DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- July corn is down 1 cents and July soybeans are down 3 cents. December corn is down 1 3/4 cents and November soybeans are down 2 1/2 cents. July KC wheat is down 2 3/4 cents, July Chicago wheat is down 1 1/4 cents and July Minneapolis wheat is down 2 1/4 cents. July crude oil is up $0.01 and Dow Jones futures are down 12 points. The U.S. Dollar Index is down 0.10 and August gold is down $9.30. Grain markets are softer to begin the new week. U.S. and Chinese officials are set to meet in London for the latest round of trade negotiations on Monday, the latest in positive steps following the conversation between Presidents Trump and Xi last Thursday. Meanwhile, tensions between Ukraine and Russia continue to escalate following both sides trading blows in the past week, the fear in the wheat market is that key Black Sea port infrastructure areas may be targeted or damaged. Weather and crop conditions will also take center stage in dictating the extent of the recent rallies in U.S. row crop markets, with Monday's Crop Progress report from the USDA setting the tone for the week.

Livestock

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