DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:42 -- July corn is down 5 1/4 cents per bushel, July soybeans are unchanged, July KC wheat is down 7 1/4 cents, July Chicago wheat is down 13 3/4 cents and MIAX July Minneapolis wheat is down 10 1/2 cents. The Dow Jones Industrial Average is up 203.04 points. The U.S. Dollar Index is up 0.060 and July crude oil is down $4.16 per barrel. June gold is down $52.10 per ounce. Heading for the Wednesday close, corn and wheat remain down hard while soybeans have retreated back to unchanged, and soy products are higher. Crude oil is still down over $4 per barrel and equities are higher on optimism that a peace deal may be getting closer.

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Posted 10:34 -- July corn is down 2 1/4 cents per bushel, July soybeans are up 4 cents, July KC wheat is down 3 1/4 cents, July Chicago wheat is down 10 3/4 cents and MIAX July Minneapolis wheat is down 5 1/2 cents. The Dow Jones Industrial Average is up 221.85 points. The U.S. Dollar Index is down 0.010 and July crude oil is down $3.67 per barrel. June gold is down $65.70 per ounce. At midmorning, soybeans have rallied back along with stronger bean oil and meal markets while corn remains down a few and wheat is still trading lower for the fifth consecutive day. Have heard no news on the Iran discussions, but crude oil remains down close to $4 per barrel.

Posted 08:32 -- July corn is down 4 cents per bushel, July soybeans are down 3 1/4 cents, July KC wheat is down 8 1/2 cents, July Chicago wheat is down 11 cents and MIAX July Minneapolis wheat is down 7 1/4 cents. The Dow Jones Industrial Average is up 105.36 points. The U.S. Dollar Index is down 0.080 and July crude oil is down $4.15 per barrel. June gold is down $87.80 per ounce. Grain and soybeans are under modest pressure early Wednesday on optimism over a potential peace accord with Iran. Crude oil futures are falling hard, down over $5 per barrel earlier. A fast planting pace on both corn and soy and favorable warm and dry weather are also pressuring markets. Wheat markets are down for the fifth consecutive day.

Livestock

Posted 11:38 -- August live cattle are up $3.93 at $243.075, August feeder cattle are up $6.53 at $355.975, July lean hogs are up $1.93 at $102.05, July corn is down 3 cents per bushel and July soybean meal is up $3.60. The Dow Jones Industrial Average is up 226.55 points and the NASDAQ is down 16.15 points. The livestock complex is trading mixed into Wednesday's noon hour as the cattle contracts are trading higher while the lean hog contracts trade higher in their nearby contracts, but lower in the deferred months. Still no cash cattle trade has developed.

Posted 08:42 -- August live cattle are up $1.28 at $240.425, August feeder cattle are up $2.33 at $351.775, July lean hogs are up $0.98 at $101.1, July corn is down 4 cents per bushel and July soybean meal is up $0.30. The Dow Jones Industrial Average is up 104.42 points and the NASDAQ is up 50.87 points. Following Tuesday's hesitant state, the livestock contracts are back to trading higher on Wednesday. Nothing has developed yet in the fed cash cattle market, and will likely be delayed until Thursday or Friday.

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