DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Ahead of the close, December corn is up 1 1/2 cents per bushel, November soybeans are down 8 1/2 cents, September KC wheat is up 1/4 cent, September Chicago wheat is up 1 cent and MIAX September Minneapolis wheat is up 0.0175 cents. The Dow Jones Industrial Average is up 91.59 points. The U.S. Dollar Index is up 0.080 and August crude oil is up $0.34 per barrel. August gold is up $3.00 per ounce. Soybean market is uncertain as to if and when the current extension on tariffs may change again, pressuring soybean exports. Corn and wheat markets bouncing around, but recent lows have likely attracted new buyers. Crude oil continues to hang on to slight gains amid tensions in the Red Sea but EIA reporting a large increase in crude inventories last week is causing underlying pressure.

Posted 10:26 -- December corn is up 1/2 cent per bushel, November soybeans are down 9 1/2 cents, September KC wheat is up 1/2 cent, September Chicago wheat is up 1/4 cent and MIAX September Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 19.25 points. The U.S. Dollar Index is up 0.110 and August crude oil is up $0.19 per barrel. August gold is up $0.10 per ounce. Soybeans continue lower as weather forecasts remain good for the new crop. Corn and wheat markets have turned higher for now but seem uncertain if they want to stay that way. Crude oil is trying to keep the small gain it has made so far, but uncertainty surrounds the tariffs deadline still.

Posted 08:37 -- September corn is down 3/4 cents and August soybeans are down 4 3/4 cents. December corn is down 2 1/2 cents and November soybeans are down 5 1/4 cents. September KC wheat is down 3 cents, September Chicago wheat is down 2 1/2 cents, and September MIAX Minneapolis wheat is down 2 1/4 cents. August crude oil is down $0.55 and Dow Jones futures are up 169 points. The U.S. Dollar Index is up 0.04 and August gold is down $12.40. Row crop prices have faded from overnight gains as market momentum continues to favor the downside. Currently, November soybean futures are breaking support which goes back to early April, opening the door for a move towards $10.00 on the board.

Livestock

Posted 11:38 -- August live cattle are down $0.08 at $219.9, August feeder cattle are up $1.10 at $320.225, August lean hogs are up $0.68 at $107.45, July corn is up 2 1/2 cents per bushel and July soybean meal is down $1.10. The Dow Jones Industrial Average is up 40.51 points and NASDAQ is up 123.13 points. Still no cash cattle trade has developed but asking prices are noted in the South at $228 to $230, but are still not established in the North. With boxed beef prices down at Wednesday's noon hour, it's likely that trade could be delayed until Thursday or Friday.

Posted 08:36 -- August live cattle are down $0.20 at $219.775, August feeder cattle are down $0.28 at $318.85, August lean hogs are down $0.30 at $106.475, July corn is up 1 cent per bushel and July soybean meal is down $0.00. The Dow Jones Industrial Average is up 232.02 points and NASDAQ is up 114.44 points. Following the major rally endured earlier this week, the cattle contracts are trading more cautiously into Wednesday's trading hours. Still no cash cattle trade has developed but asking prices are noted at $228 plus in the South.

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