DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- July corn is up 2 cents per bushel, July soybeans are down 1 1/4 cents, July KC wheat is down 11 cents, July Chicago wheat is down 9 3/4 cents and July Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is up 938.11 points and July crude oil is up $2.04 per barrel. The U.S. Dollar Index is up 0.300 and August gold is down $42.90 per ounce. Despite more new sales of soybeans to unknown, which is thought to be China, beans have given up all morning gains. The combination of China and "unknown" since last Friday has bought 42.5 million bushels of U.S. beans. Wheat is melting down after hitting major resistance and ahead of an accelerating harvest, with mostly clear weather.

Posted 10:33 -- July corn is up 2 cents per bushel, July soybeans are up 2 cents, July KC wheat is down 8 cents, July Chicago wheat is down 7 3/4 cents and July Minneapolis wheat is down 8 1/4 cents. The Dow Jones Industrial Average is up 1,024.11 points and July crude oil is up $1.93 per barrel. The U.S. dollar index is up 0.140 and August gold is down $47.70 per ounce. The corn and soy markets continue to extend recent strong gains on the heels of additional large soybean sales to unknown, which most presume to be China. Wheat encountered major resistance and has sold-off ahead of favorable harvest weather. Equities continue to surge on surprising jobs news.

Posted 08:37 -- July corn is up 1 1/4 cents per bushel, July soybeans are up 4 1/4 cents, July KC wheat is up 1/4 cent, July Chicago wheat is down 3/4 cent and July Minneapolis wheat is down 3/4 cent. The Dow Jones Industrial Average is up 679.57 points and July crude oil is up $1.43 per barrel. The U.S. dollar index is up 0.090 and August gold is down $40.30 per ounce. Two new sales of soybeans were announced sold to unknown. A sale of 258,000 mt (9.5 mb), with 60,000 mt (2.2 mb) for 2019-20 and 198,000 mt (7.3 mb) for 2020-21, and another sale of 330,000 mt (12.1 mb), with 196,000 mt (7.2 mb) for 2019-20 and 134,000 mt (4.9 mb) for 2020-21. The stock market continues to surge on better than expected jobs numbers.

Livestock

Posted 11:30 -- August live cattle are down $0.98 at $96.95, August feeder cattle are down $0.65 at $134.075, July lean hogs are up $1.40 at $54.975, July corn is up 2 cents per bushel and July soybean meal is down $0.80. The Dow Jones Industrial Average is up 876.30 points and NASDAQ is up 204.73 points. Friday is shaping up to be a strong day for the lean hog market as contracts rally well over $1.00 but the cattle contracts unfortunately can't say the same. Both live cattle and feeder cattle contracts fight pressure in nearby contracts as uncertainty continues to plague the industry.

Posted 10:31 -- August live cattle are down $0.73 at $97.2, August feeder cattle are down $0.08 at $134.65, July lean hogs are up $0.88 at $54.45, July corn is up 1 3/4 cents per bushel and July soybean meal is down $0.50. The Dow Jones Industrial Average is up 946.19 points and NASDAQ is up 202.81 points. Cattle contracts fight nearby resistance, while the lean hog market trades higher throughout the complex. Cash cattle trade has been very quiet Friday morning with bids and asking prices yet to found. Trade has transpired throughout all regions this week with an enormous variance in prices again.

Posted 08:37 -- August live cattle are up $0.23 at $98.15, August feeder cattle are up $0.53 at $135.25, July lean hogs are up $1.23 at $54.8, July corn is up 1 1/4 cents per bushel and July soybean meal is up $1.30. The Dow Jones Industrial Average is up 685.90 points and NASDAQ is up 85.60 points. As Friday welcomes the last trading day of the week, it will be interesting to see how cash trade wraps up the week. Seeing that Thursday afternoon prices dropped significantly lower to $105, how the week wraps up could set the tone for the upcoming week.

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