DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is up 1/2 cent per bushel, November soybeans are down 15 3/4 cents, December KC wheat is down 9 1/4 cents, December Chicago wheat is down 8 1/4 cents and MIAX December Minneapolis wheat is down 0.0650 cents. The Dow Jones Industrial Average is down 331.24 points. The U.S. Dollar Index is up 0.530 and October crude oil is up $1.69 per barrel. December gold is up $73.60 per ounce. Heading into the Tuesday close, soybeans, soymeal and wheat remain under severe pressure, while bean oil gathers strength from the higher crude market, and corn has worked back toward unchanged to even slightly higher for the day. The elusive trade deal with China has set the stage for Tuesday's soy weakness. Wheat is being pressured by ABARES increase by 2.8 mmt of their Australian wheat crop estimate.

Posted 10:33 -- December corn is down 1 cent per bushel, November soybeans are down 15 1/4 cents, December KC wheat is down 10 1/4 cents, December Chicago wheat is down 8 3/4 cents and MIAX December Minneapolis wheat is down 0.1000 cents. The Dow Jones Industrial Average is down 493.50 points. The U.S. Dollar Index is up 0.470 and October crude oil is up $1.32 per barrel. December gold is up $62.80 per ounce. Soybeans and wheat remain down hard while the corn market has bounced to within a penny of unchanged. Soybeans and soymeal are under heavy pressure while bean oil is getting support from the stronger crude oil market.

Posted 08:34 -- December corn is down 4 1/2 cents per bushel, November soybeans are down 15 cents, December KC wheat is down 10 1/2 cents, December Chicago wheat is down 10 1/2 cents and MIAX December Minneapolis wheat is down 0.0975 cents. The Dow Jones Industrial Average is down 566.23 points. The U.S. Dollar Index is up 0.620 and October crude oil is up $0.78 per barrel. December gold is up $27.90 per ounce. Grain and soybean markets are down hard to begin the new week with soybeans leading the way down. The failure to get any sort of trade deal solidified with China late last week has really dampened any bullish enthusiasm in soybeans. The sharply higher dollar and lower equities are also casting a bearish pall over the markets.

Posted 19:05 Sunday -- December corn is down 3 1/4 cents per bushel, November soybeans are down 6 cents, December KC wheat is down 5 cents, December Chicago wheat is down 4 1/2 cents and MIAX December Minneapolis wheat is down 0.0800 cents. The Dow Jones Industrial Average futures price is down 22 points. The U.S. Dollar Index is down 0.120 and October crude oil is up $0.62 per barrel. December gold is up $35.70 per ounce. The weekend featured some good rain for parts of the western belt and Plains, but the southern and eastern Corn Belt could use some rain. The China trade representative left Washington without a trade deal in hand, and that will continue to weigh on beans. Russian wheat prices have again fallen in the past week as supplies are growing and importers are quiet. Trade estimates of the Russian wheat crop are moving higher. Grain and soy markets begin Monday night under heavy pressure.

Livestock

Posted 11:36 -- October live cattle are up $0.58 at $240.225, October feeder cattle are up $0.63 at $365.1, October lean hogs are up $0.60 at $95.625, December corn is down 2 cents per bushel and December soybean meal is down $5.40. The Dow Jones Industrial Average is down 525.19 points. All is quiet in cash cattle country near midday, asking prices have yet to be established, but will likely start out higher. Bids are nowhere to be found. New showlists appear to be mixed, higher in Texas, somewhat lower in Nebraska/Colorado, and lower in Kansas. Beef cutouts are lower at midday (choice 413.74 -1.67, select 387.18 -2.82) with generally light box movement (32 lds of choice cuts, 12 lds of select cuts, 04 lds of trim, and 06 lds of ground), with a choice/select spread of 26.56. Tuesday's projected cattle slaughter is 116,000. Pork cutouts at midday are 115.29, +0.97, with 150.53 total loads. Tuesday's projected hog slaughter is 476,000.

Posted 08:38 -- October live cattle is steady, October feeder cattle are down $0.25 at $364.225, October lean hogs are up $0.78 at $95.8, December corn is down 4 3/4 cents per bushel and December soybean meal is down $5.00. The Dow Jones Industrial Average is down 542.77 points. Last week had Southern live deals at $238 to mostly $242, $2 higher than the previous week's weighted averages. Northern dressed business had a full range of $380 to $392, mostly $385, steady with the bulk of the week before, but $1 lower than the prior week's weighted average basis Nebraska. This week, bids and asking prices have yet to be established, and significant trade volume will likely be delayed until well in to the second half of the week. The CME Feeder Index for Aug. 28, 2025, was $0.15 higher at $365.38, the projected CME Lean Hog Index for Aug. 28, 2025, was down $0.26, at $106.17.

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