DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:49 -- December corn is down 5 1/2 cents per bushel, November soybeans are down 9 1/2 cents, September KC wheat is down 1/4 cent, September Chicago wheat is up 1/4 cent and MIAX September Minneapolis wheat is down 0.0300 cents. The Dow Jones Industrial Average is down 95.80 points. The U.S. Dollar Index is up 1.000 and September crude oil is up $1.37 per barrel. August gold is down $26.00 per ounce. As we head for the Monday close, both corn and soybeans remain under heavy pressure while Chicago and KC wheat have made their way back to unchanged while Minneapolis has fallen to a new low again. Funds have been sellers of corn, beans and soymeal. The forecast has added some rain to the northwest Corn Belt and most other areas will see daily storm chances. News from the U.S.-China meeting in Sweden will be on everyone's watch list.
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Posted 10:29 -- December corn is down 5 1/4 cents per bushel, November soybeans are down 7 3/4 cents, September KC wheat is steady, September Chicago wheat is down 1 1/2 cents and MIAX September Minneapolis wheat is down 0.0250 cents. The Dow Jones Industrial Average is down 11.78 points. The U.S. Dollar Index is up 0.760 and September crude oil is up $1.16 per barrel. August gold is down $23.40 per ounce. At midmorning, all of the grain and soy markets are lower with soybeans and corn leading the way. Minneapolis wheat has again fallen to a new low and August soymeal is just above the contract low. Rising crop expectations as weather remains highly beneficial are leading to selling.
Posted 08:36 -- December corn is down 1/2 cent per bushel, November soybeans are down 5 cents, September KC wheat is down 1 cent, September Chicago wheat is down 3 1/4 cents and MIAX September Minneapolis wheat is down 0.0175 cents. The Dow Jones Industrial Average is down 28.31 points. The U.S. Dollar Index is up 0.650 and September crude oil is up $1.57 per barrel. August gold is down $11.80 per ounce. USDA: private exporters reported new sales of 225,000 mt (8.8 mb) of corn to Mexico for 2025-26, and 229,000 mt (9 mb) of corn to unknown destinations. Of the total, 35,000 mt (1.4 mb) is for 2024-25 and 194,000 mt (7.6 mb) for 2025-26. Grain and soy markets are mostly lower on favorable weather and expectations for rising yield potential.
Posted 19:17 Sunday -- September corn is down 1 cents and August soybeans are down 4 3/4 cents. December corn is down 1 1/2 cents and November soybeans are down 5 cents. September KC wheat is down 1 1/4 cents, September Chicago wheat is down 1 1/2 cents, and September MIAX Minneapolis wheat is down 3/4 cents. September crude oil is up $0.14 and Dow Jones futures are up 138 points. The U.S. Dollar Index is down 0.12 and August gold is down $.90. Row-crop markets are picking up right where they left off Friday with a weaker tone to the trade. Weather is king right now and the 15-day forecast now takes up through a third of August with very little issues to speak of through the growing season thus far. August is widely accepted as the pivotal month for soybean yield establishment. The market will also watch for trade news with the Aug. 1 tariff deadline fast approaching, although traders have more or less shrugged off deals that have already been announced.
LivestockPosted 11:38 -- October live cattle are up $0.70 at $223.85, August feeder cattle are up $0.93 at $332.3, October lean hogs are steady, September corn is down 5 3/4 cents per bushel and August soybean meal is down $2.50. The Dow Jones Industrial Average is up 3.98 points and NASDAQ is up 59.31 points. The livestock complex is continuing to trade higher as traders are pleased with the ample fundamental support that developed late last week -- especially in the cattle complex. And the feeder cattle complex has already reached new contract highs this week with its higher trade. New showlists appear to be mixed, higher in Texas, somewhat higher in Kansas, but lower in Nebraska/Colorado.
Posted 08:36 -- October live cattle are up $1.90 at $225.05, August feeder cattle are up $3.38 at $334.75, October lean hogs are down $0.63 at $89.975, September corn is down 1 1/4 cents per bushel and August soybean meal is down $1.30. The Dow Jones Industrial Average is down 23.13 points and NASDAQ is up 68.09 points. The cattle complex is off to a sharply stronger start as traders find the news of last Friday's Cattle on Feed report and mid-year Cattle Inventory Report extremely positive. Not to mention, it was also supportive that fed cash cattle prices traded higher too.
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