DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:31 -- July corn is down 12 1/4 cents per bushel, July soybeans are down 9 cents, July KC wheat is down 7 1/4 cents, July Chicago wheat is down 10 1/4 cents and MIAX July Minneapolis wheat is down 4 3/4 cents. The Dow Jones Industrial Average is up 400.97 points. The U.S. Dollar Index is down 0.250 and July crude oil is down $4.85 per barrel. June gold is up $24.30 per ounce. At midmorning , all of the grain and soy markets are down hard, led by corn and soybeans. Crude oil is down nearly $5 per barrel as there must be some talk of nearing a peace agreement.

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Posted 08:51 -- July corn is down 5 1/2 cents and July soybeans are down 6 3/4 cents. July KC wheat is up 4 1/2 cents, July Chicago wheat is up 1 cents, and July MIAX Minneapolis wheat is up 7 cents. July crude oil is down $2.42 and Dow Jones futures are up 59 points. The U.S. Dollar Index is up 0.03 and June gold is down $19.00. To begin Wednesday's day session, row-crop futures are mixed with corn and soybeans lower on a rainy forecast for the balance of May, as well as softer energy markets as investors await updates regarding peace negotiations in the Middle East. Wheat futures are moderately higher, still supported by poor crop ratings in the U.S.

Livestock

Posted 11:33 -- August live cattle are down $3.53 at $243.725, August feeder cattle are down $3.10 at $360.55, July lean hogs are down $0.43 at $101.725, July corn is down 10 cents per bushel and July soybean meal is down $2.10. The Dow Jones Industrial Average is up 468.42 points and the NASDAQ is up 277.67 points. Without enough fundamental support having developed, the livestock contracts are trading lower. Still no bids have surfaced in the fed cash cattle market, and it's looking like the week's trade could be delayed until the bitter end of the week.

Posted 08:33 -- August live cattle are down $0.75 at $246.5, August feeder cattle are down $0.23 at $363.425, July lean hogs are down $0.50 at $101.65, July corn is down 5 cents per bushel and July soybean meal is down $1.40. The Dow Jones Industrial Average is down 1.18 points and the NASDAQ is up 149.51 points. Still no cash cattle trade has developed and both bids and asking prices remain elusive. It's likely that this week trade could be delayed until Friday as there's a Cattle on Feed report set to be released later this week.

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