DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- After the Sunday evening open, March corn is down 1 cent and January soybeans are down 7 1/4 cents. Central and southern Brazil received more rain over the weekend and so did Argentina with more rain expected this week. March KC wheat is up 1/4 cent and March Minneapolis wheat is up 1 cent. January crude oil is up $0.45 and Dow Jones futures are down 3 points. The U.S. Dollar Index is up 0.01 and February gold is up $23.60, trading at a new all-time high Sunday evening as more sources are starting to talk about a possibility for lower interest rates in 2024. Another issue sparking buying in gold is the scramble for China's large property developer, Evergrande, to find a restructuring deal that would allow the firm to avoid a court-ordered liquidation..

Livestock

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Register now for DTN's Virtual Ag Summit on Dec. 5 and 6, a virtual event that offers discussions of farmland values, tax advice, the latest technological advances, and the challenges of having a family business. On Wednesday, Ag Meteorologist John Baranick will give an early glimpse of what to expect from the weather in 2024 and Todd Hultman will give you his best assessment of where corn and soybean prices are headed in the year ahead.

Register for this free event at www.dtn.link/DTNAgSummit23. Can't make it those two days? A recorded link will be provided, but you need to register.

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