DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

Illustration by Nick Scalise

Grains

Posted 08:37 -- July corn is up 4 cents per bushel, August soybeans are up 5 3/4 cents, September KC wheat is up 7 cents, September Chicago wheat is up 6 cents and September Minneapolis wheat is up 5 cents. The Dow Jones Industrial Average is up 44.30 points and August crude oil is up $0.13 per barrel. The U.S. dollar index is up 0.040 and August gold is up $10.30 per ounce. The next two-week weather forecast promises plenty of sunshine and warmer temperatures for much of the central U.S. -- something that these tardy crops need badly. Conditions should slowly improve, but area planted is still a huge question mark.

Posted 6/24 at 19:05 -- On Sunday evening, July corn is up 2 1/4 cents, July soybeans are up 1 1/2 cents and July KC wheat is down 1/4 cent. Soybean planting progress was probably limited again this week as more rain fell over the central and eastern Midwest and the weekend saw wide areas of scattered showers. Tensions with Iran remain high after the Associated Press reported Saturday the U.S. launched cyber attacks against Iran's military computer systems late last week. Outside markets are mostly higher with Dow Jones futures up 31 points, August gold up $10.60 and August crude oil up 36 cents. The September U.S. dollar index is trading down 0.11.

Livestock

OMAHA (DTN) -- June live cattle are up $0.23 at $106.775, August feeder cattle are down $0.85 at $132.825, July lean hogs are down $0.93 at $75.325, July corn is up 2 1/4 cents per bushel and July soybean meal is up $2.50. The Dow Jones Industrial Average is up 63.27 points and NASDAQ is up 1.67 points. Triple-digit losses have continued through lean hog futures following Friday's limit losses. Expanded trading limits are available in hog trade, although they have not been utilized at this point.

(BE)