DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:51 -- July corn is down 3 1/2 cents per bushel, July soybeans are steady, July KC wheat is down 13 cents, July Chicago wheat is down 17 3/4 cents and MIAX July Minneapolis wheat is down 14 1/4 cents. The Dow Jones Industrial Average is up 729.26 points. The U.S. Dollar Index is down 0.810 and June crude oil is down $3.27 per barrel. June gold is up $67.20 per ounce. Heading into the Thursday close soybeans are mixed to higher and bean oil still sharply higher. Corn and especially wheat remain under selling pressure along with soymeal. Funds have been good sellers of corn, wheat and meal. Bean oil is rising but on low volume despite the falling crude oil market.

Posted 10:29 -- July corn is down 5 1/2 cents per bushel, July soybeans are down 1 cent, July KC wheat is down 14 3/4 cents, July Chicago wheat is down 17 cents and MIAX July Minneapolis wheat is down 0.1100 cents. The Dow Jones Industrial Average is up 631.10 points. The U.S. Dollar Index is down 0.780 and June crude oil is down $2.75 per barrel. June gold is up $73.70 per ounce. At midmorning, soybean oil has reversed early weakness to trade higher and soybeans are inching toward unchanged. Corn and wheat remain under heavy selling pressure as those markets had reached overbought conditions. No new developments have been put forth on the Iran conflict situation.

Posted 08:33 -- July corn is down 3 3/4 cents per bushel, July soybeans are down 1 1/4 cents, July KC wheat is down 8 3/4 cents, July Chicago wheat is down 9 1/4 cents and MIAX July Minneapolis wheat is down 5 1/4 cents. The Dow Jones Industrial Average is up 255.22 points. The U.S. Dollar Index is down 0.470 and June crude oil is down $1.78 per barrel. June gold is up $82.30 per ounce. Grain and soybean markets are down, led by wheat after large deliveries were tendered by commercial firms against the May contract on first delivery day. That has interrupted the recent rally in wheat fueled by falling conditions.

Livestock

Posted 11:44 -- June live cattle are down $0.60 at $254.65, August feeder cattle are up $1.53 at $374.05, June lean hogs are down $1.13 at $102.625, July corn is down 3 1/2 cents per bushel and July soybean meal is down $4.00. The Dow Jones Industrial Average is up 718.83 points and the NASDAQ is up 53.68 points. Beef net sales of 13,800 mt for 2026 were down 10% from the previous week and 3% from the prior 4-week average. The three largest buyers were South Korea (6,200 mt), Japan (3,100 mt) and Hong Kong (1,300 mt). Pork net sales of 46,300 mt for 2026 were up noticeably from the previous week and up 34% from the prior 4-week average. The three largest buyers were Mexico (26,100 mt), China (8,800 mt) and Japan (3,600 mt).

Posted 08:41 -- June live cattle are down $0.45 at $254.8, August feeder cattle are up $0.43 at $372.95, June lean hogs are down $0.03 at $103.725, July corn is down 3 1/2 cents per bushel and July soybean meal is down $4.50. The Dow Jones Industrial Average is up 329.31 points and the NASDAQ is up 48.63 points. No new bids are on the table in the cash cattle market, and it could be that the bulk of this week's business is done with. Southern live cattle have traded at mostly $255 to $256 which is $9.00 to $10.00 higher than last week's weighted average and Northern dressed cattle have traded at mostly $400 which is $14.00 higher.

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