DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:41 -- July corn is up 2 3/4 cents per bushel, July soybeans are down 5 3/4 cents, July KC wheat is up 10 cents, July Chicago wheat is up 6 1/4 cents and MIAX July Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is down 73.08 points. The U.S. Dollar Index is down 0.090 and July crude oil is up $0.42 per barrel. August gold is down $6.20 per ounce. Heading into the Monday close, soybeans and soymeal remain under pressure while corn and bean oil are higher and wheat is leading the way up. Ideas that the ongoing and expected rain slated for the eastern Midwest has spurred fears of quality damage and disease for the soft red winter wheat. Heavy rain is headed for the Delta and southern Midwest. Crude oil futures are approaching unchanged, with the statement from Iran that they're done sending missiles toward Israel.
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Posted 10:34 -- July corn is up 1 3/4 cents per bushel, July soybeans are down 3 1/2 cents, July KC wheat is up 9 1/4 cents, July Chicago wheat is up 6 cents and MIAX July Minneapolis wheat is up 4 1/4 cents. The Dow Jones Industrial Average is up 45.65 points. The U.S. Dollar Index is down 0.090 and July crude oil is up $0.98 per barrel. August gold is down $8.20 per ounce. At midmorning, wheat has accelerated the move higher and bean oil and corn are also up. Soybeans are still lower, as is soymeal. Crude oil has relaxed a bit as Iran stated they would halt missile strikes on Israel.
Posted 08:30 -- July corn is down 3 3/4 cents per bushel, July soybeans are down 8 cents, July KC wheat is up 4 cents, July Chicago wheat is down 3/4 cent and MIAX July Minneapolis wheat is steady. The Dow Jones Industrial Average is up 196.26 points. The U.S. Dollar Index is down 0.230 and July crude oil is up $0.53 per barrel. August gold is down $5.30 per ounce. USDA: private exporters reported the following sales: 264,000 mt (9.7 mb) of soybeans for to unknown destinations for 2026/2027 and 103,000 mt (4 mb) of corn to Japan. Of the total, 40,000 mt (1.6 mb) is for 2025/2026 and 63,000 mt (2.4 mb) is for 2026/2027. Corn, soybeans and products are again leaking lower while only KC wheat is higher to start.
Posted 19:09 Sunday -- July corn is down 1/4 cents and July soybeans are up 3/4 cents. July KC wheat is up 3/4 cents, July Chicago wheat is up 1/2 cents and July MIAX Minneapolis wheat is up 3/4 cents. July crude oil is up $2.03 and Dow Jones futures are down 59 points. The U.S. Dollar Index is up 0.0 and August gold is up $2.40. To kick off the new week, row crop futures are quiet and mixed on the open. Last week was, to put it mildly, an extremely ugly week for price action in the crop sector, with corn, soybeans and wheat all dropping to multi-month lows. It will be interesting to see when and if bargain buyers become active with markets very oversold from a technical standpoint. In outside markets crude oil is off to a firm start, though that influence on crops has been weak recently in favor of weather trade. Iran fired missiles at Israel on Sunday in the first direct attack since the "ceasefire" was agreed upon in early April. Despite this, President Donald Trump has expressed optimism through the weekend that a deal to end the war is close.
LivestockPosted 11:45 -- August live cattle are down $4.03 at $237.625, August feeder cattle are down $3.68 at $350.225, July lean hogs are down $0.88 at $97.925, July corn is up 1 1/2 cents per bushel and July soybean meal is down $4.50. The Dow Jones Industrial Average is up 38.55 points and the NASDAQ is up 344.54 points. Without strong fundamental support helping guide the contracts higher at Monday's start, the livestock contracts are entering Monday's noon hour weaker. New showlists appear to be mixed higher in Kansas, somewhat lower in Texas, and lower in Nebraska/Colorado.
Posted 08:35 -- August live cattle are up $1.33 at $242.975, August feeder cattle are up $4.00 at $357.9, July lean hogs are up $2.15 at $100.95, July corn is down 2 3/4 cents per bushel and July soybean meal is down $2.50. The Dow Jones Industrial Average is up 352.97 points and the NASDAQ is up 310.73 points. With two additional cases of New World screwworm found over the weekend, both the live cattle and feeder cattle contracts are trading higher at Monday's start. This puts the total number of confirmed cases in the U.S. up to four.
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