DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Before the close, September corn is up 8 cents per bushel, November soybeans are up 20 1/2 cents, September KC wheat is up 9 1/2 cents, September Chicago wheat is up 11 3/4 cents and MIAX September Minneapolis wheat is up 1/5 cent. The Dow Jones Industrial Average is down 27.15 points. The U.S. Dollar Index is down 0.020 and August crude oil is up $1.59 per barrel. August gold is up $9.90 per ounce. Wheat traders likely reacted to reports of serious drought in Russia's Rostov main wheat growing region and of course quality issues in U.S. winter wheat. The soybean market is still finding most of its strength in bean oil, while corn finally decided to follow wheat. Crude oil is still showing gains in spite of the EIA reporting an increase in inventory last week.

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Posted 10:35 -- September corn is up 2 1/4 cents per bushel, November soybeans are up 8 1/4 cents, September KC wheat is up 4 1/4 cents, September Chicago wheat is up 5 cents and MIAX September Minneapolis wheat is up 0 cent. The Dow Jones Industrial Average is up 22.46 points. The U.S. Dollar Index is up 0.100 and August crude oil is up $0.42 per barrel. August gold is up $2.70 per ounce. Concerns over quality in the winter wheat may be giving those markets strength. The soybean market is getting strength from another strong day in bean oil and corn isn't sure what to do on its own.

Posted 08:50 -- September corn is down 1/4 cents and August soybeans are up 5 3/4 cents. September KC wheat is up 1 3/4 cents, September Chicago wheat is down 1/4 cents, and September MIAX Minneapolis wheat is up 2 1/4 cents. August crude oil is up $0.48 and Dow Jones futures are down 79 points. The U.S. Dollar Index is up 0.22 and August gold is down $2.00. Corn and wheat markets have again reversed off early lows and are now trading close to even for corn and slightly higher for wheat as buyers are stepping in at chart support near 2025 and contract lows. Soybean futures are higher, driven primarily by another strong session in the making for soybean oil futures following the 2025 budget bills passage through the Senate on Tuesday.

Livestock

Posted 11:33 -- August live cattle are down $0.08 at $210.675, August feeder cattle are up $0.40 at $306.425, August lean hogs are up $0.63 at $107.575, July corn is up 5 cents per bushel and July soybean meal is down $0.50. The Dow Jones Industrial Average is down 35.59 points and NASDAQ is up 154.79 points. There have been a few deals marked in Western Nebraska at $230, which is $1.00 lower than last week's weighted average. Asking prices are around $224 to $225 in the South and $368 in the North.

Posted 08:40 -- August live cattle are down $0.28 at $210.475, August feeder cattle are down $0.58 at $305.45, August lean hogs are down $0.03 at $106.925, July corn is steady and July soybean meal is down $1.60. The Dow Jones Industrial Average is down 139.16 points and NASDAQ is up 32.99 points. The cattle complex is again trading lower following the bearish news from USDA that the border is going to reopen to Mexican cattle. Still no cash cattle trade has developed but asking prices are noted in the South at $224 to $225.

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