DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:43 -- July corn is down 3 1/2 cents per bushel, July soybeans are down 1 3/4 cents, July KC wheat is down 1/4 cent, July Chicago wheat is up 1 1/4 cents and MIAX July Minneapolis wheat is down 5 1/4 cents. The Dow Jones Industrial Average is down 88.66 points. The U.S. Dollar Index is up 0.080 and July crude oil is down $0.86 per barrel. June gold is down $50.40 per ounce. Heading into the Tuesday close, soybeans and bean oil are little changed, while corn is down over 3 and wheat is mixed to slightly higher in dull trade.

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Posted 10:30 -- July corn is down 3/4 cent per bushel, July soybeans are up 3/4 cent, July KC wheat is up 3 cents, July Chicago wheat is up 5 1/4 cents and MIAX July Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is down 259.89 points. The U.S. Dollar Index is up 0.210 and July crude oil is down $0.98 per barrel. June gold is down $55.10 per ounce. Corn, soybeans and soy products are little changed while wheat is trading higher on worsening crop ratings. The trade is low volume.

Posted 08:34 -- July corn is down 3/4 cent per bushel, July soybeans are up 2 1/4 cents, July KC wheat is up 3/4 cent, July Chicago wheat is down 3/4 cent and MIAX July Minneapolis wheat is up 3 3/4 cents. The Dow Jones Industrial Average is down 347.01 points. The U.S. Dollar Index is up 0.160 and July crude oil is up $0.03 per barrel. June gold is down $76.20 per ounce. Grain and soy markets are mixed early Tuesday with beans and soymeal a bit higher in slow trade. Optimism over the China trade agreement drove markets on Monday, but traders will need to see some confirmation of Chinese demand. The winter wheat crop appears to be getting even smaller with the good-to-excellent rating called the lowest for mid-May in 37 years. Early yields and test weight in Texas and Oklahoma are reported to be poor.

Livestock

Posted 11:32 -- August live cattle are up $0.28 at $247.425, August feeder cattle are up $3.80 at $362.65, June lean hogs are down $0.35 at $98.175, July corn is down 2 cents per bushel and July soybean meal is down $2.40. The Dow Jones Industrial Average is down 152.68 points and the NASDAQ is down 224.43 points. The livestock complex is again trading mixed into Tuesday's noon hour as the cattle contracts rally on the hope that fundamental support will strengthen later this week, meanwhile the lean hog contracts are trading lower. Still nothing has developed in the cash market.

Posted 08:34 -- August live cattle are up $0.03 at $247.175, August feeder cattle are up $0.55 at $359.4, June lean hogs are up $0.23 at $98.75, July corn is steady and July soybean meal is up $1.90. The Dow Jones Industrial Average is down 426.78 points and the NASDAQ is down 140.10 points. The livestock complex is off to a cautious start for the day as the market continues to hope that fundamental support will arise later in the week. No bids or asking prices have developed yet in the cash cattle complex.

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