DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 4 cents per bushel, May soybeans are up 13 1/4 cents, July KC wheat is down 3/4 cent, May Chicago wheat is down 3 1/4 cents and July Minneapolis wheat is down 1 1/2 cents. The Dow Jones Industrial Average is up 60.00 points and May crude oil is down $0.18 per barrel. The U.S. Dollar Index is down 0.420 and June gold is up $11.90 per ounce. Soybeans and soy oil remain very firm ahead of the close, while wheat and corn are mixed to lower. New-crop November soybeans are threatening to match the contract high, but remain a dime below after coming within a few cents.

Posted 10:37 -- May corn is down 3/4 cent per bushel, May soybeans are up 13 1/4 cents, July KC wheat is down 3/4 cent, May Chicago wheat is down 4 1/4 cents and July Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is up 118.43 points and May crude oil is down $0.33 per barrel. The U.S. Dollar Index is down 0.110 and June gold is up $12.20 per ounce. Old- and new-crop soybeans and bean oil are all sharply higher with November beans threatening to forge a new contract high. World veg oil markets are rising in unison, with palm oil up over 3% on Friday and Canadian July canola futures making a new high. Kansas City wheat has gone into the red as storms are sweeping across Kansas on Friday.

Posted 08:35 -- May corn is up 3 1/4 cents per bushel, May soybeans are up 10 1/4 cents, July KC wheat is up 7 1/2 cents, May Chicago wheat is up 5 1/2 cents and July Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 169.73 points and May crude oil is down $0.08 per barrel. The U.S. Dollar Index is down 0.100 and June gold is up $7.90 per ounce. Soybeans and soybean oil are leading grain and soy prices higher to begin Friday. Minneapolis new crop September wheat is within a penny of the contract high and headed for the ninth higher close in the past 10 days as drought continues to impact the Northern Plains.

Livestock

Posted 11:40 -- June live cattle are down $0.40 at $119.25, May feeder cattle are down $0.68 at $143.75, June lean hogs are down $2.50 at $102.2, May corn is down 5 cents per bushel and July soybean meal is down $0.30. The Dow Jones Industrial Average is up 102.30 points and NASDAQ is up 0.68 points. Friday is shaping up to be another painful day in the livestock sector as the live cattle, feeder cattle and lean hog contracts all trade lower into the afternoon. There could be some more cash cattle trade develop before the week's end, but thus far packers are oddly quiet.

Posted 10:36 -- June live cattle are up $0.25 at $119.9, May feeder cattle are down $0.40 at $144.025, June lean hogs are down $0.53 at $104.175, May corn is down 1/4 cent per bushel and July soybean meal is up $3.30. The Dow Jones Industrial Average is up 103.46 points and NASDAQ is down 23.98 points. There's a little bit of interest developing in the livestock contracts but for the most part, the day is still cautious and leery of where the market may trade come next week. The cash cattle market is still quiet without any bids renewed.

Posted 08:34 -- June live cattle are up $0.10 at $119.75, May feeder cattle are down $0.20 at $144.225, June lean hogs are up $0.70 at $105.4, May corn is up 2 1/4 cents per bushel and July soybean meal is down $1.10. The Dow Jones Industrial Average is up 154.91 points and NASDAQ is up 12.98 points. Following Thursday's bearish trade, the livestock contracts will most likely continue to trade in the same doggish manner, as the contracts haven't been able to rally much interest or support this week. There was a moderate movement of fat cattle Thursday afternoon, but more trade will need to develop before the day's end.

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