DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)

(Illustration by Nick Scalise)

Grains

OMAHA (DTN) — Posted 12:44 — December corn is up 3 cents per bushel, November soybeans are up 7 3/4 cents, September KC wheat is up 12 cents, September Chicago wheat is up 5 1/2 cents and September Minneapolis wheat is up 5 3/4. The Dow Jones Industrial Average is down 232.62 points. The U.S. Dollar Index is up 0.020 and August crude oil is up $3.53 per barrel. August gold is up $22.60 per ounce. Heading into the Friday close, wheat and soybean oil continue to show big gains, with corn and soy also higher. After China picked up close to a half-million metric tons of beans this a.m., rumor has them buying another 3-5 cargoes more today. Russia is hitting Ukraine shipping ports, impacting exports. In the U.S., heat and dryness continues to plague corn and soy yields. Funds have been sizable buyers of bean oil futures.

Posted 10:29 — December corn is up 2 cents per bushel, November soybeans are up 8 3/4 cents, September KC wheat is up 13 1/2 cents, September Chicago wheat is up 7 cents and September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is down 22.49 points. The U.S. Dollar Index is down 0.050 and August crude oil is up $2.21 per barrel. August gold is up $24.10 per ounce. At midmorning, soybean oil and wheat are accelerating gains, while corn is just moderately higher. November beans have again risen above the $12 level, fueled by new sales to China, Mexico and unknown destinations.

Posted 08:33 — December corn is up 2 cents per bushel, November soybeans are up 6 3/4 cents, September KC wheat is up 11 cents, September Chicago wheat is up 6 cents and September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is down 466.58 points. The U.S. Dollar Index is up 0.070 and August crude oil is up $2.67 per barrel. August gold is down $16.90 per ounce. USDA: Private exporters reported the following sales: 340,000 mt (12.5 mb) of soybeans to China for 2026/2027, 256,634 mt (9.4 mb) of soybeans to Mexico for 2026/2027 and 110,000 mt (4 mb) of soybeans to unknown destinations for 2026/2027. Grain and soy markets are stronger, led by KC wheat and bean oil.

Livestock 

Posted 11:28 — August live cattle are down $1.85 at $225.225, August feeder cattle are down $0.23 at $346.375, August lean hogs are up $1.25 at $101.525, December corn is up 2 1/2 cents per bushel and December soybean meal is down $2.90. The Dow Jones Industrial Average is down 139.98 points and the NASDAQ is down 293.71 points. No new cash cattle trade has developed and it’s looking like the bulk of this week’s cash cattle is done with. The lean hog contracts are continuing to rally as consumer demand is strong.

Posted 08:37 — August live cattle are down $0.40 at $226.675, August feeder cattle are up $0.18 at $346.775, August lean hogs are up $0.28 at $100.55, December corn is up 1/2 cent per bushel and December soybean meal is down $2.10. The Dow Jones Industrial Average is down 443.74 points and the NASDAQ is down 530.12 points. The livestock complex is keeping with its recent trend at Friday’s open — with the cattle contracts trading lower while the hog complex continues to scale higher. No bids are on the table this morning in the cash market and it’s likely that the week’s business is done with.

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