Wheat Leads Broad Grain Slide Wednesday

Ranch Closing Markets: Wednesday, October 7, 2026

Grain futures pulled back Wednesday, with wheat surrendering Tuesday’s rally. October live cattle edged higher, while feeder cattle and lean hogs closed lower.

  • December corn settled at $5.02, down 6 cents.
  • November soybeans settled at $12.97 1/2, down 5 1/2 cents.
  • December Chicago wheat settled at $6.86 1/2, down 17 3/4 cents.
  • December Kansas City hard red winter wheat settled at $7.38 1/2, down 17 3/4 cents.
  • October live cattle settled at $221.600, up $0.375.
  • October feeder cattle settled at $338.150, down $2.350.
  • October lean hogs settled at $76.925, down $1.000.

Corn and soybeans gave back part of Tuesday’s advance as traders positioned for export sales and Friday’s crop reports. Wheat saw the heaviest selling after Tuesday’s double-digit gains. October live cattle held a small gain, but feeders weakened with a lower cash index. Hogs fell as both cash hog and wholesale pork values moved sharply lower.

Prices are final Barchart settlements for the October 7 session.