Futures

Periodic Updates on the Grains, Livestock Futures Markets

Posted 08:30 — July corn is down 2 cents per bushel, July soybeans are up 7 3/4 cents, July KC wheat is down 8 cents, July Chicago wheat is down 3 cents and MIAX July Minneapolis wheat is down 6 1/2 cents. The Dow Jones Industrial Average is down 184.89 points. The U.S. Dollar Index is up 0.180 and June crude oil is up $1.02 per barrel. June gold is down $74.60 per ounce. Soybeans and soy products are modestly higher with bean oil having set another new contract high and coming off seven consecutive higher closes. Corn is lower and wheat is taking a hit on the prospect for some of the driest HRW areas to get some moisture this week.

Posted 19:12 Sunday — July corn is up 1/4 cents and July soybeans are up 2 1/2 cents. July KC wheat is up 3/4 cents, July Chicago wheat is up 1/2 cents, and July MIAX Minneapolis wheat is down 5 cents. June crude oil is up $0.09 and Dow Jones futures are up 40 points. The U.S. Dollar Index is down 0.01 and June gold is down $24.00. Row crop futures are mostly mixed to begin trade Sunday evening, with weather across the Midwest to take center stage later this week with well below average temperatures forecasted across the U.S. grain belt. Traders will be watching for reports of damage to newly emerged crops. Meanwhile, hard red wheat crops in Nebraska, Kansas, and Colorado are slated to receive much needed precipitation this week, though it may be mostly in the form of snow. In outside markets, President Trump announced on Sunday that the U.S. will begin “guiding” ships through the Strait of Hormuz, but few additional details have emerged as to the extent of the plan. The U.S. and Iran have reportedly been in contact over the weekend, but for now the crude oil (and other energy markets) are trading marginally higher with both Brent and WTI futures still above the $100 per barrel mark.

Posted 11:43 — June live cattle are down $1.90 at $251.1, August feeder cattle are down $6.28 at $365.9, June lean hogs are down $0.83 at $100.45, July corn is up 5 1/2 cents per bushel and July soybean meal is up $3.10. The Dow Jones Industrial Average is down 488.60 points and the NASDAQ is down 116.74 points. Without enough fundamental support evident throughout the marketplace, the livestock contracts are trading lower into Monday’s noon hour. New showlists appear to be mixed, higher in Nebraska/Colorado, about steady in Texas, but lower in Kansas.

Posted 08:39 — June live cattle are down $0.23 at $252.775, August feeder cattle are down $0.15 at $372.025, June lean hogs are up $0.55 at $101.825, July corn is down 1 1/2 cents per bushel and July soybean meal is up $2.30. The Dow Jones Industrial Average is down 154.46 points and the NASDAQ is down 9.04 points. At Monday’s start, the cattle contracts are trading mildly lower while the lean hog complex pushes slightly higher. It will be interesting to note the mandatory cattle reports today and see exactly how high the market’s weighted average rallied to last week — as new all time highs were inevitably reached.

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