DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:53 -- July corn is down 4 1/2 cents per bushel, July soybeans are down 6 3/4 cents, September KC wheat is down 6 3/4 cents, July Chicago wheat is down 5 1/2 cents and September Minneapolis wheat is down 3 3/4 cents. The Dow Jones Industrial Average is down 67.83 points. The U.S. Dollar Index is down 0.250 and August crude oil is up $0.53 per barrel. August gold is down $23.90 per ounce. Heading for the Friday close, all of the grain and soy markets have moved lower with some markets showing a bearish reversal. Weather, aside from a 3- to 4-day heat episode, looks favorable with a return of rain next week.

Posted 10:26 -- July corn is down 2 1/4 cents per bushel, July soybeans are down 1 1/4 cents, September KC wheat is up 3 1/2 cents, July Chicago wheat is up 3 1/2 cents and MIAX September Minneapolis wheat is up 3 3/4 cents. The Dow Jones Industrial Average is up 122.68 points. The U.S. Dollar Index is down 0.210 and August crude oil is down $0.21 per barrel. August gold is down $24.10 per ounce. Wheat markets have recovered from early weakness to trade higher, while corn and soy have now traded steady to lower in quiet trade. It is very quiet at midmorning.

Posted 08:33 -- July corn is down 3 cents per bushel, July soybeans are up 1 cent, September KC wheat is down 5 cents, July Chicago wheat is down 5 1/4 cents and September Minneapolis wheat is down 3 1/4 cents. The Dow Jones Industrial Average is up 130.22 points. The U.S. Dollar Index is down 0.210 and August crude oil is down $0.32 per barrel. August gold is down $32.70 per ounce. Corn is steady to lower, wheat markets are correcting and beans and bean oil are slightly higher in quiet early trade. USDA: Private exporters reported sales of 124,000 mt (4.9 mb) of corn for delivery to unknown destinations during the 2025-26 marketing year.

Posted 19:23 Thursday -- July corn is down 3/4 cents and July soybeans are down 4 cents on Thursday evening. December corn is up a 1/4 cent and November soybeans are down 2 1/2 cents. July KC wheat is down 4 1/4 cents, July Chicago wheat is down 3 1/2 cents, and July MIAX Minneapolis wheat is down 4 cents. August crude oil is up $0.46 and Dow Jones futures are down 104 points. The U.S. Dollar Index is down 0.27 and August gold is down $21.80. Grain markets are mostly lower as trade resumes following the break for the Juneteenth holiday on Thursday. Wheat markets are coming off a very bullish session on Wednesday and will be up against technical resistance for Friday's trade, so it would not be too surprising to see some profit taking heading into the weekend. Reports for Friday include the delayed Export Sales report at 7:30 a.m. CDT.

Livestock

Posted 11:33 -- August live cattle are up $1.25 at $212.925, August feeder cattle are up $2.40 at $306.575, August lean hogs are up $0.35 at $112.35July corn is down 4 cents per bushel and July soybean meal is down $0.20. The Dow Jones Industrial Average is up 75.78 points and NASDAQ is down 81.87 points. Friday's export report shared that beef net sales of 11,700 mt for 2025 were down 24% from the previous week and 9% from the prior four-week average. The three largest buyers were Japan (4,000 mt), South Korea (3,200 mt) and Mexico (1,500 mt). Pork net sales of 28,200 mt for 2025 were up noticeably from the previous week but down 1% from the prior four-week average. The three largest buyers were Mexico (16,200 mt), Japan (5,000 mt) and Australia (1,600 mt).

Posted 08:37 -- August live cattle are up $0.45 at $212.125, August feeder cattle are up $0.85 at $305.025, August lean hogs are down $0.18 at $111.825, July corn is down 3/4 cent per bushel and July soybean meal is down $0.90. The Dow Jones Industrial Average is up 152.57 points and NASDAQ is up 124.82 points. The cash cattle market is still quiet with no bids currently on the table. It's likely that trade could be delayed until after this afternoon's Cattle on Feed report.

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