DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:37 -- Heading into the close, December corn is down 5 1/4 cents per bushel, November soybeans are down 2 1/4 cents, September KC wheat is down 2 3/4 cents, September Chicago wheat is up 3/4 cent and MIAX September Minneapolis wheat is down 0.0825 cents. The Dow Jones Industrial Average is down 172.57 points. The U.S. Dollar Index is up 0.100 and August crude oil is up $0.59 per barrel. August gold is down $26.40 per ounce. Good weather for corn and soybeans and the lack of any significant trade deals yet are pressuring the markets. Fresh private export sales announced this morning for corn and meal haven't done much for the market today so far. Oil futures are higher, still brushing off the weekend OPEC production hike announced Sunday, instead focusing on tariff implementation now delayed to Aug. 1.

Posted 10:49 -- December corn is down 4 1/4 cents per bushel, November soybeans are down 1/4 cent, September KC wheat is down 4 cents, September Chicago wheat is down 1/4 cent and MIAX September Minneapolis wheat is down 0 cent. The Dow Jones Industrial Average is down 88.83 points. The U.S. Dollar Index is up 0.170 and August crude oil is up $0.54 per barrel. August gold is down $37.20 per ounce. Grain markets still in the red with some of that being corn and soybean progress and conditions reported Monday afternoon were favorable for the crop. Winter wheat markets unable to find anything negative right now has harvest continues to move along and heads north.

Posted 08:38 -- September corn is down 3 1/4 cents and August soybeans are down 8 1/4 cents. December corn is down 4 3/4 cents and November soybeans are down 3 3/4 cents. September KC wheat is down 4 1/2 cents, September Chicago wheat is down 3 cents, and September MIAX Minneapolis wheat is down 5 1/4 cents. August crude oil is down $0.25 and Dow Jones futures are down 52 points. The U.S. Dollar Index is up 0.23 and August gold is down $8.20. Row crops are lower again Tuesday with December corn futures hitting a new contract low and September futures breaking below $4.00 -- the first such move for front-month corn since mid-October 2024 as the strongest USDA crop rating for early July since 2018 combined with a friendly weather outlook for the next two weeks is encouraging fresh selling from traders.

Livestock

Posted 11:40 -- August live cattle are up $2.85 at $218.75, August feeder cattle are up $3.33 at $317.05, August lean hogs are down $0.30 at $106.8July corn is down 4 1/2 cents per bushel and July soybean meal is down $0.40. The Dow Jones Industrial Average is down 123.65 points and NASDAQ is up 12.49 points. The cattle contracts continue to trade higher and higher as traders are pleased to see the support of strong fundamental demand which is helping drive the contracts higher. Asking prices are noted at $226 plus in the South and are still not established for the North.

Posted 08:39 -- August live cattle are up $0.30 at $216.2, August feeder cattle are up $0.58 at $314.3, August lean hogs are up $0.18 at $107.275, July corn is down 3 cents per bushel and July soybean meal is down $1.00. The Dow Jones Industrial Average is down 76.67 points and NASDAQ is up 47.41 points. The cattle complex is continuing to trade higher as traders remain enthusiastic about what this week's trade could accomplish. Asking prices are noted in the South at $226 plus but are still not established in the North.

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