DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Heading into the close, December corn is up 3 3/4 cents per bushel, November soybeans are up 17 1/4 cents, September KC wheat is down 1 3/4 cents, September Chicago wheat is up 3 cents and MIAX September Minneapolis wheat is down 0.0225 cents. The Dow Jones Industrial Average is up 125.24 points. The U.S. Dollar Index is down 0.390 and August crude oil is down $0.22 per barrel. August gold is up $22.60 per ounce. KC HRW wheat has turned lower as harvest is completed for the most part in Kansas and headed into South Dakota. Farmers normally sell or have sold their new crop off the combine, especially in the Southern Plains which floods the cash market. Soybean market is higher as domestic demand is firming cash markets. Crude oil is slightly lower, reacting to the unexpected increase in gasoline stocks, even as crude oil stocks were down from one week ago.

Posted 10:32 -- December corn is up 5 cents per bushel, November soybeans are up 17 1/4 cents, September KC wheat is up 1/4 cent, September Chicago wheat is up 4 1/4 cents and MIAX September Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is down 80.32 points. The U.S. Dollar Index is down 0.630 and August crude oil is down $0.66 per barrel. August gold is up $37.00 per ounce. Soybeans are higher due in part to a fresh sale announce today by USDA that private exporters sold 120,000 mt of soybeans for delivery in the 2025-26 crop year. Wheat markets have turned higher as Taiwan is tendering to buy 89,000 metric tons of a mixed cargo of U.S. wheat.

Posted 08:41 -- September corn is up 3 1/2 cents and August soybeans are up 11 3/4 cents. December corn is up 3 1/2 cents and November soybeans are up 12 3/4 cents. September KC wheat is down 4 3/4 cents, September Chicago wheat is down 3 3/4 cents, and September MIAX Minneapolis wheat is up 1/4 cents. August crude oil is down $0.58 and Dow Jones futures are up 199 points. The U.S. Dollar Index is up 0.21 and August gold is down $2.60. Row-crop markets are strong out of the gate Wednesday with the exception of wheat futures which are struggling to get off the ground amid harvest pressures. Market bulls will be looking for a more convincing session than we've seen to begin this week as early gains in futures have tended to fade as day sessions progress. USDA also reports early Wednesday 4.4 million bushels of new crop 2025-26 soybeans sold to unknown destinations, which is likely to spur speculation if China is ultimately the buyer.

Livestock

Posted 11:35 -- August live cattle are up $0.15 at $222.55, August feeder cattle are up $0.33 at $322.6, August lean hogs are up $0.53 at $104.45, December corn is up 3 3/4 cents per bushel and December soybean meal is up $4.30. The Dow Jones Industrial Average is up 8.44 points. A few cash cattle bids are now on the table in parts of Western Nebraska at $235 and in Kansas at $225 to $228, but they are well below current Southern asking prices of $232-plus. Northern asking prices are still not fully established. Beef cutouts are lower at midday (choice 373.61 -4.11, select 360.85 -1.73) with light to moderate box movement (79 lds of choice cuts, 18 lds of select cuts, 00 lds of trim, and 07 lds of ground), with a choice/select spread of $12.76. Wednesday's projected cattle slaughter is 118,000. Pork cutouts at midday are 114.35, +0.33, with 150.58 total loads. Wednesday's projected hog slaughter is 476,000.

Posted 08:36 -- August live cattle are up $0.18 at $222.575, August feeder cattle are down $0.40 at $321.875, August lean hogs are up $1.13 at $105.05, December corn is up 3 1/2 cents per bushel and December soybean meal is up $4.40. The Dow Jones Industrial Average is up 158.33 points. The cash cattle trade is quiet this morning with Southern asking prices around $232-plus, but they are still not established in the North. Bids are very hard to come by at this point in the day. Significant trade volume will most likely be delayed until Thursday or Friday. The CME Feeder Index for July 14, 2025, was $1.21 higher at $321.10, the projected CME Lean Hog Index for July 14, 2025, was down $0.06, at $107.19.

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