DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is down 2 cents per bushel, November soybeans are down 3 1/2 cents, September KC wheat is down 2 1/2 cents, September Chicago wheat is down 4 cents and MIAX September Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is up 181.67 points. The U.S. Dollar Index is up 0.340 and September crude oil is down $0.91 per barrel. August gold is down $37.80 per ounce. Heading into the Friday close, grain and soy markets continue to be weaker, with near ideal weather, rising yield estimates and increasing competition are fueling the break . There are rumblings that a U.S.-EU trade deal may be getting closer, but the trade is more focused on next week's meeting with China. The S&P Index is making new highs.

Posted 10:34 -- December corn is down 2 1/4 cents per bushel, November soybeans are down 5 1/4 cents, September KC wheat is down 5 3/4 cents, September Chicago wheat is down 6 1/2 cents and MIAX September Minneapolis wheat is down 0.0100 cents. The Dow Jones Industrial Average is up 75.36 points. The U.S. Dollar Index is up 0.340 and September crude oil is down $0.57 per barrel. August gold is down $41.80 per ounce. All of the grain and soy markets are extending losses at midmorning. Weather remains conducive to high yields on corn and soy with a more moderate and mostly wet forecast ahead into August.

Posted 08:39 -- December corn is down 3/4 cent per bushel, November soybeans are down 4 1/2 cents, September KC wheat is down 3 3/4 cents, September Chicago wheat is down 4 3/4 cents and MIAX September Minneapolis wheat is up 0.0050 cents. The Dow Jones Industrial Average is up 96.39 points. The U.S. Dollar Index is up 0.430 and September crude oil is down $0.06 per barrel. August gold is down $27.10 per ounce. USDA: private exporters reported the following sales activity: 102,870 mt (4 mb) of corn to Mexico for 2025-26; 140,000 mt (5.5 mb) of corn for South Korea for 2025-26; and 142,500 mt (5.2 mb) of soybeans for Mexico for 2025-26. Corn, wheat, soybeans and products are all under pressure early Friday as weather continues to be cooperative and crop yield estimates are rising.

Livestock

Posted 11:42 -- October live cattle are up $0.70 at $222.85, August feeder cattle are up $1.33 at $330.225, October lean hogs are down $1.13 at $89.975, September corn is down 2 3/4 cents per bushel and August soybean meal is down $1.50. The Dow Jones Industrial Average is up 99.69 points and NASDAQ is up 91.83 points. It's going to be a wild afternoon for the cattle complex as the market is still waiting on the fed cash cattle market to trade and later this afternoon the monthly Cattle on Feed Report will be shared along with the bi-annual Cattle Inventory Report. Bids are currently on the table in both regions but no new sales have been reported today.

Posted 08:35 -- October live cattle are up $0.18 at $222.325, August feeder cattle are up $0.45 at $329.35, October lean hogs are down $0.73 at $90.375, September corn is down 2 cents per bushel and August soybean meal is down $0.90. The Dow Jones Industrial Average is up 58.56 points and NASDAQ is up 11.75 points. No bids are currently posted for the fed cash cattle market, but packer interest should improve throughout the day. It will be a busy day for the cattle complex as more cash cattle trade needs to develop, and then this afternoon the monthly Cattle on Feed report will be released along with the Bi-Annual Cattle Inventory report.

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