DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:51 -- December corn is down 3 cents per bushel, November soybeans are down 7 1/4 cents, December KC wheat is down 6 cents, September Chicago wheat is down 4 1/4 cents and MIAX December Minneapolis wheat is up 0.0200 cents. The Dow Jones Industrial Average is down 3.11 points. The U.S. Dollar Index is up 0.040 and October crude oil is down $0.94 per barrel. December gold is down $15.50 per ounce. As we head to the Tuesday close, grain and soy markets with the exception of soymeal and MIAX Minneapolis wheat are still lower, led by beans and bean oil. All the wheat markets fell to a new low Tuesday with Chicago and KC Sep both falling under $5.00. Word from the ongoing crop tour is that soybeans are looking surprisingly good.

Posted 10:29 -- December corn is down 2 1/2 cents per bushel, November soybeans are down 9 3/4 cents, December KC wheat is down 3 3/4 cents, September Chicago wheat is down 1 3/4 cents and MIAX December Minneapolis wheat is down 0.0075 cents. The Dow Jones Industrial Average is up 91.86 points. The U.S. Dollar Index is down 0.030 and October crude oil is down $0.56 per barrel. December gold is down $9.60 per ounce. At midmorning, quotes are flashing red, with soybeans and soybean oil leading the losses. Both Chicago and KC wheat fell to new lows below $5.00 before stabilizing. Corn and soybean conditions remain the best in nine years and five years, respectively, with more calls for record ear and pod counts.

Posted 08:33 -- December corn is down 4 1/2 cents per bushel, November soybeans are down 6 1/4 cents, December KC wheat is down 6 cents, September Chicago wheat is down 3 3/4 cents and MIAX December Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 63.19 points. The U.S. Dollar Index is down 0.050 and October crude oil is down $0.73 per barrel. December gold is up $2.70 per ounce. USDA: private exporters reported sales of 228,606 mt (8.4 mb) of soybeans to Mexico for 2025/2026. Corn, soybeans and wheat are heading lower with all three wheat markets setting new contract lows. Soybean meal is the only one trading higher. Glowing reports of row crops from recent and ongoing crop tours are weighing on corn and soy.

Livestock

Posted 11:38 -- October live cattle are up $0.88 at $232.05, September feeder cattle are up $3.00 at $353.925, October lean hogs are steady, December corn is down 3 3/4 cents per bushel and December soybean meal is up $0.30. The Dow Jones Industrial Average is up 8.70 points and NASDAQ is down 252.14 points. The cash cattle market is still quiet with no trade developed yet. Asking prices are noted at $240-plus in the South but are still not established in the North. Meanwhile the futures complex is trading higher thanks to continued strong beef demand.

Posted 08:37 -- October live cattle are up $0.03 at $231.2, September feeder cattle are down $0.23 at $350.7, October lean hogs are up $0.03 at $90.15, December corn is down 4 3/4 cents per bushel and December soybean meal is up $3.00. The Dow Jones Industrial Average is up 81.19 points and NASDAQ is down 48.88 points. Asking prices are noted in Texas at $240 but are still not established in the North. But no trade is expected to develop until later in the week.

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