–100. Check urea risk →
What is grain basis and why does it matter?
Grain basis is the difference between your local cash elevator price and the nearby CME futures contract price. A basis of -30 cents means the elevator pays 30 cents below futures. Stronger (less negative) basis signals higher local demand. AGSIST displays live basis alongside cash price for every elevator in the cash bids tool.
When is the WASDE report released?
The USDA WASDE (World Agricultural Supply and Demand Estimates) report is released monthly, typically around the 10th of each month at 12:00 PM Eastern Time. It is the most market-moving USDA report, often moving corn and soybean futures 10-40 cents at release. AGSIST's USDA Calendar tracks all report dates with market impact ratings. USDA calendar →
What is the corn-to-soybean price ratio and how do farmers use it?
The corn-to-soybean price ratio compares November soybean futures divided by December corn futures. Across historical USDA price data, ratios above 2.6:1 have typically favored soybean profitability per acre; below 2.4:1, corn; between 2.4 and 2.6 is neutral. Actual thresholds shift with local yield potential, input costs, and basis — individual operations should run break-even math on their own numbers. Both contract prices update every 30 minutes on AGSIST’s corn and soybean futures pages. Break-even calculator →
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Prices from Yahoo Finance via AGSIST pipeline · Cash bids via Barchart OnDemand · Weather via Open-Meteo · USDA NASS · NOAA CPC|Not financial or trading advice — verify all prices with your elevator or broker before marketing decisions. Questions? 715-797-2428 · sig@farmers1st.com|Privacy Policy
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