DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- July corn is up 1 1/4 cents per bushel, July soybeans are down 3 1/2 cents per bushel. July KC wheat is up 3/4 cent per bushel, July Chicago wheat is up 3/4 cent per bushel and July Minneapolis wheat is down 1 3/4 cents. The Dow Jones Industrial Average is down 105.08 points at 39,988.32. The U.S. Dollar Index is up 0.160 at 99.54. June crude oil is up $0.28 per barrel at $63.07. Heading into the Friday close, soybeans and bean oil have reversed morning strength to trade lower while corn and wheat are mixed in quiet trade. May options expire later today ahead of first notice day for May futures next week. Rain is still moving across the central and Eastern Corn Belt, but the forecast ahead is warmer and drier.

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Posted 10:35 -- July corn is up 2 1/4 cents per bushel, July soybeans are down 3 cents per bushel. July KC wheat is up 3/4 cent per bushel, July Chicago wheat is up 1 3/4 cents per bushel and July Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is down 223.37 points at 39,870.03. The U.S. Dollar Index is up 0.190 at 99.57. June crude oil is up $0.09 per barrel at $62.88. At midmorning, soybeans and soy products are just a bit weaker and corn and wheat mixed to higher in slow trade.

Posted 08:41 -- July corn is up 1 3/4 cents per bushel and July soybeans are down 3 1/4 cents per bushel. July KC wheat is down 1 3/4 cents per bushel, July Chicago wheat is down 1 cent per bushel and July Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is down 17.86 points at 40,075.54. The U.S. Dollar Index is up 0.410 at 99.79. June crude oil is down $0.34 per barrel at $62.45. Soybeans and wheat have given up early gains to trade mostly lower, while corn is mixed, with spot futures up and December again heading lower. Bean oil and Minneapolis wheat stand alone in being higher. USDA: Private exporters reported sales of 235,000 metric tons (9.3 mb) of corn received in the reporting period for delivery to Mexico. Of the total, 130,000 metric tons (5.1 mb) are for delivery during the 2024/2025 marketing year and 105,000 metric tons (4.2 mb) are for delivery during the 2025/2026 marketing year.

Livestock

Posted 11:40 -- June live cattle are up $0.13 at $208.125, August feeder cattle are up $1.33 at $294.025, June lean hogs are up $1.10 at $101.025, pork cutout are up $1.78 at $95.86, May corn is up 1 1/4 cents per bushel and May soybean meal is up $1.10. The Dow Jones Industrial Average is up 12.07 points and NASDAQ is up 219.98 points. Bids of $210 to $212 have surfaced in the South, but still no cattle have traded. Feedlot managers remain firm in their asking prices of $214 to $215 in the South and $340 plus in the North.

Posted 08:37 -- June live cattle are up $2.00 at $204.075, May feeder cattle are up $2.45 at $286.85, June lean hogs are up $0.08 at $98.025, May corn is down 2 cents per bushel and May soybean meal is down $1.10. The Dow Jones Industrial Average is down 527.16 points. The big ticket item that needs to happen today is trade in the fed cash cattle market. Asking prices are noted in the South at $214 to $215 and $340 in the North -- but currently no bids are on the table. It's assumed that cattle will trade higher again this week.

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