DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 1 1/2 cents per bushel, November soybeans are up 7 1/2 cents per bushel. September KC wheat is down 4 1/4 cents per bushel, September Chicago wheat is down 3 1/4 cents per bushel and September Minneapolis wheat is down 5 cents. The Dow Jones Industrial Average is up 45.13 points at 39,376.98. The U.S. Dollar Index is down 0.330 at 105.39 and August crude oil is up $0.05 per barrel at $82.86. USDA announced a new sale of soybeans to unknown destinations of 110,100 mt (4 mb), with 55,100 mt (2 mb) for 2023-24 and the other 55,000 mt (2 mb) for 2024-25. Soybeans and soybean oil remain very firm, with the latter rising for the sixth consecutive day. Wheat and corn are both lower in quiet trade.

Livestock

Posted 08:39 -- August live cattle are up $0.25 at $185.35, August feeder cattle are down $0.05 at $261.05, August lean hogs are steady, December corn is down 1 3/4 cents per bushel and December soybean meal is up $0.30. The Dow Jones Industrial Average is up 35.13 points. The livestock complex is mixed at Wednesday's start, which could be the major theme throughout the day as trader interest will likely be minimal given that Thursday is the 4th of July holiday. The cash cattle market is quiet with no bids or asking prices currently posted.

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