DTN's Quick Takes

By DTN Analysts

Grains

Posted 10:32 -- December corn is up 1/4 cents and November soybeans are down 3 cents. December KC wheat is up 3 1/2 cents, December Chicago wheat is up 1 1/4 cents, and December MIAX Minneapolis wheat is up 2 cents. November crude oil is down $2.37 and Dow Jones futures are down 69 points. The U.S. Dollar Index is down 0.26 and December gold is up $48.50. At midmorning, grain markets have taken on a more mixed nature with corn futures rallying back to even, likely borrowing some strength from the wheat complex which is benefiting from technical support just above the $5.00 mark for December KC futures. Soybeans remain lower but about a nickel above the daily low as traders remain unconvinced of sending prices to a test of $10.00 with the jury still out on 2025 yields.

Posted 08:47 -- December corn is down 2 1/2 cents and November soybeans are down 5 1/2 cents. December KC wheat is up 1 cents, December Chicago wheat is down 1 cents, and December MIAX Minneapolis wheat is up 1/4 cents. November crude oil is down $1.88 and Dow Jones futures are down 51 points. The U.S. Dollar Index is down 0.36 and December gold is up $47.70. Grain markets are mostly lower to begin Monday's day session. With not a lot of fresh news, harvest pressure is the main feature of the market to open the week amid a good window of dry and warm weather across the U.S. Grain Belt.

Posted 19:07 Sunday -- December corn is down 1 1/4 cents and November soybeans are down 3 cents. December KC wheat is down 2 cents, December Chicago wheat is down 2 1/4 cents, and December MIAX Minneapolis wheat is down 3/4 cents. November crude oil is down $0.68 and Dow Jones futures are up 47 points. The U.S. Dollar Index is down 0.05 and December gold is down $13.70. Grain markets are slightly lower Sunday evening following a remarkably quiet trade last week which saw corn and wheat December contracts lose just 2 cents through the week, meanwhile November soybean futures were down 11 3/4 cents on the week although the majority of those losses came in just one session (Monday). Thus far strong demand for U.S. corn has been supporting prices, but technical and harvest pressures may begin to emerge as a dry and warm week should allow for a rapid acceleration of harvest across the Grain Belt. As for soybeans, price action through the balance of last week suggests traders are satisfied for now with having priced in their demand concerns amid China's ongoing boycott of U.S. soybeans, awaiting further yield updates to decide their next round of price bets.

Livestock

OMAHA (DTN) -- December live cattle are down $0.93 at $233.375, November feeder cattle are down $0.98 at $353.5, December lean hogs are down $0.43 at $90.625, December corn is down 1/4 cent per bushel and December soybean meal is up $1.90. The Dow Jones Industrial Average is down 37.34 points and NASDAQ is up 132.04 points. The livestock complex is trading mostly mixed at Monday's noon hour as traders are looking for reassurance as to which way they should send the contracts. New showlists appear to be mixed, higher in Kansas, but lower in Texas and Nebraska/Colorado.

Posted 08:38 -- December live cattle are down $0.53 at $233.775, November feeder cattle are up $0.53 at $355., December lean hogs are down $0.48 at $90.575, December corn is down 2 1/2 cents per bushel and December soybean meal is up $1.90. The Dow Jones Industrial Average is up 83.26 points and NASDAQ is up 148.81 points. Following Friday's weaker close, the cattle complex is off to a mostly higher start at Monday's open although the nearby live cattle contracts are again trading lower. There were quite a few cattle noted for the deferred delivery option in last week's trade, so it will be important to note this morning's commitment report to see exactly how many cattle packers got bought as that will indicate how aggressive they could be in this week's cash cattle market.

(c) Copyright 2025 DTN, LLC. All rights reserved.