DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- July corn is up 3/4 cents and July soybeans are up 12 1/4 cents. July KC wheat is up 3 1/2 cents, July Chicago wheat is up 5 1/4 cents, and July MIAX Minneapolis wheat is up 2 1/2 cents. July crude oil is up $1.33 and Dow Jones futures are down 534 points. The U.S. Dollar Index is down 0.03 and August gold is down $133.80. At midmorning, row-crop futures are holding to moderate gains as relief buying has arrived to catch markets following last week's sharp turn lower. Wednesday's CPI inflation reading was the highest in three years with the late-morning Petroleum Status report also showing yet another drawdown in the U.S. Strategic Petroleum Reserve. Energy futures are higher as a result and also in response to U.S. retaliatory strikes against Iran on Tuesday.

Posted 08:31 -- July corn is up 1 1/2 cents per bushel, July soybeans are up 6 1/4 cents, July KC wheat is up 5 1/2 cents, July Chicago wheat is up 7 1/2 cents and MIAX September Minneapolis wheat is up 4 3/4 cents. The Dow Jones Industrial Average is down 338.60 points. The U.S. Dollar Index is down 0.080 and July crude oil is up $1.32 per barrel. August gold is down $113.00 per ounce. Grain and soy markets are firmer to start on renewed hostilities between the U.S. and Iran and the CPI which reflected the highest inflation in three years.

Livestock

Posted 08:36 -- August live cattle are down $0.13 at $239.575, August feeder cattle are down $0.48 at $353.675, July lean hogs are up $0.05 at $96.2, July corn is up 2 cents per bushel and July soybean meal is up $2.80. The Dow Jones Industrial Average is down 322.07 points and the NASDAQ is down 245.33 points. The livestock complex is trading lower at Wednesday's start as traders continue to yearn for greater fundamental support. Currently no bids are on the table in the cash market, and trade will likely be delayed until Thursday or Friday.

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