DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:46 -- December corn is up 5 1/4 cents per bushel, November soybeans are up 3 3/4 cents, September KC wheat is down 3/4 cent, September Chicago wheat is up 2 cents and MIAX September Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is down 130.99 points. The U.S. Dollar Index is up 0.110 and August crude oil is up $1.96 per barrel. August gold is down $10.20 per ounce. Heading into the Tuesday close, corn and soybeans continue to trade higher while wheat is mixed. The updated weather has trended warmer and drier in the 6- to 15-day portion of the forecast in the central U.S. while extreme heat in western Europe is now expected to last until July 19. A high-pressure ridge in the western areas of the U.S. is forecast to stick around until the third week in July.

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Posted 10:29 -- December corn is up 1 3/4 cents per bushel, November soybeans are down 1 1/2 cents, September KC wheat is down 3/4 cent, September Chicago wheat is up 3 cents and MIAX September Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is down 217.46 points. The U.S. Dollar Index is up 0.100 and August crude oil is up $1.75 per barrel. August gold is down $14.10 per ounce. At midmorning, corn, wheat and soybeans are mixed and close to unchanged while bean oil is rising with crude. There had to be a bit if disappointment with no confirmation of the frequent China buying rumors.

Posted 08:31 -- December corn is up 3/4 cent per bushel, November soybeans are up 2 cents, September KC wheat is down 1/2 cent, September Chicago wheat is up 3/4 cent and MIAX September Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is up 165.77 points. The U.S. Dollar Index is up 0.060 and August crude oil is up $1.15 per barrel. August gold is up $11.30 per ounce. Corn, wheat and soybeans are all mixed to start following Monday's dynamic rally. USDA: Private exporters reported sales of 105,000 mt of soybean cake and meal to Colombia for 2025-26. There is still no confirmation of rumored China purchases.

Livestock

Posted 11:33 -- August live cattle are down $1.40 at $237.7, August feeder cattle are down $0.20 at $360.3, August lean hogs are down $2.03 at $96.5, December corn is up 1 3/4 cents per bushel and December soybean meal is up $0.80. The Dow Jones Industrial Average is down 185.41 points and the NASDAQ is down 169.09 points. All three of the livestock markets are trading lower into Tuesday's noon hour as traders hope for greater fundamental support to arise. Still no trade has developed yet in the cash cattle market.

Posted 08:34 -- August live cattle are up $0.18 at $239.275, August feeder cattle are up $0.98 at $361.475, August lean hogs are down $0.75 at $97.775, December corn is up 3/4 cent per bushel and December soybean meal is up $1.10. The Dow Jones Industrial Average is up 219.07 points and the NASDAQ is down 117.40 points. Following Monday's mixed close the cattle contracts are off to a slightly stronger start a Tuesday's open. Still no cash cattle trade has developed and both bids and asking prices remain elusive at this point.

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