The Daily Board — July 31, 2026
Today's close, same-day brief.
Wheat got hammered across all three U.S. boards, gold and silver gave back a slice of Thursday's rally as the dollar firmed, and crude clawed back some ground on tightening supply signals while corn and beans traded quietly softer.
The Board
Grains & Oilseeds
🌽 Corn · Dec — 464 · −4½ · −0.96% 🔴⬇️
🫘 Beans · Nov — 1187½ · −1¼ · −0.11% 🔴⬇️
🥣 Meal · Dec — 321.20 · −1.60 · −0.50% 🔴⬇️
🛢️ Oil · Dec — 66.90 · −0.39 · −0.58% 🔴⬇️
🌾 SRW · Sep — 639¼ · −24¼ · −3.65% 🔴⬇️
🌾 HRW · Sep — 707½ · −23¼ · −3.18% 🔴⬇️
🌾 HRS · Sep — 6.8975 · −0.2175 · −3.06% 🔴⬇️
🌰 Oats · Dec — 330¼ · −1½ · −0.45% 🔴⬇️
Prairie Crops
🥬 Canola · Nov — C$758.20 · −C$10.40 · −1.35% 🔴⬇️
🐮 Barley · wkly — C$5.44–6.77/bu · unch. (wk of Jul 22) ➖
Energy
🛢️ WTI · Sep — 84.67† · +1.08 · +1.29% 🟢⬆️
🔥 NatGas · Sep — 2.747 · −0.011 · −0.40% 🔴⬇️
Metals
🥇 Gold · Dec — 4,107.00 · −53.60 · −1.29% 🔴⬇️
🥈 Silver · Sep — 57.786 · −1.231 · −2.09% 🔴⬇️
The Read
🌽 Corn — 464, −4½ (−0.96%) 🔴⬇️
No fresh crop-condition print today (that's a Monday release) and no export-sales data (that's Thursday's report, already covered) — corn just drifted lower with the rest of the grain complex into the weekend.
South American harvest logistics and the ongoing corn/bean acreage fight remain the backdrop; nothing new moved this market today.
So what: a modest dip trims the ration bill a touch, but it's not a move worth acting on.
Watch: Monday's crop-condition update for the next real read on crop stress.
🫘 Soybeans — 1187½, −1¼ (−0.11%) 🔴⬇️ $SOYB ( ▲ 0.06% )
Beans barely budged, essentially treading water as the week's Chinese demand story took a breather heading into the weekend.
Fund positioning across the complex stays well off this spring's record long, leaving room to move either way once fresh headlines land.
So what: a penny-and-a-quarter dip changes nothing about a marketing plan.
Watch: any weekend China purchase headlines and next week's South American harvest pace updates.
🥣 Soybean Meal — 321.20, −1.60 (−0.50%) 🔴⬇️
Meal eased in step with beans rather than on any news of its own, with board crush (the margin a processor earns turning beans into meal and oil) holding roughly steady.
The meal/oil product split stayed close to where it's been most of the week.
So what: flat-to-softer meal is a non-event for protein-feed buyers today.
Watch: whether crush margins widen enough to pull processor demand higher next week.