DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:48 -- July corn is down 9 cents per bushel, July soybeans are down 31 cents, July KC wheat is down 5 3/4 cents, July Chicago wheat is down 6 1/2 cents and MIAX July Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is up 819.29 points. The U.S. Dollar Index is down 0.150 and July crude oil is down $3.83 per barrel. August gold is up $39.10 per ounce. Heading into the Thursday close it surely is a meltdown in the grain and soy markets, with soybeans and soy products leading the bloodbath. November soybeans have broken out to the downside of a triangle chart pattern and July bean oil has begun a reversal from recent new highs, following the crashing crude oil market. KC July wheat is headed for the eleventh consecutive lower close as funds are caught long in each market.
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Posted 10:29 -- July corn is down 8 cents per bushel, July soybeans are down 28 1/2 cents, July KC wheat is down 6 1/4 cents, July Chicago wheat is down 7 1/4 cents and MIAX July Minneapolis wheat is down 0.0450 cents. The Dow Jones Industrial Average is up 881.66 points. The U.S. Dollar Index is down 0.180 and July crude oil is down $3.30 per barrel. August gold is up $31.90 per ounce. At midmorning grain and soy markets have collapsed, led by soybean oil and soybeans. Crude oil is falling and the stock market is making new highs. November soybeans appear to have broken out to the downside of a symmetrical triangle -- a bearish development. July corn has plunged to a new low. Favorable weather and fund selling are combining for the bearish result. KC July wheat is down for the eleventh consecutive day.
Posted 08:31 -- July corn is down 4 1/2 cents per bushel, July soybeans are down 7 3/4 cents, July KC wheat is up 1 cent, July Chicago wheat is up 1 3/4 cents and MIAX July Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is up 539.88 points. The U.S. Dollar Index is down 0.270 and July crude oil is down $3.05 per barrel. August gold is up $64.70 per ounce. USDA: private exporters reported sales of 115,000 mt (4.5 mb) of corn to Colombia for 2026-27. Corn and the soy complex are under pressure early Thursday while wheat is just modestly higher. KC July wheat is trying to avoid an eleventh straight lower finish.
Livestock
Posted 11:49 -- August live cattle are up $3.75 at $241.6, August feeder cattle are up $10.55 at $353.175, July lean hogs are down $0.43 at $101.575, July corn is down 8 1/4 cents per bushel and July soybean meal is down $8.60. The Dow Jones Industrial Average is up 930.98 points and the NASDAQ is down 41.45 points. Upon hearing that the first confirmed case of New World screwworm has been detected in the U.S., both the live cattle and feeder cattle contracts are trading sharply higher. A thin movement has developed this morning in the South at $256, but no new Northern dressed trade has developed yet.
Posted 08:32 -- August live cattle are down $1.25 at $236.6, August feeder cattle are down $3.53 at $339.1, July lean hogs are down $2.05 at $99.95, July corn is down 4 1/4 cents per bushel and July soybean meal is down $1.30. The Dow Jones Industrial Average is up 526.89 points and the NASDAQ is down 263.21 points. Following the positive detection of a case of New World screwworm being found in Texas, both the live cattle and feeder cattle contracts are trading moderately lower. No new cash cattle trade is developing at this time but more business should develop throughout the day or on Friday.
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