DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:47 -- July corn is down 5 1/2 cents per bushel, November soybeans are down 7 1/2 cents, September KC wheat is down 11 cents, September Chicago wheat is down 9 1/4 cents and MIAX September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 182.56 points. The U.S. Dollar Index is up 0.700 and August crude oil is down $1.52 per barrel. August gold is down $133.70 per ounce. Heading for the weekly finish, grain and soy markets are plunging in unison, led by bean oil, beans and wheat. Heavy fund long liquidation in bean oil was estimated to be as much as 15,000 contracts as of noon. Weather in the near- and longer-term forecasts is mostly bearish. On the other side of the coin, western Europe is forecast to be very hot and dry for the next 10 days.
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Posted 10:30 -- July corn is down 4 cents per bushel, November soybeans are down 5 1/4 cents, September KC wheat is down 7 1/2 cents, September Chicago wheat is down 7 cents and MIAX September Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is up 153.15 points. The U.S. Dollar Index is up 0.560 and August crude oil is down $2.25 per barrel. August gold is down $129.00 per ounce. Grain and soy markets are under heavy selling pressure led by soybean oil which is sharply lower. Spot crude oil is down another $3 per barrel and has fallen over $31 per barrel just since mid-May. Pressure is coming from the expected reopening of the Strait of Hormuz. Weather is also leaning bearish for corn and soy.
Posted 08:46 -- July corn is down 4 1/2 cents and July soybeans are down 8 cents. July KC wheat is down 4 cents, July Chicago wheat is down 3 1/4 cents, and July MIAX Minneapolis wheat is up 1/4 cents. August crude oil is down $2.63 and Dow Jones futures are up 260 points. The U.S. Dollar Index is up 0.51 and August gold is down $94.10. To begin the final session of the holiday-shortened week, row-crop futures are moderately lower across the board, giving back some of the gains seen on Wednesday amid additional energy market weakness ahead of Friday's signing of the interim peace agreement in the Middle East. The turn lower is particularly disappointing for soybeans, with USDA announcing another round of flash export sales Thursday morning bringing the total to 23 million bushels this week including the first labeled sales to China.
Livestock
Posted 11:46 -- August live cattle are down $1.13 at $247.725, August feeder cattle are up $0.95 at $368.375, August lean hogs are down $0.15 at $96.35, July corn is down 5 1/2 cents per bushel and July soybean meal is down $5.10. The Dow Jones Industrial Average is up 179.73 points and the NASDAQ is up 385.34 points. Bids are on the table in Nebraska and Kansas -- but still no cattle have traded yet. Do note that the monthly Cattle on Feed report is set to be released later this afternoon as well.
Posted 08:36 -- August live cattle are down $0.73 at $248.125, August feeder cattle are down $1.10 at $366.325, August lean hogs are down $0.55 at $95.95, July corn is down 3 1/2 cents per bushel and July soybean meal is down $1.80. The Dow Jones Industrial Average is up 346.70 points and the NASDAQ is up 237.80 points. Beef net sales of 10,400 mt for 2026 were down 45% from the previous week and 8% from the prior 4-week average. The three largest buyers were Japan (2,900 mt), South Korea (2,400 mt) and Mexico (1,500 mt). Pork net sales of 16,100 mt for 2026 – a marketing year low – were down 31% from the previous week and 50% from the prior 4-week average. The three largest buyers were China (4,100 mt), Mexico (4,100 mt) and Canada (2,300 mt).
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