Monday, August 10, 2026

Energy led the tape hard today: crude and natural gas both jumped roughly 5% on Iran tensions and a hot-weather demand shift

Grains stayed mostly range-bound ahead of Wednesday's WASDE, and gold pushed to fresh highs despite a firmer dollar.

The Board

Grains & Oilseeds

🌽 Corn · Dec — 461'6 · −0'2 · −0.05% 🔴⬇️

🫘 Beans · Nov — 1179'4 · +3'2 · +0.28% 🟢⬆️

🥩 Meal · Dec — 311.60 · −1.80 · −0.57% 🔴⬇️

🫙 Oil · Dec — 69.14 · +1.26 · +1.86% 🟢⬆️

🌾 SRW · Sep — 640'4 · +0'6 · +0.12% 🟢⬆️

🌾 HRW · Dec — 731'2 · +0'6 · +0.10% 🟢⬆️

🌾 HRS · Dec — 695.00 · −7.25 · −1.03% 🔴⬇️

🌾 Oats · Dec — 344'0 · +13'0 · +3.93% 🟢⬆️

Prairie Crops

🌻 Canola · Nov — C$794.90 · +15.10 · +1.94% 🟢⬆️

🐮 Barley · cash — C$270.00 · unch (wk) · n/a

Energy

🛢️ WTI · Sep — 82.13 · +3.95 · +5.05% 🟢⬆️ †

🔥 NatGas · Sep — 2.794 · +0.132 · +4.96% 🟢⬆️

Metals

🥇 Gold · Dec — 4,419.70 · +20.00 · +0.45% 🟢⬆️

🥈 Silver · Sep — 65.272 · +1.773 · +2.79% 🟢⬆️

The Read

🌽 Corn — 461'6, −0'2 (−0.05%) 🔴⬇️ $CORN ( 0.0% )

  • Corn drifted a hair lower, ignoring the energy fireworks entirely as traders parked positions ahead of Wednesday's WASDE.

  • Private yield estimates keep creeping higher into that report, capping any real upside.

  • So what: feed costs stay essentially flat for now, no fresh moves for fall ration budgets.

  • Watch: Wednesday's WASDE yield numbers, the first real catalyst this market's seen in days.

🫘 Soybeans — 1179'4, +3'2 (+0.28%) 🟢⬆️ $SOYB ( ▲ 0.5% )

  • Beans edged up modestly, a quiet session next to energy's fireworks.

  • China purchases remain the whole ballgame, and sales are still running well behind last year's pace as Beijing leans on Brazilian supply.

  • So what: a small step up for old-crop bushels, but nothing that changes the demand picture.

  • Watch: any fresh China purchase headlines and Wednesday's WASDE.

🥩 Soybean Meal — 311.60, −1.80 (−0.57%) 🔴⬇️

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