DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:52 -- September corn is up 4 3/4 cents per bushel, November soybeans are up 1 1/2 cents, September KC wheat is up 9 3/4 cents, September Chicago wheat is up 9 3/4 cents and MIAX September Minneapolis wheat is up 5 cents. The Dow Jones Industrial Average is up 167.07 points. The U.S. Dollar Index is up 0.070 and August crude oil is down $1.02 per barrel. August gold is up $7.50 per ounce. Heading for the Tuesday finish, grain and soy markets -- with the exception of bean oil and meal -- are all higher, led by wheat. The corn and bean segment of the report was largely neutral, but the constructive market action is indicative of the oversold condition. Wheat had reasons for strength with the lowest all-wheat acreage on record and slightly less stocks.

Posted 10:30 -- September corn is down 1 1/4 cents per bushel, November soybeans are down 9 1/4 cents, September KC wheat is up 3 1/2 cents, September Chicago wheat is down 3/4 cent and MIAX September Minneapolis wheat is up 6 3/4 cents. The Dow Jones Industrial Average is up 154.93 points. The U.S. Dollar Index is up 0.050 and August crude oil is down $0.75 per barrel. August gold is up $4.50 per ounce. At midmorning, soybean and soy product losses are accelerating with a mostly bearish outlook for soy acreage and technical selling and big deliveries in bean oil. Corn and wheat are mixed in quiet trade.

Posted 08:35 -- September corn is down 1/4 cent per bushel, November soybeans are down 6 cents, September KC wheat is down 1 1/2 cents, September Chicago wheat is down 1 3/4 cents and MIAX September Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is down 119.91 points. The U.S. Dollar Index is up 0.220 and August crude oil is up $0.18 per barrel. August gold is down $2.90 per ounce. Corn is little changed, wheat mixed and soybeans and soy products are lower. Soybean oil is under heavy selling pressure following greater-than-expected deliveries against the July contract. USDA: Private exporters reported sales of 100,000 mt (3.7 mb) of hard red spring wheat to Nigeria for 2026/2027.

Livestock

Posted 11:38 -- August live cattle are down $2.08 at $241.5, August feeder cattle are down $4.88 at $362.6, August lean hogs are up $0.80 at $98.075, September corn is up 2 1/4 cents per bushel and July soybean meal is down $1.10. The Dow Jones Industrial Average is up 159.57 points. For the most part the country remains quiet at midday, although a few bids have been noted in Nebraska at $398 and a Regional in Eastern part of that state has bid $395. Beef cutouts are higher at midday (choice 394.98 +3.54, select 375.35 +1.17) with light to moderate box movement (35 lds of choice cuts, 08 lds of select cuts, 00 lds of trim, and 07 lds of ground), with a choice/select spread of 19.63. Today's projected cattle slaughter is 110,000. Pork cutouts at midday are 94.70 -2.96, with 143.21 total loads. Today's project hog slaughter is 481,000.

Posted 08:36 -- August live cattle are down $0.30 at $243.275, August feeder cattle are down $0.53 at $366.95, August lean hogs are up $0.83 at $98.1, September corn is steady and July soybean meal is down $2.50. The Dow Jones Industrial Average is down 107.75 points. Another very slow start to the day in cash cattle country with bids and asking prices yet to be established. Significant trade volume could take place as early as Wednesday or Thursday due the Independence Day holiday. The CME Feeder Index for June 26 2026, was $0.50 lower at $380.39, he projected CME Lean Hog Index for June 26, 2026, was down $0.14, at $91.41.

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