DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 4 3/4 cents per bushel, November soybeans are up 1 1/2 cents per bushel. September KC wheat is up 1 1/4 cents per bushel, September Chicago wheat is up 4 3/4 cents per bushel and September Minneapolis wheat is up 1/4 cent. The Dow Jones Industrial Average is up 214.76 points at 40,958.09 and the U.S. Dollar Index is down 0.290 at 104.26 and September crude oil is up $3.09 per barrel at $77.82. Just ahead of the Wednesday close, corn remains sharply lower after December fell below $4.00 to a new contract low. Soybeans have recovered after September came within a nickel of breaking below $10. Wheat held the contract lows, but has been only able to muster a minor rally to trade in the green. On a positive note, ethanol production hit a record high last week and it is likely USDA is underestimating old-crop corn for ethanol use.

Posted 10:35 -- December corn is down 6 cents per bushel, November soybeans are down 2 3/4 cents per bushel. September KC wheat is down 4 3/4 cents per bushel, September Chicago wheat is down 1 cent per bushel and September Minneapolis wheat is down 4 cents. The Dow Jones Industrial Average is up 214.95 points at 40,958.28 and the U.S. Dollar Index is down 0.410 at 104.14 and September crude oil is up $2.45 per barrel at $77.18. At midmorning all of the markets are lower except for bean oil. December corn and November beans have fallen to new contract lows, with all three wheat markets headed that way. The fact that ethanol production in the week ended July 26 rose to a record high 1.109 million barrels per day has had no impact on the bearish trend.

Posted 08:39 -- December corn is down 1 1/4 cents per bushel, November soybeans are up 3 3/4 cents per bushel. September KC wheat is down 1/4 cent per bushel, September Chicago wheat is up 1 cent per bushel and September Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 53.77 points at 40,797.10. The U.S. Dollar Index is down 0.600 at 103.95 and September crude oil is up $2.33 per barrel at $77.06. USDA announced a new sale of 104,572 mt (4.1 million bushels) of corn to unknown destinations for 2024-25. Soybeans and bean oil are firm to start, while corn is a penny lower after reaching a new low, and the wheat market is mixed.

Livestock

Posted 11:37 -- October live cattle are down $0.73 at $186.725, August feeder cattle are down $0.23 at $256.75, October lean hogs are up $1.20 at $75.975, December corn is down 2 1/4 cents per bushel and December soybean meal is down $0.60. The Dow Jones Industrial Average is up 249.72 points. The cash cattle market remains quiet with no bids currently being offered. Asking prices are noted at $190 to $192 in the South but are unestablished in the North. At this point it's likely that trade will be delayed until Thursday.

Posted 08:36 --.October live cattle are down $0.53 at $186.925, August feeder cattle are down $0.48 at $256.50, October lean hogs are up $0.18 at $74.95, December corn is down 1/2 cent per bushel and December soybean meal is up $0.20. The Dow Jones Industrial Average is up 33.18 points. The cash cattle market is still quiet with no bids or asking prices having surfaced yet. Packer interest will likely improve throughout the day even though trade could still be delayed until Thursday.

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