DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 10:30 -- July corn is down 7 cents per bushel, July soybeans are down 7 1/2 cents, July KC wheat is down 12 1/4 cents, July Chicago wheat is down 10 3/4 cents and MIAX July Minneapolis wheat is down 9 3/4 cents. The Dow Jones Industrial Average is up 363.39 points. The U.S. Dollar Index is down 0.210 and July crude oil is down $1.75 per barrel. August gold is up $78.30 per ounce. At midmorning, soybean oil continues to trade into new high ground while the remainder of the grain and soy markets are down hard. Kansas City July wheat is headed for a seventh consecutive lower finish and now has plunged close to $1.00 per bushel from the post-USDA new high. There is talk that President Trump will be coming out with some sort of announcement later Friday.

Posted 08:32 -- July corn is down 3 3/4 cents per bushel, July soybeans are up 1 1/4 cents, July KC wheat is down 6 1/2 cents, July Chicago wheat is down 3 3/4 cents and MIAX July Minneapolis wheat is down 2 1/4 cents. The Dow Jones Industrial Average is up 115.43 points. The U.S. Dollar Index is down 0.010 and July crude oil is down $1.43 per barrel. August gold is up $27.40 per ounce. Corn and wheat are fading and soybeans had turned lower briefly. Bean oil remains very strong and into new contract high territory. Crude oil is down again on optimism that the memorandum of understanding between the U.S. and Iran could lead to the reopening of the Strait of Hormuz.

Livestock

Posted 08:34 -- August live cattle are down $0.25 at $240.75, August feeder cattle are down $0.75 at $352.275, July lean hogs are down $0.95 at $101.175, July corn is down 3 1/2 cents per bushel and July soybean meal is down $0.20. The Dow Jones Industrial Average is up 126.26 points and the NASDAQ is up 58.11 points. Without any lively developments having surfaced in the fed cash cattle market, the cattle contracts continue to slide lower. No bids are currently on the table but more trade will need to develop throughout the day.

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