December corn settled at $4.97¾ on October 2, 2026, down 4½ cents on the session, while November soybeans closed at $12.78¼, off 5¾ cents.

The soy complex finished split. December soybean meal dropped $5.80 to $347.50 per ton, but December soybean oil rallied 124 points to close at 68.62 cents per pound. The crush margin math shifted toward oil for the day, a dynamic processors and biodiesel buyers will watch as crush runs pick up pace this fall.

Wheat posted a fractional gain. December Chicago wheat finished at $6.83, up ¼ cent.

Livestock contracts leaned mostly lower. December live cattle settled at $221.47 per hundredweight, down $1.70, and November feeder cattle lost $5.20 to close at $331.15. December lean hogs moved against the trend, gaining $1.20 to finish at $70.12 per hundredweight.

The November Class III milk close was not reported in the available data.

For producers, the day's moves trimmed new-crop corn and soybean hedging values modestly, while the soybean oil strength supports the oil share of the crush and, by extension, local crush demand for beans. Cattle feeders saw feeder cattle futures cheapen against a softer fat cattle market, a combination that eases placement costs for backgrounders even as it pressures margin projections for feedyards holding inventory.

These are futures settlement figures for the October 2 session, not harvested results or cash market outcomes; basis and local elevator bids will differ by region. Traders will look ahead to the next round of supply and demand estimates and harvest progress data for direction on whether corn can hold near the $5 mark.