DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:40 -- December corn is up 9 1/2 cents per bushel, November soybeans are down 13 1/4 cents, December KC wheat is down 1 3/4 cents, December Chicago wheat is up 3 1/4 cents and December MIAX wheat is down 1 cent. The Dow Jones Industrial Average is up 59.28 points. The U.S. Dollar Index is up 0.240 and October crude oil is down $2.12 per barrel. December gold is up $17.60 per ounce. Heading for the Monday close corn and soymeal futures are still higher while bean oil and bean futures are each down hard. Wheat is mixed with only Chicago still in the green. There is very little additional news that might impact the market.

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Posted 10:42 -- December corn is up 9 3/4 cents per bushel, November soybeans are down 19 1/4 cents, December KC wheat is down 2 cents, December Chicago wheat is up 3 1/4 cents and December MIAX wheat is down 2 1/4 cents. The Dow Jones Industrial Average is up 147.60 points. The U.S. Dollar Index is up 0.160 and October crude oil is down $2.23 per barrel. December gold is up $40.00 per ounce. At mid-morning corn is still up sharply on the crop tour yield estimate, while beans are lower after the tour pegged the soy yield at a new record high. Wheat is mixed but well off the early morning highs as the Black Sea shipping issues still remain.

Posted 08:33 -- December corn is up 8 3/4 cents per bushel, November soybeans are down 10 1/2 cents, December KC wheat is up 5 3/4 cents, December Chicago wheat is up 9 cents and December MIAX wheat is up 3 1/2 cents. The Dow Jones Industrial Average is up 72.64 points. The U.S. Dollar Index is up 0.130 and October crude oil is down $1.21 per barrel. December gold is up $53.20 per ounce. Corn and soybeans are moving in opposite directions after last week's crop tour slashed corn yield and printed a record-large bean yield. Wheat is modestly higher on the continued Black Sea export problems. Bean oil is down hard with crude oil weakness.

Posted 19:12 Sunday -- December corn is up 9 1/4 cents and November soybeans are down 3 1/2 cents. September KC wheat is up 6 1/4 cents, September Chicago wheat is up 6 3/4 cents, and September MIAX Minneapolis wheat is up 3/4 cents. October crude oil is down $1.01 and Dow Jones futures are up 3 points. The U.S. Dollar Index is unchanged and December gold is up $9.90. To begin the new week, corn futures are strong out of the gate after ProFarmer's Midwest tour estimated an average U.S. corn yield of 173.2 bushels per acre (bpa) -- considerably lower than the 180.7 bpa USDA forecast and would be the lowest U.S. yield in six years if accurate. Meanwhile, soybeans are under mild pressure after the same tour found a record yield forecast of 53.3 bpa, which would extend the already record large 2026 crop forecast if realized. Overall, grain futures enter the final trading week of August on a hot streak, with wheat also supported by the ongoing export cutoff in the Black Sea.

Livestock

Posted 11:43 - October live cattle are down $3.63 at $214.3, September feeder cattle are down $5.40 at $323.625, October lean hogs are up $0.28 at $81.15, December corn is up 13 3/4 cents per bushel and December soybean meal is up $4.00. The Dow Jones Industrial Average is up 128.76 points and the NASDAQ is down 103.68 points. New showlists for the week are lighter in Texas and Kansas, but slightly higher in Nebraska. With Mexican cattle imports resuming today at the Douglas, Arizona port, both the live cattle and feeder cattle contracts are trading lower.

Posted 08:32 -- October live cattle are up $0.55 at $218.475, September feeder cattle are up $0.98 at $330., October lean hogs are steady, December corn is up 9 cents per bushel and December soybean meal is up $0.50. The Dow Jones Industrial Average is up 32.49 points and the NASDAQ is down 146.68 points. The livestock complex is off to a mostly stronger start at Monday's open as traders hope that fundamental support will be greater throughout the week. Today Mexican cattle imports resume beginning at the Douglas, Arizona port.

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