Silver climbs 1.5% and gold ticks higher while soymeal firms and canola slides 1.3%, as WTI erases a chunk of yesterday's rally.

The Daily Board — Friday, July 24, 2026

Energy led the complex lower today as crude gave back a big piece of Thursday's spike, wheat slumped across all three boards, and the metals held a quiet safe-haven bid.

The Board

Grains & Oilseeds

🌽 Corn · Dec — 487'4 · unch · 0.00%

🫘 Beans · Nov — 1253'4 · +9'6 · +0.78% 🟢⬆️

🐮 Meal · Dec — 335.20 · +3.3 · +0.99% 🟢⬆️

🍳 Oil · Dec — 72.01 · −0.97 · −1.33% 🔴⬇️

🌾 SRW · Sep — 678'0 · −18'2 · −2.62% 🔴⬇️

🍞 HRW · Sep — 745'2 · −14'4 · −1.91% 🔴⬇️

🥖 HRS · Sep — 714.25 · −15.75 · −2.16% 🔴⬇️

🥣 Oats · Dec — 342'4 · −1'4 · −0.44% 🔴⬇️

Prairie Crops

🌻 Canola · Nov — C$824.90 · −11.00 · −1.32% 🔴⬇️

🐮 Barley · wkly — ~C$230†/t · softer · n/a 🔴⬇️

Energy

🛢️ WTI · Sep — 89.31† · −2.88 · −3.12% 🔴⬇️

🔥 NatGas · Aug — 2.871 · −0.045 · −1.54% 🔴⬇️

Metals

🥇 Gold · Aug — 4,070.80 · +20.6 · +0.51% 🟢⬆️

🥈 Silver · Sep — 58.906 · +0.852 · +1.47% 🟢⬆️

Prices are Barchart settlements (marked "s" in source data) as of the Fri, July 24, 2026 close, per the Barchart EOD email received 3:47 PM CT. WTI is an intraday last trade, not a confirmed settle — flagged †. Alberta feed barley is a weekly FOB-farm cash read, not a daily print — flagged †.

The Read

🌽 Corn — 487'4, unch (0.00%) $CORN ( ▲ 0.17% )

  • Corn didn't move today — the front-month (the most actively traded contract) December contract closed flat against Thursday's settle.

  • Ethanol grind held steady, and export inspections stayed near their recent pace, giving traders no fresh reason to chase either side.

  • So what: a flat corn tape means today's move at your elevator is basis (the gap between your local cash bid and the futures price), not the board.

  • Watch: next week's crop condition ratings and any weekend rain across the Corn Belt.

🫘 Soybeans — 1253'4, +9'6 (+0.78%) 🟢⬆️ $SOYB ( ▲ 0.06% )

  • Beans firmed on the same story that's carried the complex most of the summer — steady Chinese demand chatter.

  • Crush (the margin a processor earns turning beans into meal and oil) margins stayed rich enough to keep domestic processors bidding even as wheat and crude sold off around them.

  • So what: every dime on the November contract moves new-crop cash bids and old-crop storage math alike — a quiet up day still helps the bin.

  • Watch: Monday's export inspections and any fresh signal on Chinese purchase volumes.

🐮 Soybean Meal — $335.20, +3.3 (+0.99%) 🟢⬆️

  • Meal carried the crush today, outpacing beans while oil fell — a clean split of the two products.

  • Protein-feed demand from cattle and hog feeders stayed firm, the usual driver when meal decouples from oil.

  • So what: firmer meal is a direct line to your ration cost if you're feeding — protein got a little pricier today.

  • Watch: the next crush report and whether meal keeps leading the product split.

🍳 Soybean Oil — 72.01, −0.97 (−1.33%) 🔴⬇️

  • Oil gave back nearly a percent and a half, tracking crude's much bigger slide rather than anything biofuel-specific.

  • Oil's tight leash to crude and biofuel/renewable-diesel economics held today — when energy sells off hard, oil follows.

  • So what: biodiesel blending economics ease slightly when oil is cheaper, but today's move is about crude, not policy.

  • Watch: crude's next move and any renewable-fuel-standard headlines.

🌾 SRW Wheat — 678'0, −18'2 (−2.62%) 🔴⬇️ $WEAT ( ▲ 0.8% )

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