DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:50 -- December corn is up 7 3/4 cents per bushel, November soybeans are up 8 3/4 cents, September KC wheat is up 20 1/2 cents, September Chicago wheat is up 17 1/4 cents and MIAX September Minneapolis wheat is up 11 cents. The Dow Jones Industrial Average is up 159.67 points. The U.S. Dollar Index is down 0.010 and August crude oil is down $0.84 per barrel. August gold is down $27.60 per ounce. Headed for the Friday close, corn, wheat and soy markets are all quite a bit stronger. USDA data held no huge surprises, but the changes that were made were mostly bullish in nature. The evolving U.S. and EU weather could certainly lead to even greater stocks losses in the future. Despite old-crop corn sales commitments already exceeding USDA projections with several weeks left, the door was left open for more bullish news down the road.

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Posted 10:32 -- December corn is up 4 cents per bushel, November soybeans are up 6 1/4 cents, September KC wheat is up 25 1/2 cents, September Chicago wheat is up 26 3/4 cents and MIAX September Minneapolis wheat is up 14 1/2 cents. The Dow Jones Industrial Average is up 126.60 points. The U.S. Dollar Index is down 0.100 and August crude oil is down $0.84 per barrel. August gold is down $28.90 per ounce. At midmorning wheat markets are soaring, while corn, soybeans and soy products extending gains. The weather forecast for next week in the Corn Belt has turned hotter and drier. That, coupled with the extreme heat wave in Europe, is adding to strength.

Posted 08:36 -- December corn is down 1/2 cent per bushel, November soybeans are down 3 cents, September KC wheat is up 17 1/2 cents, September Chicago wheat is up 15 3/4 cents and MIAX September Minneapolis wheat is up 13 cents. The Dow Jones Industrial Average is up 55.26 points. The U.S. Dollar Index is up 0.010 and August crude oil is up $0.02 per barrel. August gold is down $42.30 per ounce. USDA: Private exporters reported sales of 264,000 metric tons (9.7 mb) of soybeans for delivery to China during the 2026-27 marketing year. Wheat is surging early Friday while corn and soybeans are slightly weaker.

Livestock

Posted 11:46 -- August live cattle are down $0.65 at $234.6, August feeder cattle are down $2.13 at $354.025, August lean hogs are up $0.73 at $98.875, December corn is up 7 cents per bushel and December soybean meal is up $4.30. The Dow Jones Industrial Average is up 103.67 points and the NASDAQ is up 56.79 points. No new cash cattle bids are currently on the table and it's looking like the bulk of this week's trade is done with. Some more clean up trade could develop, but the week's prices are likely set.

Posted 08:33 -- August live cattle are down $0.23 at $235.025, August feeder cattle are up $1.30 at $357.45, August lean hogs are up $1.00 at $99.15, December corn is up 3/4 cent per bushel and December soybean meal is up $3.20. The Dow Jones Industrial Average is up 61.37 points and the NASDAQ is up 4.62 points. On Thursday, Southern live trade was noted at $248 which is $7.00 lower than the previous week's weighted average and Northern dressed cattle traded at $393 which is $10.00 lower than the previous week's weighted average. Some more light trade could develop, but the week's prices are likely set.

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