DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 1 3/4 cents per bushel, November soybeans are down 3 1/2 cents, December KC wheat is down 4 cents, December Chicago wheat is down 7 1/4 cents and December Minneapolis wheat is up 1 cent. The Dow Jones Industrial Average is down 58.89 points and November crude oil is up $0.62 per barrel. The U.S. Dollar Index is down 0.060 and December gold is up $0.40 per ounce. Heading into Friday's close, corn and soybeans are now lower with beans having sold off 18 cents from the high, as bean oil profit-taking has taken that market into the red. Minneapolis wheat remains barely higher but is now 11 cents below the new contract high.

Posted 10:31 -- December corn is up 2 1/2 cents per bushel, November soybeans are up 10 cents, December KC wheat is up 1/2 cent, December Chicago wheat is down 2 3/4 cents and December Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is up 44.05 points and November crude oil is up $1.47 per barrel. The U.S. Dollar Index is down 0.140 and December gold is down $1.00 per ounce. In quiet trade, soybeans and bean oil have maintained solid gains, while wheat has turned mixed, with Chicago and KC now giving up early gains. There is little in the way of news to drive the market, with most traders keeping an eye out for renewed China buying interest following their holiday this past week.

Posted 08:34 -- December corn is up 2 1/2 cents per bushel, November soybeans are up 9 3/4 cents, December KC wheat is up 6 cents, December Chicago wheat is up 4 1/4 cents and December Minneapolis wheat is up 4 1/2 cents. The Dow Jones Industrial Average is up 36.85 points and November crude oil is up $1.38 per barrel. The U.S. Dollar Index is down 0.110 and December gold is up $20.40 per ounce. Grain and the soy complex are off to a great start, led by beans, bean oil and wheat as China returns from its week-long holiday; hopes are high that they will return to buy U.S. soybeans.

Livestock

Posted 11:34 -- December cattle are unchanged in quiet trading Friday with not much cash trade reported other than a private sale at $124 in Colorado. USDA said choice boxed beef was down $1.25 at $284.05 Friday morning, while selects were up 90 cents at $265.34, both on light loads. November feeder cattle are trading down $0.15 and December corn is up a penny. December lean hogs are trading up $0.20 on light volume, holding support above $81.00. Friday morning's pork carcass was reported down $2.35 at $109.91 on 183.47 loads. Outside financial markets are staying quiet with the December Dow Jones futures down 7 points and the December U.S. Dollar Index down 0.08. November crude oil is up $1.00 a barrel.

Posted 08:58 -- December cattle are trading up $0.20 early Friday, holding this week's gain but staying shy of the 100-day average at $131.00. Dow Jones estimated Friday's cattle slaughter at 116,000 head, while cash trade has been steady to a dollar higher. November feeder cattle are trading down $0.27, running into resistance at $162.00, the site of the 100-day average. December lean hogs are trading up $0.47, lower on the week but holding firm after last week's report showed lower hog inventory. Dow Jones estimated Friday's hog slaughter at 476,000 head. Outside markets are quiet with the December Dow Jones futures down 28 points and the December U.S. Dollar Index down 0.11.

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