DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:52 -- July corn is down 2 1/4 cents per bushel, July soybeans are up 18 3/4 cents, July KC wheat is down 8 1/4 cents, July Chicago wheat is down 6 cents and July Minneapolis wheat is down 8 1/2 cents. The Dow Jones Industrial Average is up 1,077.97 points. The U.S. Dollar Index is up 1.540 and June crude oil is up $1.19 per barrel. June gold is down $116.10 per ounce. Soybeans and soy products continue to show large gains on the U.S.-China tariff moratorium and a bullish production and May WASDE report. Spot corn has gone negative while December remains higher. And what can you say about wheat, but new contract lows again following bearish WASDE data. Funds continue to add to a huge net short position in wheat.

Posted 10:32 -- July corn is up 1 1/2 cents per bushel, July soybeans are up 8 1/2 cents, July KC wheat is up 3 1/4 cents, July Chicago wheat is up 2 1/2 cents and July Minneapolis wheat is down 1 cent. The Dow Jones Industrial Average is up 966.20 points. The U.S. Dollar Index is up 1.280 and June crude oil is up $1.36 per barrel. June gold is down $102.80 per ounce. Soybeans, bean oil and corn are still higher but have relinquished about half of the morning gains from the initial euphoria over the U.S.-China tariff removal. Wheat is still mixed after both KC and Chicago fell to new lows overnight. Pressure from the surging dollar is weighing on wheat.

Posted 08:34 -- July corn is up 5 3/4 cents per bushel, July soybeans are up 17 3/4 cents, July KC wheat is up 1 1/4 cents, July Chicago wheat is up 1 3/4 cents and July Minneapolis wheat is down 1 3/4 cents. The Dow Jones Industrial Average is up 983.77 points. The U.S. Dollar Index is up 1.130 and June crude oil is up $2.24 per barrel. June gold is down $106.40 per ounce. Soybeans and bean oil are surging on the news that the U.S. and China agreed to cut reciprocal tariffs by 115% for 90 days until a new trade deal can be executed. Corn is along for the ride on hopes that China can renew corn buying from the U.S. Wheat forged new lows overnight on the surging dollar and improving conditions. USDA: Private exporters reported export sales of 120,000 mt (4.4 mb) of soybeans to Mexico. Of the total, 24,000 mt (0.9 mb) is for 2024-25 and 96,000 mt (3.5 mb) is for 2025-26.

Posted 19:07 Sunday -- July corn is up 1 3/4 cents and July soybeans are up 10 3/4 cents. July KC wheat is up 1 1/2 cents, July Chicago wheat is up 1 1/4 cents, and July Minneapolis wheat is up 1 cents. June crude oil is up $0.21 and Dow Jones futures are up 414 points. The U.S. Dollar Index is up 0.21 and June gold is down $55.60. Markets are firmer on the open for the new week, after U.S. officials praised the negotiations with China over the weekend as very productive, with a few comments touting that a deal was reached. Details at this point are vague and are reported to be discussed in more detail on Monday. For now, soybean futures are liking the optimism, trading double digits higher ahead of a very busy Monday which will include the May WASDE report from USDA and an early look into new crop 2025-26 grain fundamentals.

Livestock

Posted 11:41 -- June live cattle are up $1.80 at $216.475, August feeder cattle are up $4.65 at $304.95, June lean hogs are up $0.73 at $98.3, May corn is up 2 1/2 cents per bushel and May soybean meal is up $2.90. The Dow Jones Industrial Average is up 956.44 points and NASDAQ is up 682.33 points. With support seeping into the livestock complex robustly, all three of the markets are trading higher. New showlists appear to be lower in all major feeding states.

Posted 08:40 -- June live cattle are up $2.05 at $216.725, August feeder cattle are up $3.98 at $304.275, June lean hogs are up $2.08 at $99.65, May corn is up 5 3/4 cents per bushel and May soybean meal is up $3.60. The Dow Jones Industrial Average is up 981.60 points and NASDAQ is up 656.76 points. Upon having the first opportunity to trade the new news that broke over the weekend that all imports of Mexican cattle will again be halted for 15 days as the New World Screwworm fly continues to spread. This has pushed both the live cattle and feeder cattle contracts to gap higher -- as supplies are already limited here in the U.S.

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