DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 1/4 cent and January soybeans are up 3 1/4 cents. December KC wheat is down 2 1/2 cents, December Chicago wheat is down 2 1/4 cents, and December MIAX Minneapolis wheat is down 1 1/4 cents. December crude oil is down $0.33 and Dow Jones futures are up 268 points. The U.S. Dollar Index is down 0.09 and December gold is up $41.90. Row crop futures are quietly mixed to open the new week. Price action this week will center around the Tuesday release of USDA's November crop reports, in which expectations are for a slight cut to the U.S. corn crop forecast but for an increase to the soybean crop size. Wheat futures will likely see positioning ahead of trilateral negotiations between Russia, Ukraine and the U.S. this upcoming weekend in Abu Dhabi, though at this point U.S. wheat markets have removed all war-related risk premium from prices over a remarkable 10 straight lower weeks for winter wheat futures. In other outside market news, President Trump said on Sunday that he sees further strikes against Iran as currently 'unlikely' as negotiations continue. Energy markets will of course continue to watch that situation closely through this upcoming week.

Livestock