DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:48 -- July corn is down 8 cents per bushel, July soybeans are down 11 3/4 cents, July KC wheat is down 13 cents, July Chicago wheat is down 17 cents and MIAX July Minneapolis wheat is down 9 1/4 cents. The Dow Jones Industrial Average is down 431.52 points. The U.S. Dollar Index is up 0.310 and July crude oil is up $2.48 per barrel. August gold is down $53.40 per ounce. Heading for the Wednesday close, all of the ag markets except for bean oil are trading sharply lower, led by wheat and soybeans. KC July wheat is now down for the tenth consecutive day. Corn and soy markets are getting pummeled from fund liquidation on the idea of rapid planting and favorable weather.
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Posted 10:31 -- July corn is down 5 cents per bushel, July soybeans are down 3 cents, July KC wheat is down 10 1/4 cents, July Chicago wheat is down 13 cents and MIAX July Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is down 383.53 points. The U.S. Dollar Index is up 0.220 and July crude oil is up $1.82 per barrel. August gold is down $46.60 per ounce. At midmorning all but bean oil futures are trading lower, with wheat leading the way. Kansas City July is now lower for the tenth consecutive trading day and is just above the 100-day moving average. News is scarce about the Iran peace talks ongoing.
Posted 08:34 -- July corn is down 1 1/4 cents per bushel, July soybeans are up 3 3/4 cents, July KC wheat is up 1 3/4 cents, July Chicago wheat is up 2 cents and MIAX July Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is down 178.97 points. The U.S. Dollar Index is up 0.230 and July crude oil is up $1.06 per barrel. August gold is down $41.60 per ounce. USDA: private exporters reported sales of 136,000 mt (5.4 mb) of corn to South Korea for 2026/2027. Corn has gone negative while the soy complex and wheat are higher.
Livestock
Posted 11:31 -- August live cattle are up $0.13 at $239.775, August feeder cattle are down $0.95 at $347.475, July lean hogs are down $0.10 at $101.55, July corn is down 6 cents per bushel and July soybean meal is down $3.60. The Dow Jones Industrial Average is down 429.03 points and the NASDAQ is down 288.00 points. With fears above New World screwworm lingering, the cattle contracts continue to trade lower. Meanwhile a few sales were noted this morning in Nebraska at $405 but not enough cattle have traded to say that any sort of a trend has been established yet this week.
Posted 08:34 -- August live cattle are down $2.60 at $237.05, August feeder cattle are down $5.68 at $342.75, July lean hogs are down $0.43 at $101.225, July corn is down 1 cent per bushel and July soybean meal is up $1.40. The Dow Jones Industrial Average is down 168.02 points and the NASDAQ is up 15.15 points. With the market still chock full of concern regarding New World screwworm, the cattle contracts are still trading lower. No new cash cattle trade has developed, and it's likely that the bulk of this week's business will be delayed until Thursday or Friday.
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