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Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 08:32 -- July corn is up 2 1/2 cents per bushel, July soybeans are up 9 1/2 cents, July KC wheat is up 6 1/4 cents, July Chicago wheat is up 8 1/2 cents and MIAX July Minneapolis wheat is up 5 3/4 cents. The Dow Jones Industrial Average is down 74.08 points. The U.S. Dollar Index is up 0.020 and June crude oil is up $1.46 per barrel. June gold is up $13.40 per ounce. USDA: Private exporters reported the following: 380,000 mt (14.9 mb) of corn to Mexico with 220,000 mt (8.7 mb) for 2025-26, and 160,000 mt (6.3 mb) is for 2026-27, and 128,000 mt (5 mb) of corn to South Korea for 2025-26. Grain and soy markets are all higher ahead of the May WASDE on Tuesday and in response to the rejection of the U.S. peace proposal by Iran. Soybeans are higher ahead of the Thursday start to the U.S.-China summit in Beijing.
Posted 19:05 Sunday -- July corn is up 2 1/4 cents per bushel, July soybeans are up 5 1/2 cents, July KC wheat is up 5 3/4 cents, July Chicago wheat is up 3 1/2 cents and MIAX July Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is up 12.19 points. The U.S. Dollar Index is up 0.110 and June crude oil is up $3.37 per barrel. June gold is down $38.80 per ounce. Grain and soy markets are mixed to mostly higher, with wheat and bean oil strongest after Iran reportedly rejected the U.S. proposal for peace. Soybeans and corn are modestly higher as the U.S.-China trade meeting is still scheduled for later this week. In other news, the May WASDE and crop production report will be released on Tuesday, and the Wheat Quality Council Tour begins this week, with estimates to be released Thursday. Funds continue to add to their net long position, buying another almost 80,000 contracts of corn and 36,000 contracts of beans.
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