DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:54 -- December corn is down 3 1/2 cents per bushel, November soybeans are down 1 1/4 cents, September KC wheat is up 7 cents, September Chicago wheat is up 6 1/2 cents and MIAX September Minneapolis wheat is up 0.0675 cents. The Dow Jones Industrial Average is up 103.24 points. The U.S. Dollar Index is down 0.440 and September crude oil is down $0.77 per barrel. August gold is up $35.60 per ounce. As we head into the Tuesday close, wheat continues to show solid gains on declining conditions and strength in Black Sea wheat values. Corn and beans are still modestly lower on the favorable weather outlook, ideas of record yields and slack demand.

Posted 10:37 -- December corn is down 2 1/2 cents per bushel, November soybeans are up 1 1/4 cents, September KC wheat is up 7 3/4 cents, September Chicago wheat is up 7 1/4 cents and MIAX September Minneapolis wheat is up 0.0675 cents. The Dow Jones Industrial Average is up 32.49 points. The U.S. Dollar Index is down 0.410 and September crude oil is down $0.82 per barrel. August gold is up $33.30 per ounce. At midmorning corn, soybeans and bean oil remain under modest pressure while November beans have succeeded in trading in the green on falling crop ratings. Wheat is trading sharply higher on falling spring wheat conditions. Right now, the extended forecast into August is favorable with the heat expected to be short-lived.

Posted 08:36 -- September corn is down 2 1/4 cents and August soybeans are down 3 1/2 cents. December corn is down 2 1/4 cents and November soybeans are down 1 1/2 cents. September KC wheat is up 6 3/4 cents, September Chicago wheat is up 4 1/2 cents, and September MIAX Minneapolis wheat is up 2 1/4 cents. September crude oil is down $0.56 and Dow Jones futures are up 3 points. The U.S. Dollar Index is down 0.04 and August gold is up $21.10. Row-crop markets are lower to begin Tuesday's day session, apart from wheat futures which continue to find buying support among 2025 lows. Monday's crop condition scores from USDA were mostly bullish with weekly cuts to soybeans and spring wheat ratings. The early morning push lower for corn futures may have been influenced by reports that Coca-Cola will indeed move ahead with a cane sugar product, but details also revealed that this is not planned to replace the corn syrup formula used by the company.

Livestock

Posted 11:42 -- August live cattle are up $0.43 at $225.65, August feeder cattle are up $1.08 at $328.675, August lean hogs are up $0.55 at $107.9, September corn is down 2 cents per bushel and August soybean meal is up $2.50. The Dow Jones Industrial Average is up 47.13 points and NASDAQ is down 122.03 points. As Tuesday's noon hour approaches, both the live cattle and feeder cattle markets are trading mostly higher as traders are optimistic that the market's fundamentals are going to prevail and justify the higher technical push. Still no business has developed in the fed cash cattle market.

Posted 08:33 -- August live cattle are down $0.05 at $225.175, August feeder cattle are up $0.10 at $327.7, August lean hogs are up $0.43 at $107.775, September corn is down 3 1/4 cents per bushel and August soybean meal is up $1.30. The Dow Jones Industrial Average is down 23.06 points and NASDAQ is down 0.54 points. After reaching new contract highs in many of the nearby cattle contracts yesterday, traders are mixed on how they should handle the cattle contracts today. Meanwhile, the lean hog complex is continuing to trade higher as consumer support remains strong.

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