DTN's Quick Takes

Grains

OMAHA (DTN) -- December corn is down 17 cents per bushel, November soybeans are down 41 1/2 cents, September KC wheat is down 7 1/4 cents, September Chicago wheat is down 4 3/4 cents and September Minneapolis wheat is down 10 1/4 cents. The Dow Jones Industrial Average is up 125.93 points and September crude oil is down $2.95 per barrel. The U.S. Dollar Index is up 0.810 and December gold is down $19.00 per ounce. All markets have recovered a bit from the morning lows, but remain in the red. A cooler and wetter pattern, with rains now moving into western Iowa, along with renewed fear of a global slowdown, are impacting grain and soy.

Posted 10:33 -- December corn is down 18 3/4 cents per bushel, November soybeans are down 53 cents, September KC wheat is down 9 1/2 cents, September Chicago wheat is down 8 1/2 cents and September Minneapolis wheat is down 14 cents. The Dow Jones Industrial Average is down 8.16 points and September crude oil is down $3.94 per barrel. The U.S. Dollar Index is up 0.640 and December gold is down $20.40 per ounce. The Monday meltdown continues, led by the soy market, with beans and meal sharply lower on improving weather and concerns again over a slowing global economy. China's bad economic reports have sent crude oil reeling.

Posted 08:33 -- December corn is down 21 1/4 cents per bushel, November soybeans are down 53 cents, September KC wheat is down 26 1/2 cents, September Chicago wheat is down 23 1/2 cents and September Minneapolis wheat is down 25 3/4 cents. The Dow Jones Industrial Average is down 169.24 points and September crude oil is down $4.87 per barrel. The U.S. Dollar Index is up 0.370 and December gold is down $19.90 per ounce. A rough start to the new week, with cooler temperatures and rains moving across some of the driest areas of the Corn Belt, and pressure resulting from more bad economic news in China, has send crude oil futures to the lowest level since March.

Posted 19:04 -- After the Sunday evening open, December corn is down 7 cents and November soybeans are down 16 cents. There was not much rain over the weekend, but there are chances the next few days from South Dakota to Missouri. Moderate to cool temperatures will prevail across the Corn Belt this week, and even triple digits from Kansas to Texas will disappear later in the week. September KC wheat is down 7 1/4 cents, and September Minneapolis wheat is down 10 1/2 cents. September crude oil is down $0.45, and Dow Jones futures are down 82 points. The U.S. Dollar Index is up 0.05, and August gold is down $0.30. On Thursday, OPEC revised its estimate of oil demand lower for the second half of the year.

Livestock

Posted 11:36 -- October live cattle are up $0.10 at $144.6, September feeder cattle are up $0.78 at $184.15, October lean hogs are up $0.25 at $100.275, December corn is down 14 1/4 cents per bushel and December soybean meal is down $13.50. The Dow Jones Industrial Average is up 130.10 points. Last week's negotiated cash cattle slaughter totaled 100,017 head. Of that 65% (64,722 head) were for nearby delivery while the remaining 35% were for deferred delivery. With packers still pulling the majority of last week's purchases to nearby delivery, their behavior continues to tell us they are short bought and in need of cattle.

Posted 08:37 -- October live cattle are up $0.30 at $144.8, September feeder cattle are up $1.53 at $184.9, October lean hogs are down $0.33 at $99.7, December corn is down 19 1/4 cents per bushel and December soybean meal is down $11.30. The Dow Jones Industrial Average is down 137.17 points. As the livestock complex welcomes a new week, the market's immediate focus is on the corn complex and its steep 20-cent regression in nearby contracts. The live and feeder cattle markets are trading higher as the corn market bleeds lower, but the lean hog complex is pressured technically to trade lower early Monday.

(c) Copyright 2022 DTN, LLC. All rights reserved.