The Daily Board — Tuesday, August 4, 2026
Silver punched through $60 an ounce for the first time and gold tagged along for the ride, while crude extended its slide as OPEC+ output rises and Hormuz optimism builds, and the grain complex gave back Monday's gains in a broad "Turnaround Tuesday."
Prices are Barchart's end-of-day settlements from the EOD recap email (received 3:47 PM CT, dated Tue, Aug 4, 2026) unless flagged otherwise.
WTI is flagged † — Barchart's print carried no settlement flag, so it's a late intraday last-trade, not a confirmed settle (see note below).
Alberta feed barley carries the last confirmed weekly cash figure (C$293/tonne, unchanged since Aug 3), flagged †.
The Board
Grains & Oilseeds
🌽 Corn · Dec — 465'4 · −7 · −1.48% 🔴⬇️
🫘 Beans · Nov — 1177'6 · −14'4 · −1.22% 🔴⬇️
🐮 Meal · Dec — 318.40 · −3.20 · −1.00% 🔴⬇️
🧴 Oil · Dec — 67.52 · −0.62 · −0.91% 🔴⬇️
🌾 SRW · Sep — 638'4 · −12'4 · −1.92% 🔴⬇️
🍞 HRW · Sep — 707'0 · −10'2 · −1.43% 🔴⬇️
🥖 HRS · Dec — 709.25 · −10.75 · −1.49% 🔴⬇️
🥣 Oats · Dec — 331'4 · −5'2 · −1.56% 🔴⬇️
Prairie Crops
🌱 Canola · Nov — C$760.70 · +2.50 · +0.33% 🟢⬆️
🍺 Barley · cash — C$293/t† · weekly ➖
Energy
🛢️ WTI · Sep — 75.77† · −4.57 · −5.69% 🔴⬇️
🔥 NatGas · Sep — 2.682 · −0.099 · −3.56% 🔴⬇️
Metals
🥇 Gold · Dec — 4,152.60 · +62.10 · +1.52% 🟢⬆️
🥈 Silver · Sep — 60.245 · +2.389 · +4.13% 🟢⬆️
The Read
🌽 Corn — 465'4, −7 (−1.48%) 🔴⬇️ $CORN ( ▲ 0.17% )
Corn gave back Monday's whole rally, sliding right alongside the rest of the grain complex on a broad risk-off tape.
Favorable Midwest weather forecasts kept easing production worry, taking some air out of last week's nine-week high.
So what: old-crop marketing windows are still open near $4.65 Dec, but the weather premium that built last week is deflating fast.
Watch: Thursday's USDA Export Sales for whether demand can offset the improving crop outlook.
🫘 Soybeans — 1177'6, −14'4 (−1.22%) 🔴⬇️ $SOYB ( ▲ 0.06% )
Beans hit a four-week low as "Turnaround Tuesday" erased Monday's gains, with funds unwinding length across the complex.
Chinese demand chatter stayed quiet, leaving South American harvest logistics as the background story.
So what: a four-week low is worth watching if you're sitting on new-crop bushels — basis levels may soften if this slide continues.
Watch: this week's CFTC Commitments of Traders data for confirmation funds are actually exiting length.
🐮 Soybean Meal — 318.40, −3.20 (−1.00%) 🔴⬇️ $ZM_F ( 0.0% )
Meal fell alongside beans, hitting a three-week low as the crush (the margin a processor earns turning beans into meal and oil) narrowed slightly.
Protein-feed demand held no fresh headlines; this was a beans-led move, not a meal-specific one.
So what: softer meal is a small win for feedlot rations this week, though it's riding the broader complex lower rather than standing on its own.
Watch: Thursday's Export Sales for Southeast Asian meal demand.
🧴 Soybean Oil — 67.52, −0.62 (−0.91%) 🔴⬇️ $ZL_F ( 0.0% )
Oil posted the soy complex's smallest percentage decline, still getting some support from renewable-diesel demand even as crude fell hard.
The oil/meal product split held roughly steady today rather than diverging sharply either way.
So what: oil's relative resilience keeps crush margins from collapsing even as the rest of the complex slides.
Watch: any EPA or biofuel-policy headlines — that's still the thread pulling oil away from crude's leash.