DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:28 -- December corn is down 3 3/4 cents per bushel, November soybeans are down 2 1/2 cents, September KC wheat is up 7 1/4 cents, September Chicago wheat is up 7 3/4 cents and MIAX September Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is down 0.69 points. The U.S. Dollar Index is down 0.460 and August crude oil is up $0.60 per barrel. August gold is up $85.80 per ounce. At midmorning wheat has reversed early weakness to trade higher. Corn and soybeans, along with bean oil, are lower. Spot crude oil futures have retreated nearly $3 per barrel from the early high.

Posted 08:32 -- December corn is down 3 1/2 cents per bushel, November soybeans are down 3 1/4 cents, September KC wheat is up 3/4 cent, September Chicago wheat is up 1 cent and MIAX September Minneapolis wheat is down 1 1/4 cents. The Dow Jones Industrial Average is down 137.59 points. The U.S. Dollar Index is down 0.510 and August crude oil is up $2.35 per barrel. August gold is up $78.60 per ounce. With the exception of bean oil futures, grain and soy markets are mostly mixed to weaker to start. Crude oil is again stronger following the end to Iran ceasefire and resumption of bombing.

Livestock

Posted 08:31 -- August live cattle are down $0.95 at $233.775, August feeder cattle are down $1.98 at $352.375, August lean hogs are up $0.23 at $98.325, December corn is down 5 1/2 cents per bushel and December soybean meal is down $0.70. The Dow Jones Industrial Average is down 122.82 points and the NASDAQ is up 122.31 points. The livestock complex is again trading mixed but mostly lower as the cattle contracts are weaker at the day's start, and aside from the nearby lean hog contracts, the hog complex is lower too. No bids or asking prices have surfaced yet in the cash cattle market.

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