Commodity futures shift on July 14 as US crop data and Black Sea tensions drive prices

Brazil's beef market showed mixed signals on July 14. In São Paulo, wholesale cattle prices remained unchanged, while in Feira de Santana the arroba rose to R$ 325 after a drop in animal supply forced slaughterhouses to adjust.

In the United States, Chicago futures reacted to a USDA crop report and geopolitical headlines. Corn and soybean contracts slipped a few points, whereas wheat for September delivery jumped 1.5% to US$ 6.45 per bushel. Live‑cattle futures also fell. The USDA update noted modest gains in the condition of U.S. wheat and soy fields but a rise in poorly rated areas, while heat and limited rain over the Midwest raised concerns for the July‑August pollination window.

A separate market note linked corn futures gains to forecasts of hot, dry weather and to renewed Middle‑East tension after the United States reinstated a naval block on Iran, which lifted crude oil more than 8%. Canadian pork prices edged higher. Together, the reports illustrate how weather outlooks, crop quality assessments and geopolitical risks are shaping commodity prices across Brazil and North America.