DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 1/4 cent per bushel, November soybeans are up 1/2 cent, September KC wheat is up 3 cents, September Chicago wheat is up 1/2 cent and MIAX September Minneapolis wheat is down 4 1/4 cents. The Dow Jones Industrial Average is up 166.57 points. The U.S. Dollar Index is down 0.500 and August crude oil is down $0.12 per barrel. August gold is up $39.20 per ounce. Heading into the Thursday close ahead of the holiday weekend, grain and soy markets have retreated from daily highs, and bean oil has once again gone positive. The short-term weather forecast is mostly favorable, but rain could be excessive in the northwest corn belt, while traders are watching for the possible return of a heat dome next week. Corn demand remains very solid, with corn sales commitments already above the USDA estimate at 3.362 billion bushels. Export sales will likely have to be adjusted higher.

Posted 10:29 -- December corn is up 2 1/2 cents per bushel, November soybeans are up 3/4 cent, September KC wheat is up 6 1/2 cents, September Chicago wheat is up 6 cents and MIAX September Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is up 368.71 points. The U.S. Dollar Index is down 0.620 and August crude oil is down $0.84 per barrel. August gold is up $54.50 per ounce. At midmorning, bean oil futures have turned lower again and are down for the fourth consecutive day. Corn, soybeans and wheat markets are still moderately higher in quiet trade.

Posted 08:33 -- December corn is up 2 1/4 cents per bushel, November soybeans are up 6 3/4 cents, September KC wheat is up 3 cents, September Chicago wheat is up 6 1/2 cents and MIAX September Minneapolis wheat is up 3 1/2 cents. The Dow Jones Industrial Average is up 261.61 points. The U.S. Dollar Index is down 0.670 and August crude oil is down $0.86 per barrel. August gold is up $54.90 per ounce. Grain and soy markets are all higher to start ahead of the long holiday weekend. Crude oil is down and the U.S. dollar is sharply lower. Soybeans are leading the way higher despite small export sales as traders remain optimistic that China will begin buying more U.S. beans.

Livestock

Posted 11:34 -- August live cattle are down $1.70 at $240.125, August feeder cattle are down $2.03 at $362.125, August lean hogs are up $1.48 at $98.525, December corn is up 3/4 cent per bushel and December soybean meal is up $0.70. The Dow Jones Industrial Average is up 324.99 points . So far just a handful of steers have been reported sold this morning in Kansas at $255 and in Nebraska at $255 to $256, and $403 dressed. All fully steady with yesterday's business. Beef cutouts are lower at midday (choice 387.65 -3.61, select 369.20 -0.49) with light to moderate box movement (45 lds of choice cuts, 04 lds of select cuts, 06 lds of trim, and 06 lds of ground), with a choice/select spread of 18.45. Today's projected cattle slaughter is 109,000. Pork cutouts at midday are 96.24 +0.53, with 132.27 total loads. Today's project hog slaughter is 477,000.

Posted 08:33 -- August live cattle are down $0.53 at $241.3, August feeder cattle are down $1.30 at $362.85, August lean hogs are down $0.33 at $96.725, December corn is up 1 1/2 cents per bushel and December soybean meal is up $2.20. The Dow Jones Industrial Average is up 222.95 points. Cash cattle country is fairly quiet this morning following a light trade yesterday with Northern dressed deals marked at mostly $403, $5 lower than last week's weighted averages. Southern live sales were done at $255, $3 lower than the prior week's weighted averages. More business will likely take place at some point today. The CME Feeder Index for June 30, 2026, was $0.41 lower at $237.99, the projected CME Lean Hog Index for June 30, 2026, was up $0.24, at $91.48.

(c) Copyright 2026 DTN, LLC. All rights reserved.