DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:46 -- December corn is up 3 cents per bushel, November soybeans are down 3 cents, September KC wheat is up 7 3/4 cents, September Chicago wheat is up 3 1/4 cents and MIAX September Minneapolis wheat is up 10 3/4 cents. The Dow Jones Industrial Average is up 433.81 points. The U.S. Dollar Index is up 0.180 and September crude oil is up $2.00 per barrel. August gold is up $55.30 per ounce. Heading for the Tuesday close corn, wheat and soymeal are all still higher, while soybeans and bean oil are down. Bean oil has divorced itself from the rising crude oil market on increased Middle East tensions and strikes.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]

Posted 10:30 -- December corn is down 1 cent per bushel, November soybeans are down 8 cents, September KC wheat is down 3 cents, September Chicago wheat is down 5 3/4 cents and MIAX September Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is up 350.46 points. The U.S. Dollar Index is up 0.160 and September crude oil is up $2.04 per barrel. August gold is up $65.70 per ounce. At midmorning corn is mixed, wheat and soybeans are lower in a correction of recent gains. Bean oil futures are lower despite the strength in crude oil. There is very little news on a low volume day.

Posted 08:35 -- December corn is down 2 1/4 cents per bushel, November soybeans are down 3 cents, September KC wheat is down 2 1/2 cents, September Chicago wheat is down 4 cents and MIAX September Minneapolis wheat is down 3 1/2 cents. The Dow Jones Industrial Average is up 208.06 points. The U.S. Dollar Index is up 0.130 and September crude oil is up $1.87 per barrel. August gold is up $44.70 per ounce. Grain and soy markets are mixed to mostly lower early Tuesday. As the fighting escalates in both the U.S.-Iran war and the Russia-Ukraine war, premium had recently been added to prices. That coupled with the warmer and drier forecast ahead has underpinned grain and soy markets. This is just a correction.

Livestock

Posted 11:42 -- October live cattle are down $0.33 at $222.975, August feeder cattle are down $2.70 at $349.3, October lean hogs are up $0.50 at $88.225, December corn is up 1 1/4 cents per bushel and December soybean meal is up $3.50. The Dow Jones Industrial Average is up 487.28 points and the NASDAQ is up 336.97 points. The livestock complex is again trading mixed into Tuesday's noon hour as the cattle complex yearns for greater fundamental support but the lean hog complex is fortunate enough to have ample support. Still no cash cattle trade has developed and bids and asking prices remain elusive.

Posted 08:38 -- October live cattle are up $0.60 at $223.9, August feeder cattle are down $0.08 at $351.925, October lean hogs are up $0.30 at $88.025, December corn is down 2 1/4 cents per bushel and December soybean meal is up $1.20. The Dow Jones Industrial Average is up 202.94 points and the NASDAQ is up 213.39 points. Following Monday's higher close, the livestock contracts are continuing to trade higher. Still no cash cattle trade has developed, and bids and asking prices both remain elusive at this point.

P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]