USDA Report Shows Mixed Grain Futures and Higher Canola Bids in October 2026

The USDA Agricultural Marketing Service released its National Daily Sunflower, Canola, Millet and Flaxseed Report for October 5, 2026, highlighting a mixed performance in grain futures and higher canola bids. The report, published in cooperation with the Minnesota Department of Agriculture Market News, provided closing settlement prices for various commodities.

In the futures market, corn prices ranged from 497.25 cents per bushel for December 2026 to 530.75 cents for March 2028. Soybeans settled between 1266.75 cents for September 2027 and 1323.50 cents for July 2027. Wheat prices varied across different exchanges, with Chicago Board of Trade wheat settling at 692.25 cents for December 2026 and 734.25 cents for March 2028. White wheat, oats, Kansas City wheat, and Minneapolis wheat also saw varying settlement prices across different contract months.

On the cash market side, conventional canola bids were posted at several locations in Minnesota and North Dakota. Basis levels ranged from 24.26 to 26.68 dollars per hundredweight, with reported increases of 0.11 to 0.19. The current prices were notably higher than the year-ago average, which ranged from 17.97 to 20.39 dollars per hundredweight. The report also included freight code definitions and truck, rail, barge, and ocean vessel modes.

The document listed 30 companies involved in soybean processing, oilseeds, canola, and other related industries. These companies range from global agribusiness giants like Archer-Daniels-Midland Company and Cargill, Incorporated to regional processors and cooperatives such as Minnesota Soybean Processors and South Dakota Soybean Processors.