DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 8 1/4 cents per bushel, November soybeans are down 6 cents, September KC wheat is down 7 1/4 cents, September Chicago wheat is down 9 3/4 cents and MIAX September Minneapolis wheat is down 3 1/2 cents. The Dow Jones Industrial Average is down 586.07 points. The U.S. Dollar Index is down 0.020 and August crude oil is up $3.44 per barrel. August gold is down $77.50 per ounce. As we approach the Wednesday close, grain and soy markets, with the exception of bean oil, have turned weaker. Apparently the GFS weather outlook has turned cooler next week, but past July 16 a ridge is expected to set in. Crude oil continues to be very firm following enhanced bombing in Iran and crude stocks falling to a 42-year low.

Posted 10:58 -- December corn is down 6 1/2 cents per bushel, November soybeans are steady, September KC wheat is down 6 cents, September Chicago wheat is down 5 3/4 cents and MIAX September Minneapolis wheat is down 3 cents. The Dow Jones Industrial Average is down 816.71 points. The U.S. Dollar Index is up 0.220 and August crude oil is up $5.51 per barrel. August gold is down $113.70 per ounce. At mid-morning, corn, wheat and soymeal have all weakened while soybeans and bean oil remain higher, but November beans are nearing unchanged. This is the first China purchase in quite some time was not enough to hold the soy market higher.

Posted 08:34 -- December corn is down 1 1/4 cents per bushel, November soybeans are up 3 1/4 cents, September KC wheat is up 4 cents, September Chicago wheat is up 2 1/4 cents and MIAX September Minneapolis wheat is up 6 3/4 cents. The Dow Jones Industrial Average is down 533.14 points. The U.S. Dollar Index is up 0.080 and August crude oil is up $3.57 per barrel. August gold is down $68.00 per ounce. Finally, we have confirmation China is buying U.S. soybeans. USDA: Private exporters reported sales of 472,000 mt (17.3 mb) of soybeans to China. Of the total, 136,000 mt (5 mb) is for 2025/2026 and 336,000 mt (12.3 mb) is for 2026/2027. One would expect China to continue to ramp up purchases. Threatening weather both in Europe and in the U.S. is propping up markets as well.

Livestock

Posted 11:28 -- August live cattle are down $1.50 at $236.925, August feeder cattle are down $0.85 at $359.8, August lean hogs are up $2.00 at $98.925, December corn is down 7 1/4 cents per bushel and December soybean meal is down $5.00. The Dow Jones Industrial Average is down 717.67 points and the NASDAQ is down 113.07 points. The livestock complex is again trading mixed as the cattle contracts continue to venture lower unwilling to move higher without first seeing what's going to be done in this week's cash market, but the lean hog contracts are finding some mild support this morning and trading higher. Asking prices are noted at $400 in eastern Nebraska but still no sales have been noted.

Posted 08:34 -- August live cattle are down $0.80 at $237.625, August feeder cattle are down $0.78 at $359.875, August lean hogs are up $0.50 at $97.425, December corn is down 1/2 cent per bushel and December soybean meal is down $4.10. The Dow Jones Industrial Average is down 520.47 points and the NASDAQ is down 99.77 points. The livestock complex is off to a mixed start as the cattle contracts continue to venture lower but the lean hog contracts are trading mildly higher. Still no developments have surfaced in the fed cash cattle market, and trade will likely be delayed until Thursday or Friday.

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