DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:46 -- July corn is up 2 cents per bushel, July soybeans are up 7 1/4 cents, July KC wheat is down 6 1/2 cents, July Chicago wheat is down 7 1/2 cents and July Minneapolis wheat is down 7 cents. The Dow Jones Industrial Average is down 84.89 points. The U.S. Dollar Index is down 0.330 and June crude oil is up $1.05 per barrel. June gold is up $39.60 per ounce. Going into the Friday close, both KC and Chicago wheat have plunged to new lows with Minneapolis knocking on the door. Corn has given up some of its early gain, but remains higher, while soybeans and bean oil are firmer still. Sagging world wheat offers from the Black Sea is given credit for wheat weakness, while rumors are floating around that China may have bought 400,000 mt to 500,000 mt of Aussie and Canadian wheat.

Posted 10:31 -- July corn is up 3 3/4 cents per bushel, July soybeans are up 11 1/4 cents, July KC wheat is down 5 1/2 cents, July Chicago wheat is down 5 3/4 cents and July Minneapolis wheat is down 4 cents. The Dow Jones Industrial Average is down 116.97 points. The U.S. Dollar Index is down 0.320 and June crude oil is up $0.82 per barrel. June gold is up $38.90 per ounce. At mid-morning, soybeans and corn remain higher while KC wheat drops to another new low and now joined by Chicago.

Posted 08:38 -- July corn is up 7 cents per bushel, July soybeans are up 8 1/2 cents, July KC wheat is up 1/4 cent, July Chicago wheat is up 3/4 cent and July Minneapolis wheat is steady. The Dow Jones Industrial Average is up 139.75 points. The U.S. Dollar Index is down 0.350 and June crude oil is up $0.63 per barrel. June gold is up $34.60 per ounce. Corn and beans are flying higher on new trade talk optimism and more export sales announced. The hits keep coming. USDA: private exporters reported to the following sales: 288,000 mt (11.3 mb) of corn to Mexico. Of the total, 95,100 mt (3.7 mb) is for 2024-25 and 192,900 mt (7.6 mb) is for 2025-26. 120,000 mt (4.4 mb) of soybeans for delivery to Pakistan for 2025-26.

Livestock

Posted 11:38 -- June live cattle are up $0.40 at $214.65, August feeder cattle are down $1.00 at $300.25, June lean hogs are up $0.55 at $97.725, May corn is up 3 1/2 cents per bushel and May soybean meal is up $1.30. The Dow Jones Industrial Average is down 162.34 points and NASDAQ is down 29.98 points. No new cash cattle trade has developed at this point, but some clean-up trade could develop ahead of the week's close. Asking prices for cattle left to trade are firm at $221-plus in the South and $356-plus in the North.

Posted 08:37 -- June live cattle are up $0.05 at $214.3, August feeder cattle are steady, June lean hogs are up $0.08 at $97.25, May corn is up 1 3/4 cents per bushel and May soybean meal is up $0.60. The Dow Jones Industrial Average is up 124.99 points and NASDAQ is up 108.25 points. It will most likely be a quiet day for the livestock complex as the cattle contracts have had a mostly successfully week trading steady/somewhat higher and the bulk of this week's cash cattle trade is likely done. Asking prices left for cattle to trade remain firm at $221 plus in the South and $356 plus in the North.

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