DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- December corn is down 3 3/4 cents per bushel, November soybeans are up 5 1/2 cents, September KC wheat is down 7 cents, September Chicago wheat is down 9 cents and MIAX September Minneapolis wheat is down 4 1/2 cents. The Dow Jones Industrial Average is up 199.09 points. The U.S. Dollar Index is up 0.350 and August crude oil is up $1.03 per barrel. August gold is down $17.00 per ounce. Heading into the Thursday close, soybeans and bean oil are the big winners with soybean oil leading the way higher on the bullish fundamental outlook. Corn is extending losses, pressured by more rain ahead, solid crop ratings and concern that the proposed replacement of high fructose corn syrup with cane sugar could add corn supply to the ending stocks. Wheat has been battered all day with KC Sep just 1/2 cent from the low.

Posted 10:35 -- December corn is down 1 3/4 cents per bushel, November soybeans are up 4 3/4 cents, September KC wheat is down 5 cents, September Chicago wheat is down 7 3/4 cents and September Minneapolis wheat is down 4 cents. The Dow Jones Industrial Average is up 149.86 points. The U.S. Dollar Index is up 0.270 and August crude oil is up $0.65 per barrel. August gold is down $17.40 per ounce. At mid-morning, soybean oil is on fire and has surged to a new contract high and looks to finish higher for the sixth consecutive day, dragging soybeans higher as well. Wheat losses are expanding and corn remains lower, pressured by the Trump administration suggesting to Coca Cola to substitute cane sugar for high fructose corn syrup. Ahead of the hotter and drier forecast near the end of July, many areas of the Corn Belt will see additional heavy rain.

Posted 08:31 -- December corn is down 1 cent per bushel, November soybeans are down 1/2 cent, September KC wheat is down 2 1/2 cents, September Chicago wheat is down 4 1/2 cents and September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 48.56 points. The U.S. Dollar Index is up 0.320 and August crude oil is up $0.28 per barrel. August gold is down $37.60 per ounce. Corn and soybeans are little changed while wheat is under modest pressure. Bean oil futures are higher for the fifth consecutive day on bullish fundamentals.

Livestock

Posted 11:45 -- August live cattle are down $0.43 at $223.475, August feeder cattle are down $0.28 at $325.3, August lean hogs are up $0.58 at $105.00, September corn is down 3 cents per bushel and August soybean meal is down $1.40. The Dow Jones Industrial Average is up 132.66 points and NASDAQ is up 158.67 points. Thursday's export report shared that beef net sales of 8,800 mt for 2025 were down 24% from the previous week and 28% from the prior 4-week average. The three largest buyers were Japan (2,500 mt), Mexico (1,900 mt) and Hong Kong (1,400 mt). Pork net sales of 17,100 mt for 2025 were down 30% from the previous week and 48% from the prior 4-week average. The three largest buyers were Mexico (7,700 mt), Japan (2,500 mt) and Colombia (1,500 mt).

Posted 08:34 -- August live cattle are up $0.08 at $223.975, August feeder cattle are up $0.35 at $325.925, August lean hogs are up $0.58 at $105., September corn is up 1/4 cent per bushel and August soybean meal is steady. The Dow Jones Industrial Average is down 39.14 points and NASDAQ is up 37.82 points. The cattle complex is trading mixed as traders are patiently waiting to see what's going to develop in this week's fed cash cattle market. No bids are currently on the table but packer interest is expected to improve soon. Asking prices are firm in the South at $232 plus but are still not established in the North.

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