The Daily Board — Monday, August 3, 2026
Crude craters more than 5% after Trump pulls back from a planned Iran strike and OPEC+ adds barrels, while corn, wheat, oats, and soybean oil post a broad rally of their own, a genuine divergence day between the energy and grain complexes.
Prices are Barchart's end-of-day settlements from the EOD recap email (received 3:47 PM CT, dated Mon, Aug 3, 2026) unless flagged otherwise.
Canadian markets were closed today for the Civic Holiday .
Canola carries Friday, July 31's settle. WTI is flagged † (see note below).
Alberta feed barley is the latest available weekly cash figure, flagged †.
The Board
Grains & Oilseeds
🌽 Corn · Dec — 472'4 · +8'4 · +1.83% 🟢⬆️
🫘 Beans · Nov — 1192'2 · +4'6 · +0.40% 🟢⬆️
🐮 Meal · Dec — 321.60 · +0.40 · +0.12% 🟢⬆️
🧴 Oil · Dec — 68.14 · +1.24 · +1.85% 🟢⬆️
🌾 SRW · Sep — 651'0 · +11'6 · +1.84% 🟢⬆️
🍞 HRW · Sep — 717'2 · +9'6 · +1.38% 🟢⬆️
🥖 HRS · Sep — 695.00 · +5.25 · +0.76% 🟢⬆️
🥣 Oats · Dec — 336'6 · +6'4 · +1.97% 🟢⬆️
Prairie Crops
🌱 Canola · Nov — C$758.20 · −10.40 · −1.35% 🔴⬇️ (Fri close — holiday)
🍺 Barley · cash — C$192–200/t† · flat-to-soft · weekly ➖
Energy
🛢️ WTI · Sep — 80.34† · −4.33 · −5.11% 🔴⬇️
🔥 NatGas · Sep — 2.781 · +0.034 · +1.24% 🟢⬆️
Metals
🥇 Gold · Dec — 4,090.50 · −16.50 · −0.40% 🔴⬇️
🥈 Silver · Sep — 57.856 · +0.070 · +0.12% 🟢⬆️
The Read
🌽 Corn — 472'4, +8'4 (+1.83%) 🟢⬆️ $CORN ( ▲ 0.17% )
Corn drafted off the broader grain rally, helped by a weaker crude tape that eases the cost side of ethanol blending.
Export demand chatter stayed supportive as South American old-crop supplies tighten into the U.S. harvest window.
So what: every 8¢ move on new-crop corn matters at the bin; Dec futures near $4.72 keep old-crop marketing decisions live before harvest pressure hits.
Watch: Thursday's USDA Export Sales report, to confirm this demand is real and not just short-covering.
🫘 Soybeans — 1192'2, +4'6 (+0.40%) 🟢⬆️ $SOYB ( ▲ 0.06% )
Beans posted the complex's smallest gain, lagging as the market weighs Chinese buying pace against a favourable U.S. weather outlook.
South American harvest logistics remain the wildcard heading into fall.
So what: a modest day means basis and hedge decisions can wait, no urgency to chase this move.
Watch: this week's CFTC Commitments of Traders data for signs fund positioning is shifting.
🐮 Soybean Meal — 321.60, +0.40 (+0.12%) 🟢⬆️
Meal barely budged, holding the crush (the margin a processor earns turning beans into meal and oil) roughly steady as oil did the heavy lifting in the product split.
Protein-feed demand held steady with no fresh headlines out of the livestock sector.
So what: flat meal keeps feed rations predictable for feedlots this week — no surprise cost swings.
Watch: Thursday's Export Sales for meal demand out of Southeast Asia.
🧴 Soybean Oil — 68.14, +1.24 (+1.85%) 🟢⬆️
Oil led the soy complex higher, decoupling from crude — a sign biofuel demand traded on its own policy news today rather than crude's leash.
Renewable-diesel demand chatter kept underpinning the bid even as crude fell hard.
So what: oil carrying the crush margin higher is good news for processors' bottom line, less so for anyone buying meal-heavy rations.
Watch: any EPA or biofuel-policy headlines this week — that's what's driving the split from crude.
🌾 SRW Wheat (Chicago) — 651'0, +11'6 (+1.84%) 🟢⬆️ $WEAT ( ▲ 0.8% )