DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:52 -- December corn is down 4 cents per bushel, November soybeans are down 9 1/2 cents, September KC wheat is up 9 3/4 cents, September Chicago wheat is up 12 1/4 cents and MIAX September Minneapolis wheat is up 9 cents. The Dow Jones Industrial Average is up 201.85 points. The U.S. Dollar Index is down 0.120 and August crude oil is down $2.00 per barrel. August gold is up $63.80 per ounce. At midday, corn, soybeans and bean oil are down while wheat and soymeal are up sharply. Crude oil has made an about face and trading down over $2 per barrel. The midday weather update from the GFS is warmer and drier next week.
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Posted 11:38 -- September corn is down 1 1/2 cents and August soybeans are down 6 1/2 cents. September KC wheat is up 11 1/2 cents, September Chicago wheat is up 11 cents, and September MIAX Minneapolis wheat is up 8 1/4 cents. August crude oil is down $1.28 and Dow Jones futures are up 127 points. The U.S. Dollar Index is down 0.07 and August gold is up $55.70. At midmorning, corn and soybean futures are lower while wheat has reversed off early lows with winter markets now up double digits. Soybean traders may be disappointed by lukewarm export sales Thursday morning, though the weekly report did not include recent flash sales to China. Wheat is firm ahead of Friday's WASDE report, which will incorporate the bullish changes to stocks and acreage made by USDA on June 30.
Posted 08:42 -- December corn is down 4 3/4 cents at $4.51 1/2, November beans are down 6 3/4 cents at $11.85 1/2, and Kansas City September wheat is down 1 at $6.44 1/4. The Dow Jones Industrials are down 51 points at 52.297. August crude oil is down 41 cents at 73.11. Private exporters reported the following sales: 136,000 mt (5 mb) of soybeans to China for 2026-27 and 120,000 mt (4.4 mb) of soybeans to unknown destinations for 2026-27. Grain and soy markets are mostly weaker to start.
Livestock
Posted 11:36 -- August live cattle are down $1.80 at $235.825, August feeder cattle are down $3.25 at $358.8, August lean hogs are down $1.33 at $98.325, December corn is down 3 cents per bushel and December soybean meal is up $3.10. The Dow Jones Industrial Average is up 190.30 points and the NASDAQ is up 224.56 points. Some light cash cattle trade has developed in the South at $248 -- but not enough cattle have traded to say that any trend has been confirmed yet this week. Bids of $393 are currently being offered in Nebraska, and bids of $248 are noted in Kansas.
Posted 08:32 -- August live cattle are up $0.33 at $237.95, August feeder cattle are up $1.23 at $363.275, August lean hogs are down $0.53 at $99.125, December corn is down 3 1/2 cents per bushel and December soybean meal is up $1.20. The Dow Jones Industrial Average is down 50.67 points and the NASDAQ is up 9.55 points. Thursday's export report shared that beef net sales of 14,000 mt for 2026 were primarily for Japan (4,200 mt), South Korea (3,200 mt) and Taiwan (1,400 mt). Pork net sales of 17,700 mt for 2026 were down 53% from the previous week and 32% from the prior 4-week average. The three largest buyers were Mexico (7,500 mt), Japan (4,600 mt) and Canada (1,300 mt).
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