DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:52 -- July corn is down 13 cents per bushel, July soybeans are down 12 3/4 cents, July KC wheat is down 8 1/4 cents, July Chicago wheat is own 11 cents and July Minneapolis wheat is down 1/2 cent. The Dow Jones Industrial Average is up 101.39 points. The U.S. Dollar Index is down 0.110 and June crude oil is down $1.08 per barrel. June gold is up $79.40 per ounce. Heading into the Monday close, grain and soy markets are down hard in unison as clear weather ahead and better crop ratings in wheat are weighing on values. It is likely that the funds are exiting the remaining long position in corn, while adding to the second largest short on record in wheat.

Posted 10:28 -- July corn is down 8 1/2 cents per bushel, July soybeans are down 8 cents, July KC wheat is down 5 1/2 cents, July Chicago wheat is down 6 3/4 cents and July Minneapolis wheat is down 1/2 cent. The Dow Jones Industrial Average is up 25.60 points. The U.S. Dollar Index is down 0.340 and June crude oil is down $1.72 per barrel. June gold is up $77.40 per ounce. At midmorning, corn, soybeans and wheat are extending losses. Clear planting weather ahead and improved wheat conditions continue to lead to selling.

Posted 08:32 -- July corn is down 1 1/2 cents per bushel, July soybeans are down 2 1/2 cents, July KC wheat is down 5 3/4 cents, July Chicago wheat is down 3 1/4 cents and July Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is down 215.29 points. The U.S. Dollar Index is down 0.480 and June crude oil is down $0.88 per barrel. June gold is up $79.40 per ounce. All a futures but Minneapolis wheat and soymeal are down to start the week. Bean oil is under pressure on plans for OPEC+ to raise crude oil output, weakening beans along with the very favorable planting forecast ahead.

Posted 19:10 Sunday -- July corn is up 1 cents, and July soybeans are down 4 cents. New-crop December corn is down a 1/2 cent, while new-crop November soybeans are down 3 3/4 cents. July KC wheat is up 4 cents, July Chicago wheat is up 4 cents, and July Minneapolis wheat is up 4 3/4 cents. June crude oil is down $2.45, and Dow Jones futures are down 205 points. The U.S. Dollar Index is down 0.12, and June gold is up $14.10. Grain markets are trading mixed to open the new week. Traders will be paying close attention to how planting progress is reported in Monday's USDA Crop Progress report. The Eastern Corn Belt in particular may be of interest after another week of widespread rain that may have caused some delays. However, there is a dry window presenting itself in the immediate forecast that could offer an opportunity to catch up before any production concerns arise. The other story to track this week will be the status of China and U.S. trade negotiations. Soybeans got a boost late last week from reports that China was exploring options to open negotiations, but President Donald Trump said on Friday that he would not lower the existing tariffs as a starting point for trade talks.

Livestock

Posted 11:31 -- June live cattle are up $2.38 at $213.475, August feeder cattle are up $1.38 at $298.275, June lean hogs are down $0.08 at $99.275, May corn is down 12 1/2 cents per bushel and May soybean meal is down $0.20. The Dow Jones Industrial Average is up 90.81 points and NASDAQ is down 74.06 points. The livestock complex is trading mixed into Monday's noon hour as the cattle complex is rallying on the market's strong fundamentals and bullish undertone, but the lean hog contracts aren't as supported. New showlists appear to be mixed, higher in Texas, and Nebraska/Colorado, but lower in Kansas.

Posted 08:41 -- June live cattle are up $0.40 at $211.5, August feeder cattle are down $0.15 at $296.75, June lean hogs are down $0.50 at $98.85, May corn is down 2 1/4 cents per bushel and May soybean meal is down $0.00. The Dow Jones Industrial Average is down 169.43 points and NASDAQ is down 122.20 points. Following last week's incredible gains in the fed cash cattle market, the live cattle complex is again trading higher at Monday's open. It will be imperative to see exactly how many cattle were bought last week and committed to what delivery option as that could dictate how aggressive packers will be in this week's cash market.

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