DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 4 cents per bushel, November soybeans are down 13 1/2 cents, September KC wheat is down 4 cents, September Chicago wheat is down 7 cents and MIAX September Minneapolis wheat is down 3/4 cent. The Dow Jones Industrial Average is up 431.50 points. The U.S. Dollar Index is down 0.430 and September crude oil is down $0.40 per barrel. December gold is down $5.90 per ounce. Traders are positioning themselves ahead of the WASDE report due out this morning with expectations that USDA will show a record 53 bpa for soybeans and 184.3 bpa for corn, according to Dow Jones survey. Monday's crop progress report showed a 1 percentage point drop in both corn and soybean good to excellent ratings, with the corn rating higher than last year at this time and soybeans even with last year.

Posted 08:33 -- December corn is down 3 3/4 cents per bushel, November soybeans are down 12 1/2 cents, September KC wheat is down 7 1/4 cents, September Chicago wheat is down 7 1/4 cents and MIAX September Minneapolis wheat is down 0.0275 cents. The Dow Jones Industrial Average is up 231.34 points. The U.S. Dollar Index is down 0.080 and September crude oil is down $0.43 per barrel. December gold is down $8.40 per ounce. USDA: private exporters reported sales of 315,488 mt of corn to Mexico. Of the total, 20,830 mt (820,000 bushels) is for 2024/2025, and 294,658 mt (11.6 mb) is for 2025/2026. Grain and soy markets are under pressure early Tuesday ahead of the August crop report. Expectations are for record yields in both corn and soybeans.

Livestock

Posted 08:33 -- October live cattle are up $0.85 at $226.95, September feeder cattle are up $0.88 at $341.475, October lean hogs are up $0.05 at $91.825, September corn is down 3 1/2 cents per bushel and August soybean meal is down $0.00. The Dow Jones Industrial Average is up 210.22 points and NASDAQ is up 122.98 points. The livestock complex is off to a stronger start following the positive close which Monday's market successfully accomplished. No bids of asking prices have been established yet and no cash cattle trade is expected to develop until later in the week.

(c) Copyright 2025 DTN, LLC. All rights reserved.