DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:25 -- July corn is up 1/4 cent per bushel, July soybeans are up 9 cents, July KC wheat is up 3 3/4 cents, July Chicago wheat is up 2 cents and MIAX July Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is down 4.47 points. The U.S. Dollar Index is down 0.120 and June crude oil is up $1.05 per barrel. June gold is up $5.10 per ounce. At midmorning, corn and soy products are little changed and slightly better while soybeans are much stronger and wheat is higher with little news to drive markets.

Posted 08:31 -- July corn is down 1/2 cent per bushel, July soybeans are up 4 3/4 cents, July KC wheat is up 3 1/4 cents, July Chicago wheat is up 1 cent and MIAX July Minneapolis wheat is up 5 cents. The Dow Jones Industrial Average is up 157.99 points. The U.S. Dollar Index is down 0.180 and June crude oil is down $0.60 per barrel. June gold is up $34.50 per ounce. Corn and wheat markets are mixed, while soybeans and bean oil are modestly higher in quiet early Friday trade. Traders are awaiting a response from Iran on the peace proposal with uncertainty and volatility likely to continue.

Livestock

Posted 11:41 -- June live cattle are down $0.20 at $249.85, August feeder cattle are down $2.73 at $363.45, June lean hogs are down $0.65 at $98.725, July corn is up 5 cents per bushel and July soybean meal is up $1.70. The Dow Jones Industrial Average is up 15.94 points and the NASDAQ is up 367.21 points. A single bid is currently on the table in Nebraska at $405, but no new sales have developed following Thursday's trade. At this point its looking like the bulk of this week's business is done with.

Posted 08:33 -- June live cattle are up $2.38 at $252.425, August feeder cattle are up $3.25 at $369.425, June lean hogs are down $0.13 at $99.25, July corn is down 1/2 cent per bushel and July soybean meal is up $1.80. The Dow Jones Industrial Average is up 175.74 points and the NASDAQ is up 178.80 points. Following Thursday's lower close in the cattle complex, the cattle contracts are thankfully trading higher at Friday's start as traders are now seeming to acknowledge the rally in this week's cash market. That being said, it's likely that the bulk of this week trade is done with in the cash market, although a few clean up sales may develop throughout the day.

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