DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- July corn is down 2 cents per bushel, July soybeans are up 2 1/2 cents, July KC wheat is up 11 cents, July Chicago wheat is up 12 cents and July Minneapolis wheat is up 6 1/4 cents. The Dow Jones Industrial Average is down 239.00 points. The U.S. Dollar Index is up 0.780 and July crude oil is up $2.72 per barrel. August gold is down $9.20 per ounce. Heading into the Tuesday close, the corn and wheat markets are holding solid gains, while soybeans and soymeal are moderately firmer and bean oil still lower. Bean oil weakness comes despite the strong move higher by crude oil as the Iran-Israel conflict heats up and threatens the passage of oil in the Middle East. Funds are sizeable buyers of wheat and corn, likely covering some shorts. The weather is nonthreatening into the first week of July.

Posted 10:34 -- July corn is down 1 1/4 cents per bushel, July soybeans are up 2 cents, July KC wheat is up 10 1/2 cents, July Chicago wheat is up 11 3/4 cents and July Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is down 95.12 points. The U.S. Dollar Index is up 0.440 and July crude oil is up $2.00 per barrel. August gold is down $18.50 per ounce. At midmorning, bean oil has reversed to trade higher while corn, wheat and beans are also mostly higher, led by Chicago and KC wheat where funds are likely covering some of their shorts.

Posted 08:35 -- July corn is up 1 3/4 cents per bushel, July soybeans are up 1/4 cent, July KC wheat is up 8 3/4 cents, July Chicago wheat is up 9 1/2 cents and July Minneapolis wheat is up 2 1/4 cents. The Dow Jones Industrial Average is down 128.96 points. The U.S. Dollar Index is up 0.170 and July crude oil is up $1.00 per barrel. August gold is down $3.60 per ounce. Grain and soy markets are higher, led by wheat markets, while bean oil, off two consecutive limit-up moves is slightly lower to start. Weather remains favorable with more rain headed for the Corn Belt. USDA reported that private exporters reported sales of 120,000 metric tons of soybean cake and meal for delivery to unknown destinations during the 2025/2026 marketing year.

Livestock

Posted 11:41 -- August live cattle are down $3.93 at $211.625, August feeder cattle are down $4.40 at $305.825, August lean hogs are down $0.18 at $112.5, July corn is down 2 3/4 cents per bushel and July soybean meal is up $1.20. The Dow Jones Industrial Average is down 29.80 points and NASDAQ is down 40.04 points. Heading into Tuesday afternoon, the livestock contracts are all lower as traders are concerned the futures complex may be overbought. Still no cash cattle trade has developed but asking prices are noted at $238 in the South.

Posted 08:37 -- August live cattle are down $0.30 at $215.25, August feeder cattle are down $1.30 at $308.925, August lean hogs are up $0.25 at $112.925, July corn is up 2 1/4 cents per bushel and July soybean meal is up $1.00. The Dow Jones Industrial Average is down 111.54 points and NASDAQ is down 91.60 points. Following Monday's bullish push, the cattle contracts are back to trading lower as traders desperately need to see continued fundamental support. Traders are still apprehensive to overly support the complex as they continue to fear that the market is overbought.

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