DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:47 -- September corn is down 2 3/4 cents per bushel, November soybeans are up 2 3/4 cents, September KC wheat is down 2 cents, September Chicago wheat is up 1 cent and September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 144.16 points. The U.S. Dollar Index is down 0.440 and August crude oil is down $0.53 per barrel. August gold is up $18.30 per ounce. Just ahead of the close, all of the markets are pretty calm, with corn and beans slightly lower and wheat a bit firmer after there were no significant surprises in the quarterly stocks and acreage reports. Soybeans were up 12-13 ahead of the report release and now up just 3.

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Posted 10:36 -- September corn is up 1/2 cent per bushel, November soybeans are up 12 3/4 cents, September KC wheat is up 3 cents, September Chicago wheat is up 4 1/4 cents and September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 215.68 points. The U.S. Dollar Index is down 0.370 and August crude oil is down $0.74 per barrel. August gold is up $12.80 per ounce. Soybeans are rallying hard at midmorning and products are firmer as well. Wheat and corn are moderately stronger. Looks like someone is expecting soy acres or stocks to be down in the report.

Posted 08:34 -- September corn is down 2 3/4 cents per bushel, November soybeans are up 5 3/4 cents, September KC wheat is down 1/2 cent, September Chicago wheat is down 3/4 cent and MIAX September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 198.16 points. The U.S. Dollar Index is down 0.140 and August crude oil is down $0.17 per barrel. August gold is up $6.00 per ounce. USDA: private exporters reported sales of 204,000 mt of soybean cake and meal to unknown destinations during the 2025-26 marketing year. Grain and soymeal still weaker while soybeans and bean oil are firmer.

Posted 19:00 Sunday -- September corn is up 1 1/2 cents per bushel, November soybeans are up 3 cents, September KC wheat is up 2 1/4 cents, September Chicago wheat is up 2 cents and September Minneapolis wheat is steady. The Dow Jones Industrial Average futures contract is up 183 points. The U.S. Dollar Index is down 0.210 and August crude oil is down $0.74 per barrel. August gold is down $11.60 per ounce. Ahead of Monday's quarterly stocks and acreage report, grain and soy markets could see a bit more of short covering Sunday evening. The weekend saw some heavy rain in the Northern Plains with tornadoes and instances of wind damage. Another front moves through the belt Sunday through Tuesday and weather is non-threatening until mid-July. However, past that time a warmer and drier pattern is expected to set in, and both Europe and the Black Sea remain too hot and dry. There are rumors that a trade deal with India is close.

Livestock

Posted 11:43 -- August live cattle are up $0.93 at $214.225, August feeder cattle are up $2.80 at $310.7, August lean hogs are down $2.78 at $107.5, July corn is down 1 1/2 cents per bushel and July soybean meal is down $0.50. The Dow Jones Industrial Average is up 161.70 points and NASDAQ is up 51.94 points. The cattle complex is higher as traders continue see boxed beef prices climb, which is enough fundamental support for them. New showlists appear to be mixed, higher in Texas, and Nebraska/Colorado, but lower in Kansas.

Posted 08:36 -- August live cattle are down $1.00 at $212.3, August feeder cattle are down $0.65 at $307.25, August lean hogs are down $2.73 at $107.55, July corn is up 2 1/4 cents per bushel and July soybean meal is down $1.40. The Dow Jones Industrial Average is up 137.61 points and NASDAQ is up 40.38 points. The cattle contracts are trading lower following last Friday's big push. Meanwhile, the lean hog contracts are continuing to trade lower as the market looks for technical footing.

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