DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

Illustration by Nick Scalise


OMAHA (DTN) -- After the 8:30 open, July corn is down 7 cents, July soybeans are down 4 3/4 cents, and July K.C. wheat is down 13 cents. Bearish exports sales reported this morning are pressuring all three markets. The current pace of corn and soybean shipments are not on track to reach the most current USDA forecast for this marketing year. It’s still early the new marketing year for wheat, but so far exports shipments have been well below average. Corn and soybean traders are nervously waiting for any new developments on the U.S. placing tariffs on Chinese goods. The U.S. dollar is up 0.64, still higher after Wednesday’s news of the Fed rate increase.