DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is down 4 1/2 cents per bushel, November soybeans are down 1 1/2 cents, September KC wheat is down 11 3/4 cents, September Chicago wheat is down 8 3/4 cents and MIAX September Minneapolis wheat is down 0.0200 cents. The Dow Jones Industrial Average is up 64.05 points. The U.S. Dollar Index is down 0.080 and September crude oil is down $0.91 per barrel. December gold is up $10.30 per ounce. As we approach the Tuesday close, both corn and wheat are extending losses and printing new contract lows again. The soy complex could not hold early gains with both beans and bean oil now lower and soymeal knocking on the door. Rising yield expectations and a dearth of export business on soybeans are weighing on values.

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Posted 10:33 -- December corn is down 4 1/4 cents per bushel, November soybeans are up 1/4 cent, September KC wheat is down 9 3/4 cents, September Chicago wheat is down 7 3/4 cents and MIAX September Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is down 116.51 points. The U.S. Dollar Index is down 0.040 and September crude oil is down $0.77 per barrel. December gold is up $12.30 per ounce. The bearish barrage continues to plague grains with December corn, Chicago and KC wheat all falling to new contract lows again. Soybeans are close to going negative after both soymeal and oil have faded from early strength. Rising crop estimates and sagging soy demand are weighing on row-crop futures.

Posted 08:32 -- December corn is down 1 1/4 cents per bushel, November soybeans are up 4 1/2 cents, September KC wheat is down 3 3/4 cents, September Chicago wheat is down 2 1/4 cents and MIAX September Minneapolis wheat is up 0.0025 cents. The Dow Jones Industrial Average is up 49.50 points. The U.S. Dollar Index is up 0.130 and September crude oil is down $0.77 per barrel. December gold is up $1.60 per ounce. Corn and wheat are mostly lower with December corn, Chicago and KC wheat all falling to new lows. Soybeans are mixed to mostly better with products higher as well. Yield and crop estimates continue to rise, with Stone X the latest group to raise expectations with a record-by-far corn yield of over 188 bushels per acre.

Livestock

Posted 11:33 -- October live cattle are up $3.80 at $227.9, September feeder cattle are up $6.08 at $340.525, October lean hogs are up $1.93 at $92.825, September corn is down 5 1/4 cents per bushel and August soybean meal is up $0.40. The Dow Jones Industrial Average is down 35.41 points and NASDAQ is down 83.22 points. The livestock contracts are fully higher going into Tuesday's noon hour as traders are focused on the market's strong fundamentals. Asking prices are noted in the South at $238 to $240.

Posted 08:43 -- October live cattle are up $1.13 at $225.225, September feeder cattle are up $1.33 at $335.775, October lean hogs are up $0.48 at $91.375, September corn is down 1 cent per bushel and August soybean meal is up $3.30. The Dow Jones Industrial Average is up 133.52 points and NASDAQ is up 54.48 points. The livestock complex is again off to a stronger start as traders hope that fundamental support will remain supportive again this week. No developments have surfaced yet in the cash cattle market, but with packers able to get a sizeable volume of cattle committed last week to the nearby delivery, there's a chance that prices could just trade steady.

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