DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:40 -- July corn is up 2 1/2 cents per bushel, July soybeans are up 6 1/2 cents, July KC wheat is up 8 1/4 cents, July Chicago wheat is up 1 1/4 cents and MIAX July Minneapolis wheat is up 6 cents. The Dow Jones Industrial Average is down 321.87 points. The U.S. Dollar Index is up 0.260 and June crude oil is up $7.12 per barrel. June gold is down $49.80 per ounce. Heading for the Wednesday close, Chicago wheat briefly touched unchanged and 13 cents below the high while KC and Minneapolis are still up over a nickel each. Bean oil futures are extending the rally and following crude oil which is now up $7 and over $107 per barrel.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]

Posted 12:43 -- July corn is up 5 3/4 cents per bushel, July soybeans are down 2 cents, July KC wheat is up 26 1/4 cents, July Chicago wheat is up 28 1/4 cents and MIAX July Minneapolis wheat is up 16 3/4 cents. The Dow Jones Industrial Average is up 33.29 points. The U.S. Dollar Index is up 0.130 and June crude oil is up $3.70 per barrel. June gold is down $80.50 per ounce. Heading into the Tuesday close, wheat markets are soaring, led by Chicago and KC futures on very high-volume trade. Funds have been big buyers of wheat and corn, while selling soybeans and soymeal. U.S. wheat is now extremely overpriced to the competition, leading to ideas that U.S. southeastern millers might import more wheat from the EU.

Posted 10:32 -- July corn is up 4 1/4 cents per bushel, July soybeans are down 6 1/2 cents, July KC wheat is up 18 3/4 cents, July Chicago wheat is up 17 1/4 cents and MIAX July Minneapolis wheat is up 9 1/2 cents. The Dow Jones Industrial Average is up 56.68 points. The U.S. Dollar Index is up 0.160 and June crude oil is up $3.50 per barrel. June gold is down $107.50 per ounce. At midmorning, soybeans and soymeal are lower, while corn is a few cents higher and wheat is still sharply higher led by Kansas City again on falling conditions. Bean oil has reversed early selling to trade moderately higher.

Posted 08:31 -- July corn is up 3 3/4 cents per bushel, July soybeans are down 3 cents, July KC wheat is up 19 1/4 cents, July Chicago wheat is up 13 1/2 cents and MIAX July Minneapolis wheat is up 9 3/4 cents. The Dow Jones Industrial Average is up 165.99 points. The U.S. Dollar Index is up 0.250 and June crude oil is up $3.18 per barrel. June gold is down $107.80 per ounce. Soybeans and bean oil are slightly weaker in slow trade while corn, wheat and meal are higher. KC and Minneapolis wheat are leading the way up on the perception of lost high-protein hard wheat supplies following the months-long drought.

Livestock

Posted 11:52 -- June live cattle are up $4.00 at $252.95, August feeder cattle are up $3.95 at $372.225, June lean hogs are up $0.15 at $102.325, July corn is up 5 cents per bushel and July soybean meal is down $1.60. The Dow Jones Industrial Average is up 27.02 points and the NASDAQ is down 334.37 points. Although it's only Tuesday, some bids have surfaced in Nebraska and Texas, but still no cattle have traded. There is some speculation prices could be stronger this week in the fed cash cattle market, but no trade has developed yet and asking prices remain elusive at this point.

Posted 08:37 -- June live cattle are up $0.13 at $249.075, August feeder cattle are down $0.23 at $368.05, June lean hogs are down $0.83 at $101.35, July corn is up 3 1/4 cents per bushel and July soybean meal is up $1.00. The Dow Jones Industrial Average is up 162.38 points and NASDAQ is down 268.30 points. Following Monday's aggressive upward surge, the livestock complex is now trading mixed into Tuesday's beginning hours. The live cattle complex remains hopeful that fundamental support will surface later this week, while both the lean hog and feeder cattle contracts are trading mixed.

P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]