Posted 10:34 — December corn is down 14 3/4 cents per bushel, November soybeans are down 31 1/2 cents per bushel. September KC wheat is down 22 1/4 cents per bushel, September Chicago wheat is down 20 1/4 cents per bushel and September Minneapolis wheat is down 17 cents. The Dow Jones Industrial Average is up 47.97 points at 39,423.84 and the U.S. Dollar Index is up 0.050 at 104.92 and August crude oil is down $0.47 per barrel at $82.69. Grain and soy markets continue to crumble on Monday, with December corn falling to a new low and November beans down almost 32. Wheat is down as much as 22, as funds are no doubt adding to bearish positions in all but soymeal.
Posted 08:37 — December corn is down 7 3/4 cents per bushel, November soybeans are down 23 3/4 cents per bushel. September KC wheat is down 18 1/4 cents per bushel, September Chicago wheat is down 16 cents per bushel and September Minneapolis wheat is down 12 1/4 cents. The Dow Jones Industrial Average is up 208.78 points at 39,584.65. The U.S. Dollar Index is down 0.060 at 104.82 and August crude oil is down $0.65 per barrel at $82.51. USDA announced a new corn sale to unknown destinations for 135,636 mmt, or 5.34 mb. Of that, 50,800 mt (2 mb) was for 2023-24, and 84,836 mt (3.34 mb) was for 2024-25. Grain and soy markets remain under heavy pressure on the favorable weather forecast.
Posted 19:11 (07/07) — After the Sunday evening open, December corn is down 1 1/4 cents and November soybeans are down 6 1/2 cents. According to Reuters, Tropical Story Beryl is expected to become a Category 2 hurricane as it reaches Houston early Monday, delivering heavy rains from eastern Texas to southern Ontario by Thursday. The northwestern Plains received more rain over the weekend but crops are expected to benefit from a drier forecast the next seven days. September KC wheat is down 3 3/4 cents and September Minneapolis wheat is down 2 cents. Outside markets are mostly quiet with August crude oil down $0.01 and Dow Jones futures down 59 points. The U.S. Dollar Index is up 0.08 and August gold is down $4.80. According to MarketWatch.com, an excessive heat warning is affecting 36 million people in the western U.S.
Posted 11:49 — August live cattle are down $1.10 at $185.325, August feeder cattle are down $0.43 at $261.05, August lean hogs are up $0.65 at $89.825, December corn is down 17 1/2 cents per bushel and December soybean meal is down $11.50. The Dow Jones Industrial Average is down 30.73 points. Even with midday boxed beef prices higher, traders are cautiously trading both the live cattle and feeder cattle contracts as they want to see what this week’s fed cash cattle market does. New showlists appear to be somewhat higher in Nebraska/Colorado, and higher in Kansas and Texas.
Posted 08:44 — August live cattle are up $0.05 at $186.475, August feeder cattle are up $0.53 at $262.00, August lean hogs are up $0.70 at $89.875, December corn is down 9 1/2 cents per bushel and December soybean meal is down $8.80. The Dow Jones Industrial Average is up 258.18 points. Following last week’s shortened holiday week, the livestock complex is off to a mixed start as traders dive into the marketplace and reassess fundamental support and overall demand. Seeing exactly how many cattle sold last week in the cash market will be key in helping determine how this week’s cash market will trade.
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Source: Periodic Updates on the Grains, Livestock Futures Markets
