DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- December corn is up 5 cents per bushel, November soybeans are down 6 3/4 cents, December KC wheat is up 26 cents, December Chicago wheat is up 28 cents and December Minneapolis wheat is up 17 1/4 cents. The Dow Jones Industrial Average is up 409.36 points and November crude oil is up $0.71 per barrel. The U.S. Dollar Index is down 0.200 and December gold is up $2.60 per ounce. It's all about wheat on Friday, with Paris milling wheat again surging to another new contract high and closing higher for the eight consecutive day. U.S. wheat markets are sharply higher, led by winter wheat markets following the surprisingly bullish production and stocks data provided by the USDA.

Posted 10:33 -- December corn is up 5 cents per bushel, November soybeans are down 8 1/2 cents, December KC wheat is up 23 3/4 cents, December Chicago wheat is up 27 1/4 cents and December Minneapolis wheat is up 19 1/4 cents. The Dow Jones Industrial Average is up 186.29 points and November crude oil is up $0.09 per barrel. The U.S. Dollar Index is down 0.120 and December gold is up $2.10 per ounce. Wheat markets are skyrocketing, led by Chicago wheat, following Thursday's surprisingly bullish production and stocks data. Minneapolis December wheat has now rallied back to within a few cents of the contract high. Soybeans are reflecting bearish production and stocks changes from the same report.

Posted 08:34 -- December corn is up 1 1/4 cents per bushel, November soybeans are down 3 1/2 cents, December KC wheat is up 11 1/4 cents, December Chicago wheat is up 11 1/2 cents and December Minneapolis wheat is up 7 1/2 cents. The Dow Jones Industrial Average is up 201 points and November crude oil is down $0.09 per barrel. The U.S. Dollar Index is down 0.210 and December gold is up $0.40 per ounce. Soybeans start off lower again following the surprisingly large increase in soybean ending stocks, while the wheat markets surge again on bullish production and stocks data, as detailed in Thursday's USDA stocks and small grains report.

Livestock

Posted 11:42 -- October live cattle are up $0.70 at $121.27. October feeder cattle are up $0.67 at $153.22. October lean hogs are up $0.40 at $92.00. December corn is up 2 cents at $5.38 3/4 per bushel. October soybean meal is down $0.20 at $326.00 per ton. The Dow is up 186 points. The NASDAQ is down 47 points. The dollar is down 21 points. Cattle shows a slight rebound after a week on continued pressure. Some profit taking is being done prior to the weekend. Slaughter Friday is estimated at 116,000 head. Hogs are mixed with October higher while a few later contracts are lower. There is some position adjusting prior to the weekend. The positive aspect is that futures are holding much of the gains this week. Hog slaughter is projected at 473,000 head.

Posted 09:59 -- December live cattle are up a dime and November feeders are up 80 cents, while December corn is up 2 cents. Cash trade has been steady to lower so far this week, and Friday's cattle slaughter is estimated by Dow Jones at 116,000. December lean hogs are down 27 cents, holding this week's big gains with Friday's slaughter expected at 473,000. The U.S. Dollar Index is down 0.13. Dow Jones Industrials are up 5 points. December gold is up $2.80. November crude oil is down $0.44.