Posted 10:35 -- December corn is unchanged, September soybeans are down 4 3/4 cents, September KC wheat is up 1/2 cent, September Chicago wheat is down 1 1/4 cents and September Minneapolis wheat is up 1/4 cent. The Dow Jones Industrial Average is up 70.35 points and September crude oil is up $0.02 per barrel. The U.S. dollar index is up 0.360 and August gold is down $4.40 per ounce. Soybeans and Chicago wheat are leading the weakness on Tuesday. The soy market is finding no confirmation of any China buying of U.S. soybeans. Chicago September wheat is hovering right at its 100-day moving average and a close under than may be construed as bearish. While current weather in the Midwest is favorable, longer-term forecasts are a bit drier after next week as it warms up again.
Posted 08:37 -- December corn is down 3/4 cent per bushel, September soybeans are down 3 3/4 cents, September KC wheat is up 1 1/4 cents, September Chicago wheat is up 1/4 cent and September Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is up 110.52 points and September crude oil is up $0.05 per barrel. The U.S. dollar index is up 0.330 and August gold is down $1.20 per ounce. While current weather is favorable for a wide share of corn pollination, there are dry areas that could use more moisture soon -- Iowa and Illinois are two of those areas. The corn and soy markets are lower to begin Tuesday, while wheat is a bit higher. Egypt has its cheapest wheat offer from Ukraine and is likely to buy Ukraine or Romanian wheat in its tender.Livestock
OMAHA (DTN) -- August live cattle are up $0.58 at $109.025, August feeder cattle are down $0.23 at $141.95, August lean hogs are up $2.95 at $86.175, September corn is down 3/4 cent per bushel and August soybean meal is down $2.00. The Dow Jones Industrial Average is up 63.24 points and NASDAQ is up 10.04 points. August lean hog futures are testing daily trading limits midday Tuesday, nearing the $3 per cwt gains needed to lock trade activity. A close at these daily limits would allow for expanded limits on Wednesday. Cattle trade remains mixed, as narrow losses continue in feeder cattle trade, while continued support is pushing nearby live cattle futures higher.
Posted 10:29 -- August live cattle are up $0.33 at $108.775, August feeder cattle are down $0.63 at $141.55, August lean hogs are up $1.55 at $84.775, September corn is down 1 cent per bushel and August soybean meal is down $2.00. The Dow Jones Industrial Average is up 94.44 points and NASDAQ is up 12.51 points. Gains have continued to develop in lean hog futures Tuesday morning with nearby futures posting gains at or near $1.50 per cwt based on continued support in cash hog values and expected gains in wholesale pork prices. Cattle markets remain mixed with light to moderate live cattle gains offset by position adjustments and moderate losses in feeder cattle trade.
Posted 09:22 -- August live cattle are up $0.30 at $108.75, August feeder cattle are down $0.68 at $141.5, August lean hogs are up $0.85 at $84.075, September corn is down 1 3/4 cents per bushel and August soybean meal is down $1.70. The Dow Jones Industrial Average is up 57.45 points and NASDAQ is up 1.71 points. Active support is renewed in lean hog futures with nearby contracts posting early gains near $1 per cwt higher. Given the firmness in the cattle complex, losses are expected to remain limited through most of the morning Tuesday. Cattle slaughter is expected to hit 122,000 head Tuesday, 1,000 head more than week ago levels.
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