DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:45 -- December corn is up 3 cents per bushel, November soybeans are up 6 1/2 cents, September KC wheat is down 9 3/4 cents, September Chicago wheat is down 5 cents and MIAX September Minneapolis wheat is down 1 cent. The Dow Jones Industrial Average is down 116.70 points. The U.S. Dollar Index is up 0.280 and August crude oil is up $5.31 per barrel. August gold is down $107.80 per ounce. Headed for the Monday close, corn, beans and bean oil are still higher, while the former two are well below the overnight high. Wheat and soymeal are down in tandem. The hot and dry forecast for the Corn Belt over the next 10 days appears to be the driving force.

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Posted 10:30 -- December corn is up 6 3/4 cents per bushel, November soybeans are up 7 1/4 cents, September KC wheat is down 8 1/4 cents, September Chicago wheat is down 2 1/2 cents and MIAX September Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is down 79.54 points. The U.S. Dollar Index is up 0.170 and August crude oil is up $3.07 per barrel. August gold is down $90.10 per ounce. At midmorning corn, soybeans and soybean oil are sharply higher with bean oil leading the way following crude. Hard wheat markets are down while Minneapolis is near unchanged. The heat and dryness this week has the potential to impact corn pollination.

Posted 08:32 -- December corn is up 3 cents per bushel, November soybeans are up 3 1/2 cents, September KC wheat is down 5 1/2 cents, September Chicago wheat is down 3 3/4 cents and MIAX September Minneapolis wheat is up 1 cent. The Dow Jones Industrial Average is up 127.10 points. The U.S. Dollar Index is down 0.010 and August crude oil is up $2.31 per barrel. August gold is down $45.20 per ounce. Corn, soybeans and bean oil are higher and wheat mixed to start. The hot and mostly dry weather ahead following bullish corn data last week is driving early gains. USDA: Private exporters reported export sales of 136,000 mt (5 million bushels) of soybeans to China for 2026-27.

Posted 19:10 Sunday -- September corn is up 6 cents and August soybeans are up 11 3/4 cents. September KC wheat is up 11 1/4 cents, September Chicago wheat is up 9 3/4 cents, and September MIAX Minneapolis wheat is up 8 1/2 cents. August crude oil is up $2.46 and Dow Jones futures are down 92 points. The U.S. Dollar Index is up 0.12 and August gold is down $17.50. Row-crop futures are sharply higher on the open ahead of a hot and dry week forecasted across the U.S. Grain Belt, especially in the Northern Plains. Overall, neutral to bullish changes from USDA in Friday's WASDE are also likely supporting prices into the new week. As for wheat, Russia's halting of shipping through the Kerch Strait helped to fuel the bullish jump on Friday as well as Sunday evening, with a quarter of the world's largest wheat export program normally shipped out of the ports in the Sea of Azov.

Livestock

Posted 10:35 -- August live cattle are up $0.20 at $235.4, August feeder cattle are up $1.45 at $356.05, August lean hogs are down $0.05 at $98.95, December corn is up 5 3/4 cents per bushel and December soybean meal is down $1.50. The Dow Jones Industrial Average is down 257.79 points and the NASDAQ is down 347.07 points. Thanks to some renewed trader support, the cattle contracts are now trading higher into Monday's noon hour as traders hope that greater fundamental support will develop later in the week. New showlists appear to be mixed, higher in Texas and Nebraska/Colorado, but lower in Kansas.

Posted 08:34 -- August live cattle are down $0.08 at $235.125, August feeder cattle are down $0.80 at $353.8, August lean hogs are up $0.95 at $99.95, December corn is up 3 cents per bushel and December soybean meal is down $0.80. The Dow Jones Industrial Average is up 138.99 points and the NASDAQ is down 156.90 points. Following last week's downturn, the cattle contracts are keeping with the same lower trend as there's yet to be anything develop from a fundamental sense to turn the contracts higher. Meanwhile the lean hog complex is starting the week off mildly supported, hoping that strong consumer interest and strong packer demand will remain the theme this week.

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