DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 08:34 -- July corn is up 5 3/4 cents per bushel, July soybeans are up 17 3/4 cents, July KC wheat is up 1 1/4 cents, July Chicago wheat is up 1 3/4 cents and July Minneapolis wheat is down 1 3/4 cents. The Dow Jones Industrial Average is up 983.77 points. The U.S. Dollar Index is up 1.130 and June crude oil is up $2.24 per barrel. June gold is down $106.40 per ounce. Soybeans and bean oil are surging on the news that the U.S. and China agreed to cut reciprocal tariffs by 115% for 90 days until a new trade deal can be executed. Corn is along for the ride on hopes that China can renew corn buying from the U.S. Wheat forged new lows overnight on the surging dollar and improving conditions. USDA: Private exporters reported export sales of 120,000 mt (4.4 mb) of soybeans to Mexico. Of the total, 24,000 mt (0.9 mb) is for 2024-25 and 96,000 mt (3.5 mb) is for 2025-26.

Posted 19:07 Sunday -- July corn is up 1 3/4 cents and July soybeans are up 10 3/4 cents. July KC wheat is up 1 1/2 cents, July Chicago wheat is up 1 1/4 cents, and July Minneapolis wheat is up 1 cents. June crude oil is up $0.21 and Dow Jones futures are up 414 points. The U.S. Dollar Index is up 0.21 and June gold is down $55.60. Markets are firmer on the open for the new week, after U.S. officials praised the negotiations with China over the weekend as very productive, with a few comments touting that a deal was reached. Details at this point are vague and are reported to be discussed in more detail on Monday. For now, soybean futures are liking the optimism, trading double digits higher ahead of a very busy Monday which will include the May WASDE report from USDA and an early look into new crop 2025-26 grain fundamentals.

Livestock

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