DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 2 1/2 cents per bushel, November soybeans are down 6 3/4 cents, September KC wheat is up 12 1/2 cents, September Chicago wheat is up 12 cents and September MIAX wheat is up 6 3/4 cents. The Dow Jones Industrial Average is up 435.61 points. The U.S. Dollar Index is down 0.160 and September crude oil is down $0.08 per barrel. December gold is up $107.30 per ounce. USDA: private exporters reported sales of 120,000 mt (4.7 mb) of corn to Mexico -- 30,000 mt (1.2 mb) is for 2026/2027 and 90,000 mt (3.5 mb) is for 2027/2028. Corn and beans are under pressure on the wet forecast ahead through mid-August. Wheat is rallying as reciprocal attacks between Russia and Ukraine continue to hamper Black Sea exports.

Livestock

Posted 08:36 -- October live cattle are up $0.68 at $228.575, September feeder cattle are up $1.23 at $347.375, October lean hogs are down $0.93 at $83.425, December corn is down 3 cents per bushel and December soybean meal is down $2.60. The Dow Jones Industrial Average is up 387.92 points and the NASDAQ is up 96.81 points. The livestock complex is off to a mixed start as the cattle contracts continue to rally mildly but the lean hog complex is reluctant to do so with consumer demand wavering. No business has developed yet in the cash cattle market and bids and asking prices remain elusive at this point.

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