DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:49 -- July corn is up 6 3/4 cents per bushel, July soybeans are up 2 1/2 cents, July KC wheat is up 15 1/4 cents, July Chicago wheat is up 18 cents and MIAX July Minneapolis wheat is up 12 1/2 cents. The Dow Jones Industrial Average is down 100.46 points. The U.S. Dollar Index is down 0.300 and July crude oil is up $0.01 per barrel. June gold is up $54.10 per ounce. Ahead of the Tuesday close, corn and wheat are extending solid gains and soybeans and bean oil have recovered from early weakness. With some 21 million acres of corn left to plant, the next week to 10 days will be a challenge with a wet forecast in some areas.

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Posted 10:31 -- July corn is up 4 3/4 cents per bushel, July soybeans are down 1 cent, July KC wheat is up 12 1/2 cents, July Chicago wheat is up 14 1/2 cents and MIAX July Minneapolis wheat is up 7 1/2 cents. The Dow Jones Industrial Average is down 60.99 points. The U.S. Dollar Index is down 0.190 and July crude oil is down $0.53 per barrel. June gold is up $47.30 per ounce. At midmorning, both soybeans and bean oil remain under modest pressure. Corn is firm while the wheat markets are extending gains on likely fund short-covering.

Posted 08:32 -- July corn is up 4 3/4 cents per bushel, July soybeans are down 3/4 cent, July KC wheat is up 12 3/4 cents, July Chicago wheat is up 12 1/4 cents and MIAX July Minneapolis wheat is up 10 1/4 cents. The Dow Jones Industrial Average is down 24.39 points. The U.S. Dollar Index is down 0.010 and July crude oil is down $0.22 per barrel. June gold is up $7.20 per ounce. Soybeans and bean oil are mixed to lower while wheat and corn are strongly higher early Tuesday. Plentiful rain in the Corn Belt is likely to put a halt to planting. In winter wheat areas concern is growing regarding diseases in both soft and hard wheat regions.

Livestock

Posted 11:29 -- August live cattle are down $0.05 at $207.875, August feeder cattle are up $0.75 at $298.225, June lean hogs are down $0.03 at $99.225, July corn is up 4 1/2 cents per bushel and July soybean meal is up $1.50. The Dow Jones Industrial Average is down 147.65 points and NASDAQ is down 80.40 points. Although both the live cattle and feeder cattle contracts are trading mildly higher, it's seeming more and more apparent that traders don't possess the support they need to really advance the cattle contracts higher. Still no cash cattle trade has developed.

Posted 08:37 -- August live cattle are up $0.15 at $208.075, August feeder cattle are down $0.18 at $297.3, June lean hogs are down $0.50 at $98.75, July corn is up 5 cents per bushel and July soybean meal is up $0.70. The Dow Jones Industrial Average is down 57.42 points and NASDAQ is down 73.81 points. The livestock complex is again trading mixed as traders are mildly supporting the live cattle contracts, but the lean hog and feeder cattle markets are trading lower. Still no cash cattle trade has developed and trade will likely be delayed until Thursday or Friday.

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