DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:46 -- July corn is down 9 1/4 cents per bushel, July soybeans are up 1 1/4 cents, July KC wheat is down 3 3/4 cents, July Chicago wheat is down 6 cents and July Minneapolis wheat is down 10 1/2 cents. The Dow Jones Industrial Average is up 362.08 points. The U.S. Dollar Index is down 0.200 and July crude oil is down $1.09 per barrel. August gold is down $41.50 per ounce. At midday, wheat corn and soymeal markers are under serious pressure, with meal forging lower lows. Soybeans are mixed -- moderately higher in the November, while soybean oil continues to extend gains to a near expanded limit gain. The May NOPA crush came in at a record that month, at 192.8 mb and 5% higher than a year ago. May 31 soybean oil stocks fell to 1.37 million pounds and that is down 20% from a year ago.
Posted 10:30 -- July corn is down 9 1/4 cents per bushel, July soybeans are down 3 cents, July KC wheat is down 4 1/2 cents, July Chicago wheat is down 6 1/4 cents and July Minneapolis wheat is down 7 1/4 cents. The Dow Jones Industrial Average is up 389.16 points. The U.S. Dollar Index is down 0.290 and July crude oil is down $2.31 per barrel. August gold is down $29.10 per ounce. Corn is under heavy pressure, wheat still lower and soybeans have sold off a dime from the high. Bean oil is still very strong, while bean meal dropped to a new contract low overnight. A news story from Bloomberg indicated Iran was ready to restart talks on nuclear issues.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
Posted 08:35 -- July corn is down 6 cents per bushel, July soybeans are up 5 3/4 cents, July KC wheat is down 3 1/2 cents, July Chicago wheat is down 5 1/2 cents and MIAX July Minneapolis wheat is down 2 3/4 cents. The Dow Jones Industrial Average is up 274.59 points. The U.S. Dollar Index is down 0.380 and July crude oil is down $1.03 per barrel. August gold is down $18.60 per ounce. Soybeans and soybean oil are higher, with bean oil gapping higher after Friday's limit-up move. Grain markets and soymeal are under pressure. The Trump administration's decision to ramp up Renewable Volume Obligations has led to the bean oil explosion. Grain and soy markets are under pressure on bearish weather and improved conditions.
Posted 19:10 Sunday -- July corn is up 1/2 cents, and July soybeans are up 3 cents. July KC wheat is up 3/4 cents, July Chicago wheat is down 1/4 cents, and July Minneapolis wheat is up 3/4 cents. July crude oil is up $1.18, and Dow Jones futures are up 43 points. The U.S. Dollar Index is up 0.08, and August gold is up $11.30. Soybean and soybean oil futures have gapped higher to begin the new week, extending gains from Friday's bullish news from the EPA, which outlined biofuel blending mandates at levels higher than was largely expected among traders. Friendly U.S. weather still weighs on prices, but Friday's news does help ease some of the anxiety that bearish traders have had regarding the soybean market for most of 2025 thus far. In world news, the ongoing conflict between Israel and Iran will need to be monitored throughout the week for its impact on energy markets.
LivestockPosted 11:45 -- August live cattle are up $3.50 at $215.95, August feeder cattle are up $4.03 at $310.45, July lean hogs are up $2.05 at $111.525, July corn is down 11 3/4 cents per bushel and July soybean meal is down $7.80. The Dow Jones Industrial Average is up 368.64 points and NASDAQ is up 274.09 points. The livestock complex is off to a strong start as both beef and pork demand are helping push the contracts higher. New showlists appear to be higher in a major feeding states.
Posted 08:35 -- August live cattle are up $1.18 at $213.625, August feeder cattle are up $1.00 at $307.425, July lean hogs are up $1.28 at $110.75, July corn is down 5 1/4 cents per bushel and July soybean meal is down $5.10. The Dow Jones Industrial Average is up 227.15 points and NASDAQ is up 197.60 points. The livestock complex is off to a stronger start this morning as the market continues to rally on strong fundamental support. But again this week -- traders will need to see ample fundamental support if they're going to sustain their upward momentum.
**
Editor's Note: Get ahead of the herd with the latest insights on the cattle market's changing cycle. Join us on Tuesday, June 24, from 10 a.m. CDT to noon for an in-depth analysis of how weather patterns, trade disruptions, and drought are reshaping the beef industry's traditional 10-year cycle. Oklahoma State University Livestock Marketing Specialist Dr. Derrell Peel shares what the cowherd of the future will look like, while DTN experts share details on weather conditions for forage and pastures, hay market dynamics and what it all means for fat and live cattle prices. Register for free here: https://dtn.link/… .
**
(c) Copyright 2025 DTN, LLC. All rights reserved.
