Posted 08:33 -- September corn is up 2 1/2 cents per bushel, November soybeans are up 1 1/2 cents, September KC wheat is up 1 cent, September Chicago wheat is up 1 cent and September Minneapolis wheat is up 2 3/4 cents. The Dow Jones Industrial Average is down 90.04 points and August crude oil is down $0.68 per barrel. The U.S. Dollar Index is up 0.020 and August gold is down $1.00 per ounce. The corn recovery extends early on Tuesday, as corn open interest fell over 50,000 contracts on Monday, suggesting huge fund buying of shorts. The two-week forecast features warmer weather and normal to below rainfall in the central U.S. just as we move into a key pollination phase. Overhanging the market is the political tension between the U.S. and China following China's passage of a security plan for Hong Kong.Livestock
OMAHA (DTN) -- August live cattle are down $0.03 at $96.45, August feeder cattle are down $0.28 at $133.225, August lean hogs are up $0.15 at $48.6, September corn is up 1 3/4 cents per bushel and July soybean meal is up $0.80. The Dow Jones Industrial Average is down 107.35 points and NASDAQ is down 9.56 points. Early Tuesday, it will be important to monitor cash cattle trade and see if anything develops. With Thursday being the last trading day of the week, traders and cash cattle enthusiasts will have to get business rolling early in the week if anything is going to get done before the weekend holiday.
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