Agricultural Markets See Mixed Performance on August 5
The agricultural markets saw significant declines on August 5, 2026. December corn fell by 5.5 cents to $4.60, marking a three-week low close. The decline was attributed to weather conditions in the Corn Belt that are deemed price-bearish, as well as technical selling due to the near-term downtrend.
The soybean complex also experienced losses, with November soybeans falling 3 cents to $11.74 3/4 and hitting a four-week low. September soybean meal lost $2.50 to $310.20, while September soybean oil dropped 48 points to 67.72 cents.
On the other hand, wheat futures saw short covering and perceived bargain hunting, with September SRW rising 3.75 cents to $6.42 1/4 and September HRW gaining 6.5 cents to $7.13 1/2.
Cotton futures rose by 56 points to 83.02 cents, hitting a nine-week high due to fresh technical buying amid an uptrend on the daily chart.
The live cattle market also saw gains, with October live cattle rising $1.575 to $229.475 and September feeder cattle gaining $2.225 to $348.375.