OMAHA (DTN) -- December corn is down 6 cents per bushel, September soybeans are down 7 3/4 cents, September KC wheat is down 3 cents, September Chicago wheat is down 5 1/4 cents and September Minneapolis wheat is down 2 3/4 cents. The Dow Jones Industrial Average is down 36.67 points and September crude oil is up $0.35 per barrel. The U.S. dollar index is up 0.140 and August gold is up $0.70 per ounce. The outlook for improved corn, soy and spring wheat crops, and a cooler forecast as we head into pollination, has pressured the grain and soy markets early Monday. Export inspections in the case of all three major ag commodities, were below the weekly average needed to achieve the USDA projection. Corn inspections are now down 12% while soybean inspections are down 24% from a year ago.
Posted 08:36 --December corn is down 5 3/4 cents per bushel, September soybeans are down 2 cents, September KC wheat is up 1/2 cent, September Chicago wheat is down 1 3/4 cents and September Minneapolis wheat is down 2 1/2 cents. The Dow Jones Industrial Average is up 27.87 points and September crude oil is up $0.38 per barrel. The U.S. dollar index is up 0.100 and August gold is up $0.50 per ounce. Improving U.S. weather and crop conditions, slack export demand and large speculators who are caught long a significant amount of corn in a falling market are pressuring the corn market to begin the week.
Posted 7/21 at 19:05 -- On Sunday evening, December corn is up 1 cent, November soybeans are up 1 1/4 cents and September KC wheat is up 1/4 cent. The central and north-central Midwest received rain over the weekend as hot temperatures turned milder for the central and northern Corn Belt. Outside markets are quiet with Dow Jones futures up 17 points, August gold down 50 cents and the September U.S. dollar index trading up 0.02. August crude oil up 46 cents with increased tensions in the Strait of Hormuz after Iran seized a British-flagged oil tanker Friday.Livestock
Posted 10:26 -- August live cattle are up $0.43 at $108.025, August feeder cattle are up $0.85 at $140.825, August lean hogs are down $1.38 at $82.5, September corn is down 5 cents per bushel and August soybean meal is down $1.70. The Dow Jones Industrial Average is down 39.74 points and NASDAQ is up 31.43 points. Light to moderate support developed in cattle futures midmorning with feeder cattle buying firming as prices tested $1 per cwt gains in several contract months. Light pressure is seen in lean hog trade as traders focus on adjusting positions following previous strong gains over the last week.
Posted 09:17 -- August live cattle are down $0.03 at $107.575, August feeder cattle are down $0.23 at $139.75, August lean hogs are down $0.48 at $83.4, September corn is down 4 3/4 cents per bushel and August soybean meal is down $1.90. The Dow Jones Industrial Average is up 23.08 points and NASDAQ is up 52.83 points. Livestock trade has been limited early Monday with narrowly mixed price shifts in cattle trade showing slight adjustments following the cattle on feed and inventory reports late Friday. Hog futures remain mostly higher as follow through support is based on technical bullishness redeveloping across the complex.
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