DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- December corn is up 6 1/2 cents per bushel, November soybeans are up 11 1/2 cents, September KC wheat is up 3/4 cent, September Chicago wheat is down 1/2 cent and September Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is down 120.23 points and September crude oil is down $0.24 per barrel. The U.S. Dollar Index is down 0.330 and December gold is down $4.30 per ounce. USDA reported more new soybean sales to China and unknown, with 197,000 mt (7.2 mb) of new crop sold to China and another 202,000 mt (7.4 mb) of new crop sold to unknown. Also, 110,000 mt of U.S. corn was sold to unknown, with 30,000 mt (2.2 mb) for 2019-20 and 80,000 mt (3.1 mb) sold for 2020-21.

Livestock

Posted 08:34 -- October live cattle are up $0.15 at $109.725, September feeder cattle are up $0.03 at $147.975, October lean hogs are up $0.05 at $51.65, December corn is up 7 cents per bushel and December soybean meal is up $4.40. The Dow Jones Industrial Average is down 123.78 points and NASDAQ is up 229.42 points. Thursday's export report showed beef sales of 11,600 mt, down 13% from the previous week and 46% from the prior 4-week average. The three primary buyers were Japan (2,900 mt, including decreases of 500 mt), China (1,900 mt) and Canada (1,400 mt, including decreases of 100 mt). Pork net sales of 10,500 mt were down 66% from the previous week and 70% from the prior 4-week average. The three primary buyers were Mexico (8,800 mt, including decreases of 200 mt), Japan (2,700 mt, including decreases of 900 mt) and Canada (1,600 mt, including decreases of 400 mt).