DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- As we near Monday's close, wheat prices remain solidly higher on fresh concerns about Russia's increased attacks on Ukraine. December KC wheat is up 57 1/2 cents and December Minneapolis wheat is up 47 cents, also looking for bullish adjustments in USDA's WASDE report Wednesday morning. December corn is up 13 cents and November soybeans are up 6 3/4 cents, getting some bullish influence from wheat on Monday with bullish adjustments also expected for corn on Wednesday. Outside markets are quieter with November crude oil down $0.38 and Dow Jones futures down 155 points. The U.S. Dollar Index is up 0.34 and December gold is down $32.50.

Posted 10:36 -- December corn is up 19 1/4 cents per bushel, November soybeans are up 10 1/2 cents, December KC wheat is up 65 1/4 cents, December Chicago wheat is up 66 1/2 cents and December Minneapolis wheat is up 50 3/4 cents. The Dow Jones Industrial Average is down 93.48 points and November crude oil is down $0.78 per barrel. The U.S. Dollar Index is up 0.460 and December gold is down $34.70 per ounce. Wheat continues to move sharply higher, fueled by a combination of extreme drought in hard winter areas, and the weekend escalation of bombing by Russia in response to the mysterious explosion, which took out part of the bridge that Russia uses to bring supplies into Crimea. December corn has also broken above the key $7.00 level, but probably needs to close above that to signal further gains.

Posted 08:35 -- December corn is up 6 3/4 cents per bushel, November soybeans are up 18 cents, December KC wheat is up 32 1/4 cents, December Chicago wheat is up 34 3/4 cents and December Minneapolis wheat is up 22 1/2 cents. The Dow Jones Industrial Average is up 104.76 points and November crude oil is down $0.43 per barrel. The U.S. Dollar Index is up 0.340 and December gold is down $28.80 per ounce. Grain and soy markets are sharply higher, with wheat leading the way following a series of aggressive missile strikes by Russia on Ukraine targets, in response to the Kerch bridge being damaged by an explosion over the weekend. Also, traders expect that Wednesday's WASDE report could reveal bullish corn and wheat data.

Posted Sunday, Oct. 9 at 7:05 p.m. -- After the Sunday evening open, wheat prices are getting an early boost. December KC wheat is up 11 cents and December Minneapolis wheat is up 7 3/4 cents with another week of mostly dry weather in the southwestern Plains, except for central Texas. December corn is up 1 1/2 cents and November soybeans are up 3 cents. The seven-day forecast has some rain expected around the Great Lakes, but not enough to interfere with harvest and not enough to help the Mississippi River. November crude oil is up $0.05 and Dow Jones futures are down 137 points with third-quarter earnings reports set to start this week. The U.S. Dollar Index is up 0.02 and December gold is down $5.20.

Livestock

Posted 12:00 -- December live cattle are down $0.98 at $147.075, November feeder cattle are down $3.05 at $172.575, December lean hogs are up $2.30 at $79.45, December corn is up 15 1/4 cents per bushel and December soybean meal is up $3.60. The Dow Jones Industrial Average is down 167.55 points. The cattle contracts are trending lower into Monday's afternoon as cattlemen are carefully watching the price of corn. Meanwhile, the lean hog complex is keeping with its higher trend and will look for cutout support this afternoon to hopefully keep this momentum into Tuesday.

Posted 08:38 -- December live cattle are up $0.23 at $148.275, November feeder cattle are down $0.48 at $175.15, December lean hogs are up $1.53 at $78.675, December corn is up 6 3/4 cents per bushel and December soybean meal is up $2.10. The Dow Jones Industrial Average is up 123.57 points. Both the live cattle and lean hog contracts are off to a stronger start Monday morning, but the feeder cattle complex is again struggling to find support. With corn trading $0.08 to $0.09 higher, the feeder cattle complex is likely to keep trading lower until feed prices stabilize.

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