DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- July corn is down 3 cents per bushel, July soybeans are down 7 1/2 cents, July KC wheat is up 7 1/2 cents, July Chicago wheat is up 5 3/4 cents and July Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is down 194.97 points. The U.S. Dollar Index is down 0.480 and July crude oil is up $1.98 per barrel. August gold is up $84.80 per ounce. As we approach the close on Monday, wheat continues to be firm, but well off the highs, while corn has sagged lower and soybeans and soybean oil are down hard.

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Posted 10:31 -- July corn is up 3/4 cent per bushel, July soybeans are down 6 3/4 cents, July KC wheat is up 12 cents, July Chicago wheat is up 10 1/4 cents and July Minneapolis wheat is up 2 1/4 cents. The Dow Jones Industrial Average is down 236.28 points. The U.S. Dollar Index is down 0.620 and July crude oil is up $1.76 per barrel. August gold is up $80.50 per ounce. At mid-morning, both soybeans and soybean oil are under heavy selling pressure. The weakness is likely related to stalled U.S.-China trade talks. Corn is slightly firmer, but wheat markets continue to show strength.

Posted 08:40 -- July corn is up 4 1/2 cents per bushel, July soybeans are down 2 1/2 cents, July KC wheat is up 12 1/2 cents, July Chicago wheat is up 13 1/2 cents and MIAX July Minneapolis wheat is up 6 cents. The Dow Jones Industrial Average is down 180.32 points. The U.S. Dollar Index is down 0.420 and July crude oil is up $2.21 per barrel. August gold is up $69.50 per ounce. Corn and wheat markets are very firm to start the new week, while soybean and soymeal markets are lower based on the lack of progress on a China trade deal.

Posted 08:40 -- July corn is up 4 1/2 cents per bushel, July soybeans are down 2 1/2 cents, July KC wheat is up 12 1/2 cents, July Chicago wheat is up 13 1/2 cents and MIAX July Minneapolis wheat is up 6 cents. The Dow Jones Industrial Average is down 180.32 points. The U.S. Dollar Index is down 0.420 and July crude oil is up $2.21 per barrel. August gold is up $69.50 per ounce. Corn and wheat markets are very firm to start the new week, while soybean and soymeal markets are lower based on the lack of progress on a China trade deal.

Posted 19:18 Sunday -- July corn is up 1/4 cents and July soybeans are down 3/4 cents. December corn is up 1/4 cent and November soybeans are down 3/4 of a cent. July KC wheat is up 3 1/4 cents, July Chicago wheat is up 2 1/2 cents and July Minneapolis wheat is up 3 1/4 cents. July crude oil is up $1.29 and Dow Jones futures are down 99 points. The U.S. Dollar Index is down 0.049 and June gold is up $17.50. Grain markets are mixed to begin the session with offsetting influences of improved forecasts for the Corn Belt offset by escalating tensions during the weekend between Ukraine and Russia. Ukraine launched a surprise drone attack that damaged or destroyed at least 40 Russian bombers. Russia is promising to respond with threats of heightened nuclear activity. A further increase in tensions with China during the weekend along with word late Friday that Trump was increasing steel and aluminum import tariffs to 50% isn't helping prices to start.

Livestock

Posted 11:42 -- August live cattle are up $1.55 at $210.9, August feeder cattle are up $2.80 at $301.625, July lean hogs are up $0.03 at $104.95, July corn is down 2 1/2 cents per bushel and July soybean meal is down $1.50. The Dow Jones Industrial Average is down 198.22 points and NASDAQ is up 46.83 points. New showlists appear to be mixed, higher in Kansas, Nebraska/Colorado, but lower in Texas. All three of the livestock markets are trading higher into Monday's noon hour as trader support is ample.

Posted 08:35 -- August live cattle are up $0.58 at $209.925, August feeder cattle are up $0.33 at $299.15, July lean hogs are up $0.23 at $105.15, July corn is up 3 1/2 cents per bushel and July soybean meal is down $1.80. The Dow Jones Industrial Average is down 187.88 points and NASDAQ is down 19.23 points. Following the impressive fundamental gains made last week in the fed cash cattle market, the cattle contracts are off to a strong start early Monday morning. It will be vital to see exactly how many cattle were bought last week as that will indicate how aggressive packers could be in this week's market.

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