DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:42 -- December corn is up 3 cents per bushel, November soybeans are up 18 3/4 cents, December KC wheat is up 5 1/2 cents, December Chicago wheat is up 7 3/4 cents and December MIAX wheat is up 10 3/4 cents. The Dow Jones Industrial Average is down 352.16 points. The U.S. Dollar Index is up 0.190 and October crude oil is up $5.69 per barrel. December gold is down $63.40 per ounce. Heading for the Thursday close, soybeans and soy products are on fire on additional China business and rising biofuel margins. Spot WTI crude oil has rallied close to $6 to near $102 per barrel, stoking more inflation fears. Wheat and corn are also trading higher but have slipped from the morning highs.

Posted 10:29 -- December corn is up 4 3/4 cents per bushel, November soybeans are up 19 1/2 cents, December KC wheat is up 3 3/4 cents, December Chicago wheat is up 7 3/4 cents and December MIAX wheat is up 11 1/4 cents. The Dow Jones Industrial Average is down 229.37 points. The U.S. Dollar Index is up 0.110 and October crude oil is up $4.26 per barrel. December gold is down $54.70 per ounce. At mid-morning, soybeans and soy products are sharply higher with wheat and corn higher as well. Crude oil continues to rise with spot crude now approaching $101 per barrel. Crude oil is up for the ninth time in the past 10 days as the U.S.-Iran conflict heats up.

Posted 08:30 -- December corn is up 3 3/4 cents per bushel, November soybeans are up 10 1/4 cents, December KC wheat is up 2 cents, December Chicago wheat is up 4 1/2 cents and December MIAX wheat is up 4 cents. The Dow Jones Industrial Average is down 216.00 points. The U.S. Dollar Index is up 0.280 and October crude oil is up $3.89 per barrel. December gold is down $63.40 per ounce. USDA: Private exporters reported the following sales activities: 272,000 mt (10 million bushels) of soybeans to China for 2026/2027 and 206,500 mt (7.6 mb) of soybeans to unknown destinations for 2026/2027. Grain and soy markets are strong early Thursday as crude oil is up nearly $4 per barrel.

Livestock

Posted 11:42 -- October live cattle are down $0.03 at $215.825, October feeder cattle are down $0.83 at $325., October lean hogs are up $0.18 at $83.25, December corn is up 4 3/4 cents per bushel and December soybean meal is up $4.60. The Dow Jones Industrial Average is down 311.84 points and the NASDAQ is down 144.61 points. Bids of $340 to $348 are currently being offered in Nebraska but no cattle have traded yet. And at this point with packer's lack behavior this week, it's likely that the week's trade could be delayed until Friday.

Posted 08:33 -- October live cattle are down $0.13 at $215.725, October feeder cattle are down $0.45 at $325.375, October lean hogs are up $0.38 at $83.45, December corn is up 2 1/4 cents per bushel and December soybean meal is up $2.50. The Dow Jones Industrial Average is down 286.60 points and the NASDAQ is down 231.39 points. With no cash cattle trade having developed yet, the cattle contracts remain hesitant to being overly eager to trade higher. No bids are on the table but packer interest should improve throughout the day.

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