DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 13:00 -- July corn is up 1/2 cent per bushel, July soybeans are up 7 1/4 cents, July KC wheat is down 3 1/2 cents, July Chicago wheat is down 3 3/4 cents and July Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is up 212.67 points. The U.S. Dollar Index is up 0.500 and July crude oil is up $1.00 per barrel. August gold is down $19.50 per ounce. As we head to the close, soybeans, corn and soybean oil continue to show solid gains while wheat remains under pressure. Near-term weather is bearish for the Corn Belt but a ridge of high pressure is forecast to move in past mid-month.

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Posted 10:34 -- July corn is up 1 3/4 cents and July soybeans are up 5 3/4 cents. December corn is up 3 cents and November soybeans are up 3 3/4 cents. July KC wheat is up 2 cents, July Chicago wheat is up 2 3/4 cents, and July MIAX Minneapolis wheat is down 6 cents. July crude oil is up $1.26 and Dow Jones futures are up 100 points. The U.S. Dollar Index is up 0.50 and August gold is down $24.60. Row-crop markets are mostly higher as of late morning on Tuesday. Corn futures are finding buying support after sinking early to the lowest price of 2025 thus far for the July contract. Soybeans are positive on a rally off the 100-day moving average in soybean oil. Lastly, wheat futures are higher for winter varieties likely still riding the wave of bullishness from weekend conflict in the Black Sea. Hard red spring futures are lower after an improvement in crop conditions was noted by the USDA in Monday afternoon's update.

Posted 08:31 -- July corn is up 1 1/4 cents per bushel, July soybeans are up 7 1/2 cents, July KC wheat is up 2 1/2 cents, July Chicago wheat is up 3 3/4 cents and July Minneapolis wheat is down 3 cents. The Dow Jones Industrial Average is down 10.60 points. The U.S. Dollar Index is up 0.460 and July crude oil is up $0.52 per barrel. August gold is down $19.40 per ounce. Grain and soy markets start off firm with the exception of Minneapolis wheat. The strength comes despite the quick start to planting and follow-up rains and the improved wheat conditions.

Livestock

Posted 11:49 -- August live cattle are down $0.75 at $210.25, August feeder cattle are down $0.63 at $301.125, July lean hogs are down $0.13 at $104.85, July corn is down 1/4 cent per bushel and July soybean meal is up $0.80. The Dow Jones Industrial Average is up 179.66 points and NASDAQ is up 197.46 points. The cattle contracts are continuing to trade higher as traders believe that fundamental support will remain ample again this week. Asking prices have been noted in Texas at $226 but are not established anywhere else just yet.

Posted 08:36 -- August live cattle are up $0.13 at $211.125, August feeder cattle are up $0.33 at $302.075, July lean hogs are down $0.10 at $104.875. July corn is up 3 1/2 cents per bushel and July soybean meal is up $1.20. The Dow Jones Industrial Average is down 35.82 points and NASDAQ is up 63.09 points. The cattle complex is continuing to trade higher as traders are hopeful that fundamental support will remain ample again this year. No bids or asking prices have surfaced yet for the fed cash cattle market.

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