DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:47 -- July corn is down 3 1/4 cents per bushel, July soybeans are down 7 cents, July KC wheat is down 2 cents, July Chicago wheat is down 2 1/4 cents and MIAX July Minneapolis wheat is up 7 cents. The Dow Jones Industrial Average is down 142.53 points. The U.S. Dollar Index is down 0.870 and July crude oil is up $0.37 per barrel. June gold is up $69.60 per ounce. Heading into the Friday close ahead of the 3-day holiday weekend, only Minneapolis wheat and bean oil futures remain higher. Corn, soy and meal markets are lower. There are rumors private analysts are raising Brazil corn production to record or near-record levels based on big yields early.

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Posted 10:30 -- July corn is down 3 cents per bushel, July soybeans are down 8 cents, July KC wheat is down 3 cents, July Chicago wheat is down 2 3/4 cents and MIAX July Minneapolis wheat is up 4 3/4 cents. The Dow Jones Industrial Average is down 273.85 points. The U.S. Dollar Index is down 0.640 and July crude oil is up $0.60 per barrel. June gold is up $63.80 per ounce. At midmorning only Minneapolis wheat and bean oil remain higher while corn, soybeans, meal and winter wheat futures are under pressure. There is little news out except for a statement that the Trump administration could raise EU tariffs to 50% without a settlement of trade talks. That is pressuring equities.

Posted 08:32 -- July corn is down 5 1/4 cents per bushel, July soybeans are down 9 1/2 cents, July KC wheat is up 2 1/4 cents, July Chicago wheat is up 2 cents and MIAX July Minneapolis wheat is up 5 1/2 cents. The Dow Jones Industrial Average is down 410.33 points. The U.S. Dollar Index is down 0.530 and July crude oil is down $0.29 per barrel. June gold is up $52.50 per ounce. Wheat is higher, led by Minneapolis. While corn, soybeans and soymeal are lower on favorable weather and a seasonal period of weakness ahead.

Livestock

Posted 11:40 -- August live cattle are up $0.05 at $210.55, August feeder cattle are up $0.85 at $300.625, July lean hogs are down $0.80 at $101.25, July corn is down 3 cents per bushel and July soybean meal is down $3.20. The Dow Jones Industrial Average is down 277.22 points and NASDAQ is down 191.53 points. There's a single bid currently on the table at $218 in Kansas, but still no cattle have traded Friday. It will be a busy afternoon for the cattle complex as the market needs to see more cattle trade and as the monthly Cattle on Feed report will be released.

Posted 08:36 -- August live cattle are down $0.48 at $210.025, August feeder cattle are down $0.50 at $299.275, July lean hogs are down $0.68 at $101.375, July corn is down 4 1/2 cents per bushel and July soybean meal is down $2.90. The Dow Jones Industrial Average is down 486.46 points and NASDAQ is down 304.80 points. The fed cash cattle market will need to see more trade develop today -- especially in the South where the week's movement has been extremely light thus far. Asking prices are still elusive and bids have not been renewed at this point.

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