DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:54 -- July corn is up 1/4 cent per bushel, July soybeans are up 9 1/4 cents, July KC wheat is up 2 cents, July Chicago wheat is up 3 cents and July Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is up 105.51 points. The U.S. Dollar Index is unchanged and July crude oil is up $0.54 per barrel. August gold is down $24.50 per ounce. At midday, soybeans and corn are extending gains while all three wheat markets have now traded higher. It is being reported that the U.S. and China have chosen to continue trade talks after Thursday's telephone meeting between Presidents Trump and Xi Jin Ping. On a good news front, the U.S. sold 4 cargoes of corn from the PNW to South Korea.

Posted 10:30 -- July corn is down 3/4 cent per bushel, July soybeans are up 3 1/4 cents, July KC wheat is up 1 1/2 cents, July Chicago wheat is up 2 cents and MIAX July Minneapolis wheat is down 3/4 cent. The Dow Jones Industrial Average is up 104.14 points. The U.S. Dollar Index is down 0.140 and July crude oil is up $0.59 per barrel. Grain markets and crude oil continue higher after Trump's call with Chinese leader Xi Jinping to discuss tariffs, saying more calls are planned. Winter wheat markets are concerned over weather conditions in the Southern Plains and the likelihood we may see quality problems from the rain, especially where harvest has started. Wheat is also keeping and eye on the escalation of the Ukraine-Russia conflict which could create shipping problems in the Black Sea. Peace talks have been fruitless and it doesn't feel like there will be a resolution given Putin's conditions.

Posted 08:33 -- July corn is up 2 cents per bushel, July soybeans are down 1 1/4 cents, July KC wheat is up 2 3/4 cents, July Chicago wheat is up 4 cents and July Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is up 7.94 points. The U.S. Dollar Index is down 0.390 and July crude oil is up $1.03 per barrel. August gold is up $7.50 per ounce. Corn and wheat are firmer, while soybeans and products have recovered some from early weakness. It is being reported that Presidents Trump and Xi Jinping of China spoke on the phone Thursday.

Livestock

Posted 11:43 -- August live cattle are up $4.18 at $216.525, August feeder cattle are up $4.73 at $308.6, July lean hogs are down $0.55 at $104.475, July corn is up 1/4 cent per bushel and July soybean meal is up $1.10. The Dow Jones Industrial Average is up 111.06 points and NASDAQ is up 72.47 points. A thin cash movement has been noted in Kansas at $230, which is $8.00 higher than last week's weighted average. Still no cattle have traded in the North. Asking prices in the North are firm at $380-plus and in the South at $230-plus.

Posted 08:34 -- August live cattle are up $1.48 at $213.825, August feeder cattle are up $1.58 at $305.45, July lean hogs are up $0.13 at $105.15, July corn is up 2 3/4 cents per bushel and July soybean meal is down $0.60. The Dow Jones Industrial Average is up 61.74 points and NASDAQ is up 72.37 points. Beef net sales of 9,000 mt for 2025 were down 39% from the previous week and 27% from the prior 4-week average. The three largest buyers were South Korea (4,500 mt), Japan (2,800 mt) and Canada (1,000 mt). Pork net sales of 36,400 mt for 2025 were up 19% from the previous week and 25% from the prior 4-week average. The three largest buyers were China (12,700 mt), Mexico (12,000 mt) and Japan (3,000 mt).

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