DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:53 -- December corn is down 6 1/4 cents per bushel, November soybeans are down 12 1/4 cents, September KC wheat is down 3 1/2 cents, September Chicago wheat is down 3 1/2 cents and MIAX September Minneapolis wheat is down 7 3/4 cents. The Dow Jones Industrial Average is up 211.60 points. The U.S. Dollar Index is down 0.630 and September crude oil is down $0.14 per barrel. August gold is up $49.50 per ounce. Corn, wheat and soy markets are lower with the only exception bean oil which has rallied back to just above unchanged. Favorable weather and concern over the Aug. 1 deadline for tariffs has sellers out in force. It would appear both U.S. corn and soy crops have a solid chance for record yields at the same time that demand is a big unknown.

Posted 10:31 -- December corn is down 7 1/2 cents per bushel, November soybeans are down 14 3/4 cents, September KC wheat is down 3 3/4 cents, September Chicago wheat is down 3 1/2 cents and September Minneapolis wheat is down 3 3/4 cents. The Dow Jones Industrial Average is up 227.97 points. The U.S. Dollar Index is down 0.750 and September crude oil is down $0.23 per barrel. August gold is up $56.70 per ounce. At midmorning, grain and soy losses have mounted with soybeans and corn leading the way down. Favorable weather with an active pattern ahead and weekend rain falling in key growing regions have traders expecting another bump in crop conditions.

Posted 08:32 -- December corn is down 4 1/2 cents per bushel, November soybeans are down 9 1/4 cents, September KC wheat is down 1/2 cent, September Chicago wheat is down 3/4 cent and MIAX September Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is up 75.14 points. The U.S. Dollar Index is down 0.380 and September crude oil is down $0.33 per barrel. August gold is up $35.60 per ounce. Corn and soybeans are leaking lower on a generally favorable weather forecast. Weekend showers fell in Nebraska through Iowa, Illinois and northern Indiana and the forecast is called active for this week. Beyond that, it turns much hotter for the next week to 10 days, perhaps a concern for the Western Corn Belt. Wheat is just mixed while bean oil futures are lower on palm and crude oil weakness.

Posted 19:11 Sunday -- September corn is down 1 cents and August soybeans are down 5 cents. December corn is down 1 cent and November soybeans are down 5 cents. September KC wheat is down 1 3/4 cents, September Chicago wheat is down 1 1/4 cents, and September MIAX Minneapolis wheat is down 2 cents. September crude oil is up $0.05 and Dow Jones futures are up 60 points. The U.S. Dollar Index is down 0.10 and August gold is down $3.10. Grain markets are softer to open the new week after prices last week saw a bounce on some weather concerns in the Eastern Corn Belt but primarily driven by short covering, as futures had become oversold and are at near- to long-term support points. Traders will likely enter Monday expecting another strong round of crop condition scores from USDA in the afternoon's Crop Progress report, especially with some "problem" areas receiving rainfall over the weekend and the two-week outlook still predominantly wet for the majority of the U.S. grain belt.

Livestock

Posted 11:31 -- August live cattle are up $1.78 at $225.325, August feeder cattle are up $3.15 at $327.15, August lean hogs are up $0.68 at $107.15, September corn is down 7 3/4 cents per bushel and August soybean meal is down $4.20. The Dow Jones Industrial Average is up 222.62 points and NASDAQ is up 106.27 points. The cattle contracts are trading higher into Monday's noon hour as traders are hopeful that the week's support will increase from a fundamental standpoint and justify a strong take on the futures market. New showlists appear to be lower in all major feeding areas.

Posted 08:38 -- August live cattle are up $0.13 at $223.675, August feeder cattle are up $0.70 at $324.7, August lean hogs are down $0.13 at $106.35, September corn is down 3 3/4 cents per bushel and August soybean meal is up $0.10. The Dow Jones Industrial Average is up 96.66 points and NASDAQ is up 71.07 points. Following Friday's slightly weaker close, the cattle complex is off to a slightly stronger start for the new week. It will be especially interesting to see how many cattle packers got bought in last week's fed cash cattle market as the week's trade was lethargic. In order to maintain leverage, packers need to stay somewhat aggressive in procuring cattle so they're not short bought.

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