DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

Dana Mantini
By  Dana Mantini , Senior Market Analyst
(Illustration by Nick Scalise)
Grains

Posted 08:34 -- December corn is down 3 1/2 cents per bushel, November soybeans are up 7 cents, December KC wheat is down 2 cents, December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is down 5 1/4 cents. The Dow Jones Industrial Average is up 144.57 points and October crude oil is up $1.66 per barrel. The U.S. Dollar Index is down 0.710 and December gold is up $10.60 per ounce. The markets are little changed early Monday ahead of the September WASDE report, with the soy complex firm, and corn and wheat slightly lower to begin. The focus will likely be on corn, with drops in yield, production and harvested acres likely.

Posted 19:09 Sunday -- December corn is down 4 3/4 cents per bushel, November soybeans are down 5 3/4 cents, December KC wheat is down 6 1/2 cents, December Chicago wheat is down 7 cents and December Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is up 45 points, and October crude oil is down $0.73 per barrel. The U.S. Dollar Index is down 0.220, and December gold is up $0.10 per ounce. Grain and soybeans start off down a bit ahead of the all-important September WASDE report on Monday. The week ahead looks to be very volatile, with the report, followed by the Labor Department report on inflation on Tuesday, and talk of a possible railroad strike as union talks broke down. There was some rain over the weekend, but the West and Plains remain dry.

Livestock

OMAHA (DTN) -- October live cattle are up $0.20 at $145.875, October feeder cattle are up $0.33 at $185.9, October lean hogs are up $0.05 at $93.225, December corn is down 3 cents per bushel and December soybean meal is up $3.00. The Dow Jones Industrial Average is up 145.39 points. The corn complex is starting the week lower, but the live cattle and feeder cattle contracts are trending higher at Monday's start. Feedlots are hopeful they'll see more interest in this week's cash market as packers have been diligent about suppressing the market around the Labor Day weekend.

Dana Mantini