Market Updates
As of 10:29, July corn rose by 4.25 cents per bushel, July soybeans increased by 3.5 cents, September KC wheat was up 9.5 cents, July Chicago wheat climbed 12 cents, and MIAX September Minneapolis wheat gained 6.5 cents. The Dow Jones Industrial Average saw an increase of 175.64 points. The U.S. dollar index ticked up by 0.140, while July crude oil prices rose by 92 cents per barrel. August gold experienced a boost of $20.30 an ounce. Overall, grain prices and soybean markets are maintaining their heights, though soybean oil has taken a hit with falling prices.
At 8:31, July corn recorded an increase of 4.75 cents per bushel, July soybeans were up 7.25 cents, September KC wheat rose by 11 cents, July Chicago wheat jumped by 13.25 cents, and MIAX September Minneapolis wheat went up by 7 cents. The Dow Jones Industrial Average increased by 4.67 points, with the U.S. dollar index rising by 0.090 and July crude oil up by 88 cents per barrel. However, August gold dipped by $1.40 an ounce. According to the USDA, private exporters reported selling 372,000 tons of soybeans to unspecified destinations. Out of this total, 60,000 tons are for the 2025/2026 period and 312,000 tons are for 2026/2027. Could some of this be headed for China? The grain and soybean markets are showing a strong uptick as they open.
The latest update at 11:27 showed August live beef dropping by $0.55 to $248.65, while August feed beef fell by $1.00 to $365.875. August lean hog prices increased by $1.13 to $96.175. July corn noted a rise of 4.75 cents per bushel, even as July soybean meal decreased by $0.20. The Dow Jones Industrial Average went up by 221.32 points, with the Nasdaq gaining 42.45 points. The cash cow trade isn’t fully developed yet, but Texas is reporting asking prices ranging from $260 to $262. It seems negotiations might be postponed until Thursday, as feedlot managers are waiting for additional funding.
In an earlier post at 08:36, August Live Cattle fell by $0.70 to $248.5, while August Feed Cattle declined by $0.60 to $366.275, and August Lean Hogs remained stable. July Corn increased by 4.25 cents per bushel, and July Soybean Meal rose by $2.50. The Dow Jones Industrial Average was up by 49.66 points, complemented by a 83.42 point rise in the Nasdaq. Cattle contracts are displaying more caution following Tuesday’s rally, as traders are hoping for more substantial support. The cash cow trade remains underdeveloped, with bids and asking prices yet to be established.
