DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- July corn is down 2 1/4 cents and July soybeans are down 8 1/4 cents. July KC wheat is down 3 1/4 cents, July Chicago wheat is down 5 1/2 cents, and July MIAX Minneapolis wheat is down 4 1/2 cents. July crude oil is down $5.17 and Dow Jones futures are up 325 points. The U.S. Dollar Index is down 0.21 and June gold is up $28.90. Row-crop futures are moderately lower to begin the shortened trading week, with a good Memorial Day weekend for precipitation in the books and more forecast for the next two weeks across some of the worst drought-stricken regions (particularly in the Western Plains). Meanwhile, energy futures are also lower and causing spillover weakness in grains, with President Trump stating on Monday that peace negotiations with Iran are proceeding though no clear agreement has been reached.

Livestock

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