DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:43 -- July corn is down 5 cents per bushel, July soybeans are down 1/4 cent, July KC wheat is up 4 3/4 cents, July Chicago wheat is up 1 3/4 cents and July Minneapolis wheat is up 9 1/4 cents. The Dow Jones Industrial Average is up 27.84 points. The U.S. Dollar Index is down 0.610 and July crude oil is down $0.95 per barrel. June gold is up $22.70 per ounce. As we head to the Thursday close, corn and bean oil remain under pressure, but beans have bounced a bit from the lows, and wheat markets, led by Minneapolis, are showing solid gains. Brazil and Argentine corn values are undercutting U.S. and weather is a bearish warmer and wetter pattern into mid-June for the central U.S.

Posted 10:28 -- July corn is down 4 3/4 cents per bushel, July soybeans are down 4 1/2 cents, July KC wheat is up 1 1/2 cents, July Chicago wheat is down 1 3/4 cents and July MIAX Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is up 57.40 points. The U.S. Dollar Index is down 0.480 and July crude oil is down $0.74 per barrel. June gold is up $18.00 per ounce. At midmorning, corn, soybeans and soybean oil are suffering losses, while wheat and soymeal are a mixed bag in quiet trade. Minneapolis wheat is the firmest and still reacting to the low crop ratings on Monday's report.

Posted 08:31 -- July corn is down 5 cents per bushel, July soybeans are down 5 3/4 cents, July KC wheat is up 1 1/4 cents, July Chicago wheat is down 1 cent and July MIAX Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is up 49.22 points. The U.S. Dollar Index is down 0.460 and July crude oil is down $0.59 per barrel. June gold is up $24.60 per ounce. Corn and soybeans are under heavy pressure while wheat is firmer. USDA: private exporters reported the following sales activity: 104,000 mt (4 mb) of corn for delivery to Mexico during the 2024-25 marketing year and 101,096 mt (4 mb) of corn for delivery to unknown destinations during the 2024-25 marketing year.

Livestock

Posted 11:41 -- August live cattle are up $2.05 at $210.225, August feeder cattle are up $4.15 at $299.775, July lean hogs are down $0.23 at $103.075, July corn is down 5 1/2 cents per bushel and July soybean meal is up $3.00. The Dow Jones Industrial Average is down 44.68 points and NASDAQ is up 105.75 points. There's been some light cash cattle trade in the South at $221 to $222, which is $1.00 higher than last week's weighted average. But there's been no trade in the North yet. Asking prices are still not established in the North.

Posted 08:36 -- August live cattle are up $0.55 at $208.725, August feeder cattle are up $1.10 at $296.725, July lean hogs are down $0.18 at $103.125. July corn is down 5 1/4 cents per bushel and July soybean meal is down $0.30. The Dow Jones Industrial Average is up 44.55 points and NASDAQ is up 267.04 points. The cattle complex is off to a slightly stronger start, but still no cash cattle trade has developed. Asking prices are noted in the South at $222, but are still not established in the North.

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