DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- July corn is down 2 1/4 cents per bushel, July soybeans are down 5 1/2 cents, July KC wheat is down 3 1/4 cents, July Chicago wheat is down 2 1/4 cents and July Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 177.81 points. The U.S. Dollar Index is down 0.520 and July crude oil is up $2.06 per barrel. August gold is down $0.10 per ounce. As we head toward the Wednesday close, grain and soy markets remain slightly lower with the exception of bean oil and Minneapolis wheat. A piece of good news is that ethanol production last week rose to a new all-time record 1.12 million barrels per day. China and the U.S. have agreed on a few important issues, but they will continue to work on a new trade deal which involves ag products.

Posted 10:28 -- July corn is down 3/4 cent per bushel, July soybeans are down 2 1/2 cents, July KC wheat is unchanged, July Chicago wheat is down 3/4 cent and July Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 165.98 points. The U.S. Dollar Index is down 0.450 and July crude oil is up $1.53 per barrel. August gold is up $16.90 per ounce. At midmorning, corn wheat and soybeans have all set back from overnight highs to trade lower. Traders don't seem very excited about the Trump administration saying a deal with China is done once signed. The details of that remain sketchy at this time. Inflation numbers came in milder than expected, boosting equities.

Posted 08:32 -- July corn is up 2 1/2 cents per bushel, July soybeans are down 1 1/2 cents, July KC wheat is up 2 1/4 cents, July Chicago wheat is up 1/4 cent and MIAX July Minneapolis wheat is up 3 3/4 cents. The Dow Jones Industrial Average is down 35.21 points. The U.S. Dollar Index is down 0.230 and July crude oil is up $1.13 per barrel. August gold is up $12.50 per ounce. Early Wednesday, corn and wheat are higher while soybeans and soybean oil have retreated from early strength to trade lower. A new U.S.-China trade deal may be close at hand, but confirmation and details are lacking.

Livestock

Posted 11:35 -- August live cattle are up $0.33 at $218.525, August feeder cattle are down $1.73 at $311.425, July lean hogs are up $0.58 at $108.775, July corn is up 1 1/4 cents per bushel and July soybean meal is down $0.50. The Dow Jones Industrial Average is up 156.59 points and NASDAQ is up 2.94 points. No new cash cattle trade has developed following Tuesday's action. Asking prices are noted in the South at $236-plus but are still not established in the North.

Posted 08:36 -- August live cattle are down $0.45 at $217.75, August feeder cattle are down $0.78 at $312.375, July lean hogs are up $0.33 at $108.525, July corn is up 4 cents per bushel and July soybean meal is up $1.30. The Dow Jones Industrial Average is up 37.37 points and NASDAQ is up 72.78 points. The cattle complex is off to a more cautious start following the rumor disruption that occurred on Tuesday amid ICE raids in Omaha. No new cash cattle trade has developed, but asking prices are noted at $236 plus in the South.

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