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 cent per bushel, November soybeans are up 3/4 cent, September KC wheat is down 12 1/4 cents, September Chicago wheat is down 8 1/2 cents and MIAX September Minneapolis wheat is down 18 1/4 cents. The Dow Jones Industrial Average is up 143.64 points. The U.S. Dollar Index is up 0.370 and August crude oil is down $0.77 per barrel. August gold is down $54.90 per ounce. Heading for the Tuesday finish, wheat remains under heavy pressure, presumably from harvest pressure, corn is down a penny and beans up a penny in slow trade. Bullish in the background is the extreme heat and dryness in the EU, capable of compromising both corn and wheat yields. Bean oil is down with the fading crude oil market.

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Posted 10:25 -- July corn is down 2 cents per bushel, November soybeans are up 2 cents, September KC wheat is down 9 cents, September Chicago wheat is down 5 3/4 cents and MIAX September Minneapolis wheat is down 12 1/2 cents. The Dow Jones Industrial Average is down 82.04 points. The U.S. Dollar Index is up 0.330 and August crude oil is down $0.80 per barrel. August gold is down $60.90 per ounce. At midmorning, only soybeans and soymeal are moderately higher while corn, wheat and bean oil have been down for much of the morning. There is very little news to drive markets but crude oil is right around $73 per barrel and down more than $31 from the high.

Posted 08:33 -- July corn is steady, November soybeans are up 2 1/2 cents, September KC wheat is down 5 3/4 cents, September Chicago wheat is down 2 3/4 cents and MIAX September Minneapolis wheat is down 4 1/4 cents. The Dow Jones Industrial Average is down 327.81 points. The U.S. Dollar Index is up 0.240 and August crude oil is down $0.75 per barrel. August gold is down $65.80 per ounce. USDA: Private exporters reported sales of 100,000 mt (3.9 mb) of corn to Mexico. Of the total, 30,000 mt (1.2 mb) is for 2025/2026 and 70,000 mt (2.7 mb) is for the 2026/2027 marketing year. Corn and beans are little changed and wheat is lower on a slow trade day. Once again, China failed to show up on the morning flash sales announcement.

Livestock

Posted 11:37 -- August live cattle are down $0.95 at $246.4, August feeder cattle are down $1.40 at $369.025, August lean hogs are up $0.83 at $97.55, July corn is down 2 1/4 cents per bushel and July soybean meal is up $2.30. The Dow Jones Industrial Average is up 120.39 points and the NASDAQ is down 391.66 points. No cash cattle trade has developed yet so the livestock contracts are trading mixed. Bids remain elusive at this point and trade will likely hold off until Thursday or Friday.

Posted 08:36 -- August live cattle are down $0.43 at $246.925, August feeder cattle are down $0.08 at $370.35, August lean hogs are up $0.63 at $97.35, July corn is down 1/4 cent per bushel and July soybean meal is up $3.00. The Dow Jones Industrial Average is down 351.25 points and NASDAQ is down 544.35 points. Following Monday's ambitious trade, the cattle contracts are heading into Tuesday's market a bit more cautious as the contracts are near resistance levels. No cash cattle trade has developed yet and both bids and asking prices remain elusive at this point in time.

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