# Market Snapshot | Grains, livestock under pressure

> Corn futures slipped to a four-month low despite daily US sales to Mexico and South Korea. The US struck Iran's Qeshm Island, and midterm election results were due Tuesday night. Soybeans and meal also fell, with meal down $1.80.

- Date: 2026-11-03 · published 2026-11-04T00:08:21.843Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/78539-market-snapshot-grains-livestock-under-pressure
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower corn and soymeal prices reduce feed costs, but the Iran strikes add energy and freight risk. Midterm outcomes could shape the farm bill path later.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼
- WTI: neutral
- CORN: bearish ▼

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/market-snapshot/market-snapshot-grains-livestock-under-pressure
- profarmer.com: https://www.profarmer.com/pro-farmer-max/market-snapshot/market-snapshot-grains-livestock-under-pressure-1

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.