DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- July corn is down 3/4 cents and July soybeans are up 6 1/2 cents. July KC wheat is up 1 cent, July Chicago wheat is up 1 1/2 cents, and July MIAX Minneapolis wheat is down 3 1/2 cents. August crude oil is up $1.80 and Dow Jones futures are down 176 points. The U.S. Dollar Index is up 0.0 and August gold is down $82.40. Row crop futures are mixed to mostly positive on Sunday evening, led by soybeans, which may find support to begin the week after USDA confirmed the first new crop sales to China last Thursday. In outside market news, negotiations between the U.S. and Iran have once again stalled after Iranian officials reportedly left meetings on Sunday, citing the ongoing fighting in Lebanon. Despite what remains a tense situation, with Iran once again claiming the Strait of Hormuz is closed, oil prices are only marginally higher to begin the week and still among the lowest since early March. U.S. weather for the most part still leans beneficial to crop development, but there were reports through the weekend of hail damage in some areas, which the market will monitor in the coming days.

Livestock

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