Closing Grain and Livestock Futures: August 28, 2026
Key Takeaways
- •September soybeans surged 19.75 cents to $12.76 1/4, with soybean meal and soybean oil also posting strong gains, signaling broad-based buying across the soybean complex.
- •September Chicago wheat rose 24.25 cents to $7.67, while corn closed modestly higher at $5.12, up 1.75 cents.
- •Livestock futures were mostly lower, with October live cattle down $1.20 at $211.72 and September feeder cattle down $1.55 at $320.90, though October lean hogs gained $1.27 to $81.90.
- •September Class III milk, a key dairy margin benchmark tied to cheese production, rose 8 cents to $16.41.
- •Outside markets were mixed, as December gold fell $154.80 to $4,509.20, crude oil slipped 13 cents to $83.40, and the Dow Jones declined 9.45 points to 53,559.99.
By John Perkins, Brownfield Ag News — August 28, 2026
Grain and soybean futures finished the session higher, led by sharp gains in the soybean complex and Chicago wheat, while livestock futures closed mostly lower. For farmers and grain merchandisers, closing futures prices feed directly into cash bids and basis levels at country elevators, while livestock contracts help producers gauge hedging values for cattle and hogs heading to market in the weeks ahead.
Grains and Oilseeds
- Sep. corn: $5.12, up 1 and 3/4 cents
- Sep. soybeans: $12.76 and 1/4, up 19 and 3/4 cents
- Sep. soybean meal: $338.20, up $8.00
- Sep. soybean oil: 70.59, up 259 points
- Sep. Chicago wheat: $7.67, up 24 and 1/4 cents
The strength in soybean meal and soybean oil, the two products of the soybean crush, alongside the soybean itself pointed to broad-based buying across the complex on the day.
Livestock and Dairy
- Oct. live cattle: $211.72, down $1.20
- Sep. feeder cattle: $320.90, down $1.55
- Oct. lean hogs: $81.90, up $1.27
- Sep. Class III milk: $16.41, up 8 cents
Class III milk futures reflect the price of milk used for cheese and are a key benchmark for dairy producer margins.
Other Markets
- Oct. crude oil: $83.40, down 13 cents
- Dec. cotton: 91.38, down 103 points
- Sep. rice: $15.05 and 1/2, up 21 cents
- Dec. gold: $4,509.20, down $154.80
- Dow Jones Industrial Average: 53,559.99, down 9.45 points
Energy prices are a broad influence on agricultural markets, affecting everything from fuel and fertilizer costs to demand for biofuel feedstocks such as corn-based ethanol and soybean oil.
Source: Brownfield Ag News
