Futures

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)


OMAHA (DTN) — Posted 08:35 — July corn is down 2 1/2 cents per bushel, November soybeans are down 6 3/4 cents, September KC wheat is down 13 1/4 cents, September Chicago wheat is down 14 1/4 cents and MIAX September Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is down 223.02 points. The U.S. Dollar Index is down 0.330 and August crude oil is down $2.28 per barrel. August gold is up $16.30 per ounce. Grain and soy markets are all lower, led by wheat with KC and Minneapolis falling to new recent lows. Despite the outlook for a heat dome to enter the Central U.S. next week, crop conditions remain good. The failure to see any confirmation of China rumors today has likely pressured soybeans. The warmer and drier outlook next week will allow the winter wheat harvest to expand.

Posted 08:32 — August live cattle are down $0.35 at $246.875, August feeder cattle are down $0.75 at $372.55, August lean hogs are up $0.83 at $97.425, July corn is down 2 cents per bushel and July soybean meal is down $3.80. The Dow Jones Industrial Average is down 159.56 points and the NASDAQ is down 274.53 points. The livestock complex is off to a mixed start as the cattle contracts have softened without any support from the cash market yet this week. Current there are not bids on the table but packer interest will need to improve soon as the market needs to trade.

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