DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:35 -- December corn is down 5 1/2 cents per bushel, November soybeans are down 5 1/2 cents, September KC wheat is down 4 1/4 cents, September Chicago wheat is down 3 3/4 cents and MIAX September Minneapolis wheat is down 2 1/4 cents. The Dow Jones Industrial Average is down 54.47 points. The U.S. Dollar Index is up 0.320 and August crude oil is down $0.52 per barrel. August gold is down $63.50 per ounce. Heading into the Thursday close, all the grain and soy markets are correcting except for soymeal. We have seen a pretty good rally in prices but each market had become overbought. Rumors have China buying six to eight cargoes of U.S. soybeans. Weather both in the U.S. and Europe remains concerning for crops.

Posted 10:36 -- December corn is down 5 cents per bushel, November soybeans are down 3/4 cent, September KC wheat is down 5 cents, September Chicago wheat is down 4 cents and MIAX September Minneapolis wheat is down 2 1/2 cents. The Dow Jones Industrial Average is up 140.31 points. The U.S. Dollar Index is up 0.230 and August crude oil is down $0.19 per barrel. August gold is down $35.60 per ounce. Grain and soy markets, with the exception of soymeal, are correcting from recent gains as each market had become overbought technically. Nothing has really changed with the heat in both the U.S. and western Europe likely to compromise crops.

Posted 08:32 -- December corn is down 1/4 cent per bushel, November soybeans are up 1/4 cent, September KC wheat is down 1 1/2 cents, September Chicago wheat is up 3 1/2 cents and MIAX September Minneapolis wheat is steady. The Dow Jones Industrial Average is up 114.18 points. The U.S. Dollar Index is up 0.090 and August crude oil is up $0.38 per barrel. August gold is down $44.80 per ounce. Grain and soy markets are mixed in slow trade early Thursday with only Chicago wheat firmer as funds continue to reel in shorts.

Livestock

Posted 11:36 -- August live cattle are down $3.70 at $226.425, August feeder cattle are down $5.08 at $344.875, August lean hogs are down $0.05 at $100.275, December corn is down 5 1/4 cents per bushel and December soybean meal is up $1.90. The Dow Jones Industrial Average is down 56.03 points and the NASDAQ is down 241.32 points. Aside from some cash cattle trade developing in Kansas at $237 to $238 which is $10.00 to $11.00 lower than last week's weighted average, the market is idle at this point elsewhere. And at this point it's likely that the vast majority of the week's trade is done with.

Posted 08:36 -- August live cattle are down $0.65 at $229.475, August feeder cattle are down $0.55 at $349.4, August lean hogs are up $0.23 at $100.55, December corn is down 1 1/4 cents per bushel and December soybean meal is up $2.20. The Dow Jones Industrial Average is up 58.60 points and the NASDAQ is down 205.65 points. Thursday's export report shared that beef net sales of 8,000 mt for 2026 were down 43% from the previous week and 45% from the prior 4-week average. The three largest buyers were Japan (2,400 mt), Canada (1,900 mt) and Mexico (1,200 mt). Pork net sales of 21,600 mt for 2026 were up 22% from the previous week but down 12% from the prior four week average. The largest buyers were Mexico (9,100 mt), Japan (7,100 mt) and Canada (1,400 mt).

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