DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:48 -- July corn is down 7 1/2 cents per bushel, July soybeans are down 11 3/4 cents, July KC wheat is up 3 cents, July Chicago wheat is down 1 1/4 cents and MIAX September Minneapolis wheat is down 5 cents. The Dow Jones Industrial Average is up 807.88 points. The U.S. Dollar Index is down 0.060 and July crude oil is down $2.87 per barrel. August gold is up $50.30 per ounce. Going into Thursday's close, corn, soybeans and bean oil are crashing hard. December corn fell through the low set in August 2024. Pressure is coming from the sharp fall in crude oil futures despite overnight bombing. President Trump announced that a peace deal approved by neighboring Middle Eastern countries will soon be signed so bombing has now been halted.
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Posted 10:32 -- July corn is steady, July soybeans are down 4 cents, July KC wheat is up 7 cents, July Chicago wheat is up 1 1/4 cents and MIAX September Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is up 317.62 points. The U.S. Dollar Index is up 0.230 and July crude oil is up $0.43 per barrel. August gold is down $31.10 per ounce. At midmorning, in quiet trade ahead of the June WASDE report, wheat and soy products are moderately higher while corn is little changed and soybeans are lower. Crude oil is up only slightly despite new overnight bombings in Iran.
Posted 08:31 -- July corn is down 3 1/2 cents per bushel, July soybeans are down 3 3/4 cents, July KC wheat is up 1/4 cent, July Chicago wheat is down 1 1/2 cents and MIAX September Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is up 287.27 points. The U.S. Dollar Index is up 0.160 and July crude oil is down $0.36 per barrel. August gold is down $34.20 per ounce. Corn, soybeans and hard wheat futures are lower to start Thursday while Minneapolis wheat and soy products are slightly better. Traders are waiting for the June USDA and WASDE reports which are expected to show only minor balance sheet adjustments from May.
Livestock
Posted 11:43 -- August live cattle are up $1.45 at $242.95, August feeder cattle are up $5.60 at $359.975, July lean hogs are down $0.25 at $96.6, July corn is down 5 1/2 cents per bushel and July soybean meal is up $1.10. The Dow Jones Industrial Average is up 363.97 points and the NASDAQ is up 162.11 points. Bids are currently on the table in the South, but no cattle have traded yet and given that the bids are far below asking prices it's likely that trade will be delayed until the Friday. Asking prices are noted in the South at $258 and are still not established in the North.
Posted 08:37 -- August live cattle are down $0.55 at $240.95, August feeder cattle are down $0.20 at $354.175, July lean hogs are up $0.33 at $97.175, July corn is down 3 cents per bushel and July soybean meal is up $2.60. The Dow Jones Industrial Average is up 239.33 points and the NASDAQ is up 58.90 points. With no help from the cash market having developed yet, the cattle contracts are trading lower at Thursday's start. No bids are on the table yet today but packer interest could improve throughout the day.
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