OMAHA (DTN) — Posted 12:48 — July corn is down 8 cents per bushel, July soybeans are down 11 3/4 cents, July KC wheat is down 13 cents, July Chicago wheat is down 17 cents and MIAX July Minneapolis wheat is down 9 1/4 cents. The Dow Jones Industrial Average is down 431.52 points. The U.S. Dollar Index is up 0.310 and July crude oil is up $2.48 per barrel. August gold is down $53.40 per ounce. Heading for the Wednesday close, all of the ag markets except for bean oil are trading sharply lower, led by wheat and soybeans. KC July wheat is now down for the tenth consecutive day. Corn and soy markets are getting pummeled from fund liquidation on the idea of rapid planting and favorable weather.

OMAHA (DTN) — Posted 11:31 — August live cattle are up $0.13 at $239.775, August feeder cattle are down $0.95 at $347.475, July lean hogs are down $0.10 at $101.55, July corn is down 6 cents per bushel and July soybean meal is down $3.60. The Dow Jones Industrial Average is down 429.03 points and the NASDAQ is down 288.00 points. With fears above New World screwworm lingering, the cattle contracts continue to trade lower. Meanwhile a few sales were noted this morning in Nebraska at $405 but not enough cattle have traded to say that any sort of a trend has been established yet this week.

Monday, June 1

Ag Reports: Export Inspections 10:00 a.m., Grain Crushings & Co-Products 2:00 p.m., Crop Progress 3:00 p.m.

Tuesday, June 2

No Ag Reports Scheduled

Wednesday, June 3

Ag Reports: Broiler Hatchery 2:00 p.m.

Thursday, June 4

Ag Reports: Weekly Export Sales and Shipments 7:30 a.m., Dairy Products 2:00 p.m., Slaughter Weekly 2:00 p.m.

Friday, June 5

Ag Reports: CFTC Commitments of Traders 2:30 p.m.

***All times listed are Central***

This information compiled by Kim Ruberti, DTN associate editor. She can be reached at kim.ruberti@dtn.com

Markets

On Wednesday, the EIA will release the weekly Petroleum Status report at 9:30 a.m. CDT, including last week’s ethanol production. There are no other major reports scheduled. Traders will as always watch U.S. weather as well as the situation in the Middle East as fighting has again escalated through this week.

Weather

A system that has been spinning around the Northern Plains and Canadian Prairies is finally starting to push eastward on Wednesday, but will continue scattered showers and thunderstorms in the region throughout the day. Showers extend down through the Plains as well, producing some much-needed rainfall in some very dry areas of the country.