DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Ahead of the close, December corn is up 2 cents per bushel, November soybeans are up 3 1/4 cents, September KC wheat is down 4 1/2 cents, September Chicago wheat is down 5 1/2 cents and MIAX September Minneapolis wheat is down 1/2 cent. The Dow Jones Industrial Average is up 344.11 points. The U.S. Dollar Index is up 0.370 and August crude oil is down $0.50 per barrel. August gold is down $19.10 per ounce. Wheat is still mixed and corn is struggling to hang on to earlier gains. Soybean market still performing even as bean oil falls. Crude oil is still slightly lower in pre-holiday trading and the OPEC meeting on Sunday.

Posted 10:50 -- December corn is up 3 3/4 cents per bushel, November soybeans are up 6 1/4 cents, September KC wheat is down 3 1/2 cents, September Chicago wheat is down 2 3/4 cents and MIAX September Minneapolis wheat is up 0 cent. The Dow Jones Industrial Average is up 349.84 points. The U.S. Dollar Index is up 0.340 and August crude oil is down $0.54 per barrel. August gold is down $21.70 per ounce. Wheat markets are mixed while corn and soybeans are higher thanks in part to fresh private export sales announced Thursday by USDA. Crude oil is lower so far this morning as the trade is looking ahead to the OPEC meeting taking place this weekend, July 6.

Posted 08:35 -- September corn is up 5 1/4 cents and August soybeans are up 7 1/2 cents. December corn is up 4 3/4 cents and November soybeans are up 5 3/4 cents. September KC wheat is up 3 3/4 cents, September Chicago wheat is up 1/2 cents, and September MIAX Minneapolis wheat is up 5 cents. August crude oil is down $0.22 and Dow Jones futures are up 107 points. The U.S. Dollar Index is up 0.29 and August gold is down $16.80. Grain markets are firm again early Thursday ahead of the Fourth of July Holiday break and long weekend. There is a seasonal tendency for prices to rally in early July, which is surely helping markets along. Traders likely do not want to be too overexposed from the short side should weather forecasts shift over the holiday break, with a crucial handful of weeks ahead for crop development.

Livestock

Posted 11:44 -- August live cattle are up $1.80 at $214.25, August feeder cattle are up $0.48 at $309.5, August lean hogs are down $1.23 at $106.675, July corn is up 3 3/4 cents per bushel and July soybean meal is up $1.70. The Dow Jones Industrial Average is up 369.75 points and NASDAQ is up 207.17 points. No new cash cattle trade has developed following the light business conducted Wednesday, but packer interest should improve throughout the day. On Wednesday, Northern dressed cash cattle traded from $368 to $370, which is steady to $2.00 lower than the previous week's weighted average; Southern live cattle traded at mostly $222 to $224, which is also steady to $2.00 lower than the previous week's weighted average.

Posted 08:39 -- August live cattle are up $0.50 at $212.95, August feeder cattle are up $0.15 at $309.175, August lean hogs are down $0.30 at $107.6, July corn is up 5 3/4 cents per bushel and July soybean meal is up $2.10. The Dow Jones Industrial Average is up 95.12 points and NASDAQ is up 123.19 points. Beef net sales of 11,400 mt for 2025 were down 19% from the previous week and 9% from the prior 4-week average. The three largest buyers were South Korea (3,400 mt), Japan (2,800 mt) and Taiwan (1,800 mt). Pork net sales of 27,100 mt for 2025 were down 47% from the previous week and 14% from the prior 4-week average. The three primary buyers were Mexico (15,200 mt), Japan (4,300 mt) and Colombia (1,400 mt).

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