DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:50 -- December corn is down 3 1/4 cents per bushel, November soybeans are up 6 cents, September KC wheat is down 1 1/4 cents, September Chicago wheat is up 1/2 cent and MIAX September Minneapolis wheat is steady. The Dow Jones Industrial Average is up 494.24 points. The U.S. Dollar Index is down 0.390 and September crude oil is down $1.10 per barrel. December gold is up $27.30 per ounce. Going into the Monday close, soybeans and soybean meal are stronger in a correction while bean oil and corn are weaker with December corn having just made a new contract low. Wheat is a mixed to mostly weaker. Weakness in crude oil is pressuring corn and bean oil.

Posted 10:28 -- December corn is down 1/4 cent per bushel, November soybeans are up 5 1/4 cents, September KC wheat is up 3/4 cent, September Chicago wheat is up 1/2 cent and MIAX September Minneapolis wheat is down 0.0100 cents. The Dow Jones Industrial Average is up 472.10 points. The U.S. Dollar Index is down 0.330 and September crude oil is down $0.53 per barrel. December gold is up $27.00 per ounce. At midmorning, corn is little changed, wheat mixed while soybeans and soymeal are higher in quiet trade. News that the Trump administration may increase tariffs on India as they are importing Russian oil and reselling has just been released.

Posted 08:33 -- December corn is up 1/4 cent per bushel, November soybeans are up 2 1/4 cents, September KC wheat is up 2 3/4 cents, September Chicago wheat is up 4 3/4 cents and MIAX September Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is up 307.16 points. The U.S. Dollar Index is down 0.510 and September crude oil is down $1.65 per barrel. December gold is up $31.90 per ounce. A mixed Monday start to grain and soy markets with wheat, corn and soybeans modestly higher while soybean oil extends its 4-day losing streak. On a quiet weather day some showers are moving across South Dakota, Minnesota and Nebraska and weather is mostly without a threat to mid-August.

Posted 19:15 Sunday -- September corn is up 3/4 cent and September soybeans are unchanged. December corn is up 1/2 cent and November soybeans are up 1/4 cent. September KC wheat is down 2 1/4 cents, September Chicago wheat is down 3/4 cents, and September MIAX Minneapolis wheat is down 1 1/2 cents. September crude oil is down $0.47 and Dow Jones futures are up 47 points. The U.S. Dollar Index is down 0.44 and December gold is up $12.30. Markets are quiet to begin the new week following a fairly bearish week last week, especially for the soybean market. All eyes will be on the August forecast for pod filling as it pertains to the soybean market. Otherwise, it will be an interesting week for corn technicals as the market is directly above long-term support and traders will have to decide whether to send prices back towards the lows seen in late summer of 2024, or play it cautious given the recent history of August and September weather trimming the top end off U.S. yields.

Livestock

Posted 11:40 -- October live cattle are down $0.75 at $222.925, September feeder cattle are down $1.90 at $332.025, October lean hogs are up $0.63 at $90.675, September corn is down 1 1/4 cents per bushel and August soybean meal is up $3.00. The Dow Jones Industrial Average is up 477.69 points and NASDAQ is up 369.84 points. New showlists appear to be mixed, higher in Kansas, and Nebraska/Colorado, but somewhat lower in Texas. The cattle complex is trading mixed into Monday's noon hour as traders aren't certain that the market's fundamentals are going to show enough support to justifiably push the contracts any higher.

Posted 08:34 -- October live cattle are up $0.73 at $224.4, September feeder cattle are up $1.28 at $335.2, October lean hogs are up $0.53 at $90.575, September corn is up 1 cent per bushel and August soybean meal is up $1.20. The Dow Jones Industrial Average is up 262.94 points and NASDAQ is up 205.02 points. The cattle complex is again off to a stronger start as traders continue to find support in the market's strong cash cattle trade. It will be imperative to see exactly how many cattle traded last week as that will indicate how aggressive packers will be this week.

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