DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:39 -- July corn is down 13 1/4 cents per bushel, July soybeans are down 40 cents, July KC wheat is down 21 1/2 cents, July Chicago wheat is down 18 3/4 cents and MIAX July Minneapolis wheat is down 17 1/4 cents. The Dow Jones Industrial Average is up 366.35 points. The U.S. Dollar Index is up 0.260 and June crude oil is up $0.59 per barrel. June gold is down $21.50 per ounce. Heading into the Thursday close there seems to be no let-up in the selling. Corn, wheat, soybeans and soy products remain down hard on the lack of a concrete China deal and perfect planting weather. Rumors of more Polish wheat being sold into East Coast flour mills has indicated KC wheat may have gone too high. This is the final day of the U.S.-China summit and traders need to see some bullish news.

Posted 10:31 -- July corn is down 14 1/4 cents per bushel, July soybeans are down 44 1/4 cents, July KC wheat is down 24 1/4 cents, July Chicago wheat is down 23 3/4 cents and MIAX July Minneapolis wheat is down 19 3/4 cents. The Dow Jones Industrial Average is up 386.55 points. The U.S. Dollar Index is up 0.230 and June crude oil is down $0.34 per barrel. June gold is down $14.10 per ounce. Grain and soy markets are in total meltdown mode at midmorning with fund liquidation in corn and the soy complex likely and profit-taking in wheat. There is not a lot of news, but the failure to see a purchase agreement from China is the likely factor leading to the weakness. Funds were estimated to be net long a combined 850,000 contracts of corn and the soy complex to begin the day.

Posted 08:34 -- July corn is down 11 cents per bushel, July soybeans are down 34 1/2 cents, July KC wheat is down 15 1/4 cents, July Chicago wheat is down 11 1/2 cents and MIAX July Minneapolis wheat is down 9 1/2 cents. The Dow Jones Industrial Average is up 310.11 points. The U.S. Dollar Index is up 0.110 and June crude oil is down $0.48 per barrel. June gold is down $15.80 per ounce. USDA: Private exporters reported sales of 252,000 mt (9.3 mb) of soybeans to unknown destinations. Of the total, 120,000 mt (4.4 mb) is for 2025-26, and 132,000 mt (4.9 mb) is for 2026-27. Grain and soy markets are falling under heavy selling pressure as no solid grain and soy deal has been announced with China. However, the Trump-Xi summit resumes later Thursday and hopefully a concrete deal can be the result.

Livestock

Posted 11:45 -- June live cattle are up $0.78 at $253.575, August feeder cattle are up $1.68 at $362.6, June lean hogs are down $1.30 at $99.575, July corn is down 15 cents per bushel and July soybean meal is down $6.90. The Dow Jones Industrial Average is up 376.04 points and the NASDAQ is up 254.36 points. The cattle contracts are rallying modestly into Thursday's noon hour as the market is pleased to see even higher trade in the cash market this morning. Within the last hours there's been some light trade noted in the North at $415 which is $12.00 higher than last week's weighted average.

Posted 08:35 -- June live cattle are up $1.68 at $254.475, August feeder cattle are up $2.25 at $363.175, June lean hogs are down $0.60 at $100.275, July corn is down 10 3/4 cents per bushel and July soybean meal is down $7.20. The Dow Jones Industrial Average is up 314.98 points and the NASDAQ is up 83.77 points. Beef net sales of 7,500 mt for 2026 were down 25% from the previous week and 41% from the prior 4-week average. The three largest buyers were Mexico (2,000 mt), South Korea (1,300 mt) and Taiwan (1,000 mt). Port net sales of 21,000 mt for 2026 were down 32% from the previous week and 36% from the prior 4-week average. The three largest buyers were Japan (7,100 mt), Mexico (6,100 mt) and Colombia (1,800 mt).

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