DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- After the Sunday evening open, crop prices are mixed. May corn is down 3/4 cent and May soybeans are up 1/4 cent. After a couple more days of rain, the forecast for central Brazil starts turning drier this week, making a transition to the dry season. May KC wheat is down 2 3/4 cents, even with red flag warnings posted in western Kansas Sunday and Kansas temperatures in the 90s. The Black Sea region received isolated showers over the weekend, but eastern Ukraine and southwestern Russia remain dry. May Minneapolis wheat is down 3 3/4 cents. June crude oil is up $0.02 and Dow Jones futures are up 90 points. The U.S. Dollar Index is down 0.09 and June gold is up $4.70. Several media sources reported Israel and the U.S. downed nearly all the drones and missiles Iran fired against Israel over the weekend. Several nations in the region are urging a de-escalation of the fighting and the U.S. is urging Israel not to retaliate.

Livestock

(c) Copyright 2024 DTN, LLC. All rights reserved.