DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:46 -- July corn is up 1 3/4 cents per bushel, July soybeans are up 4 3/4 cents, July KC wheat is up 3 cents, July Chicago wheat is up 6 3/4 cents and July Minneapolis wheat is up 5 1/4 cents. The Dow Jones Industrial Average is up 49.96 points. The U.S. Dollar Index is down 0.530 and July crude oil is down $0.77 per barrel. August gold is up $27.40 per ounce. Grain and soy markets are headed for the close with solid gains in each market. Some weather premium is being added to account for the hotter and drier forecast after midmonth. However, in the meantime, the warm and wet pattern for much of the Corn Belt is bearish in the short run.

Posted 11:23 -- July corn is up 4 3/4 cents per bushel, July soybeans are up 9 3/4 cents, July KC wheat is up 2 3/4 cents, July Chicago wheat is up 6 3/4 cents and July Minneapolis wheat is up 6 1/4 cents. The Dow Jones Industrial Average is down 19.37 points. The U.S. Dollar Index is down 0.460 and July crude oil is down $0.71 per barrel. August gold is up $21.00 per ounce. At mid-morning only bean oil futures are lower. Soybeans and soymeal are extending gains and corn and wheat are very firm as well. Optimism that some trade deals could be closed this week and some short covering likely reasons for strength.

Livestock

Posted 11:30 -- August live cattle are up $1.55 at $211.3, August feeder cattle are up $1.25 at $302.475, July lean hogs are up $0.60 at $105.175, July corn is up 4 3/4 cents per bushel and July soybean meal is up $4.20. The Dow Jones Industrial Average is down 14.70 points and NASDAQ is up 26.26 points. More than anything traders seem to be chopping the cattle contracts sideways, waiting to see what's going to develop in this week's fed cash cattle market. Asking prices are noted at $226 in the South but otherwise the market is quiet.

(c) Copyright 2025 DTN, LLC. All rights reserved.