DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is up 5 1/4 cents per bushel, November soybeans are up 5 3/4 cents, September KC wheat is up 9 cents, September Chicago wheat is up 11 1/4 cents and MIAX September Minneapolis wheat is up 11 1/4 cents. The Dow Jones Industrial Average is up 131.89 points. The U.S. Dollar Index is up 0.200 and August crude oil is down $1.23 per barrel. August gold is up $46.10 per ounce. Headed into the Wednesday close, corn, wheat, beans and soymeal remain higher, while bean oil is lower along with crude oil. Funds have been sizable buyers of corn and beans and to a lesser extent wheat. The USMCA trade deal between the U.S., Mexico and Canada was extended with a yearly review needed, but no long-term pact was signed. Reports are the U.S. sold 220,000 mt of wheat to Bangladesh as part of a trade agreement.

Posted 10:27 -- December corn is up 4 1/4 cents per bushel, November soybeans are up 4 cents, September KC wheat is up 9 cents, September Chicago wheat is up 11 1/2 cents and MIAX September Minneapolis wheat is up 9 1/4 cents. The Dow Jones Industrial Average is up 164.43 points. The U.S. Dollar Index is up 0.130 and August crude oil is down $1.21 per barrel. August gold is up $58.50 per ounce. At midmorning, wheat is again leading grain and soy markets higher, while bean oil remains under pressure for the third consecutive day. Crude oil is again approaching $68 per barrel, which may be contributing to bean oil weakness. Storms are moving through Nebraska, South Dakota, northern Iowa and into Minnesota.

Posted 08:30 -- December corn is up 4 3/4 cents per bushel, November soybeans are up 8 1/4 cents, September KC wheat is up 8 3/4 cents, September Chicago wheat is up 9 3/4 cents and MIAX September Minneapolis wheat is up 7 1/4 cents. The Dow Jones Industrial Average is down 121.02 points. The U.S. Dollar Index is up 0.200 and August crude oil is down $0.60 per barrel. August gold is up $21.10 per ounce. Grain and soy markets are higher to start, with the exception of bean oil futures, which are down for the third consecutive day. August bean oil has broken below the 100-day moving average and is down more than 12 cents since the high set on June 1. There were again no new sales announced to China despite ongoing rumors of Chinese interest.

Livestock

Posted 11:32 -- August live cattle are up $0.58 at $243., August feeder cattle are up $2.05 at $366.65, August lean hogs are down $0.15 at $98.05, December corn is up 4 1/2 cents per bushel and December soybean meal is up $1.50. The Dow Jones Industrial Average is up 377.14 points. A few bids are on the table in parts of Nebraska and Kansas $252/$402 to $403. So far, they are being passed. Asking prices are very hard to find at this point. The rest of cattle country remains very quiet. Beef cutouts are lower at midday (choice 392.97 -0.19, select 370.58 -1.10) with light to moderate box movement (40 lds of choice cuts, 06 lds of select cuts, 06 lds of trim, and 07 lds of ground), with a choice/select spread of 22.39. Today's projected cattle slaughter is 110,000. Pork cutouts at midday are 95.97 +0.48, with 149.81 total loads. Today's project hog slaughter is 480,000.

Posted 08:34 -- August live cattle are up $0.53 at $242.95, August feeder cattle are up $1.18 at $365.775, August lean hogs are down $0.15 at $98.05, December corn is up 5 1/4 cents per bushel and December soybean meal is up $3.10. The Dow Jones Industrial Average is down 184.13 points. Cash cattle country is very quiet this morning with no bids or asking prices currently on the table. Packer inquiry should improve as the day progresses. The CME Feeder Index for June 29, 2026, was $2.52 lower at $377.40, the projected CME Lean Hog Index for June 29, 2026, was down $0.14, at $91.24.

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