DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- July corn is down 2 1/4 cents per bushel, July soybeans are down 7 cents per bushel. July KC wheat is up 9 1/2 cents per bushel, July Chicago wheat is up 1/2 cent per bushel and July Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is up 229.26 points at 38,315.06 and The U.S. Dollar Index is up 0.430 at 106.03 and June crude oil is up $0.31 per barrel at $83.88. As we near the close, wheat markets are still higher, but have retreated considerably from the highs as those markets get overbought. Soybeans are weaker on ideas that the current wet pattern could shift some acres to beans, and corn is just slightly weaker in slow trade. May option expiry is today, which could increase activity into the close.

Posted 10:48 -- July corn is up 3/4 cent per bushel, July soybeans are down 1 3/4 cents per bushel. July KC wheat is up 7 3/4 cents per bushel, July Chicago wheat is up 3 cents per bushel and July Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 130.24 points at 38,216.04 and The U.S. Dollar Index is up 0.480 at 106.08 and June crude oil is up $0.39 per barrel at $83.96. Wheat continues to hold gains, while corn meanders around unchanged and soybeas and soymeal are lower in very quiet trade. Rain continues to move through the U.S. central Plains and Upper Midwest. Planting progress will no doubt be slowed down.

Posted 08:37 -- July corn is down 3/4 cent per bushel, July soybeans are down 4 1/4 cents per bushel. July KC wheat is up 2 3/4 cents per bushel, July Chicago wheat is down 1/2 cent per bushel and July Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 20.04 points at 38,105.84. The U.S. Dollar Index is up 0.220 at 105.82 and June crude oil is up $0.54 per barrel at $84.11. Soybeans and soymeal are lower, with corn little changed and hard wheat markets higher for the seventh straight day. So far, it is a quiet news day with good rain moving across the central U.S. helping to alleviate drought conditions in some parts of the Corn Belt.

Livestock

Posted 11:32 -- June live cattle are up $0.65 at $178.45, August feeder cattle are up $1.88 at $260.175, June lean hogs are down $2.43 at $102.575, July corn is up 1 1/2 cents per bushel and July soybean meal is down $2.20. The Dow Jones Industrial Average is up 168.77 points. Bids have been renewed in Kansas and Nebraska, but no new sales have been reported at this time. A few more clean up deals could develop before Friday's close, but it's likely that bulk of the week's trade is done with.

Posted 08:42 -- June live cattle are up $0.23 at $178.025, August feeder cattle are up $1.28 at $259.575, June lean hogs are down $0.98 at $104.025, July corn is down 1/2 cent per bushel and July soybean meal is down $2.90. The Dow Jones Industrial Average is up 31.75 points. Following the higher trade in the cash cattle market, both the live cattle and feeder cattle contracts are trading higher at Friday's start. A few more cattle could trade throughout the day, but it's likely that the week's prices are set in the cash sector.

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