DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 3/4 cent per bushel, November soybeans are down 1 1/4 cents per bushel. December KC wheat is up 1/4 cent per bushel, December Chicago wheat is down 2 1/2 cents per bushel and December Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is down 93.25 points at 41,528.83. The U.S. Dollar Index is up 0.220 at 100.98. October crude oil is up $1.37 per barrel at $71.46. As we near the close it has been a dull and boring trade in grain and soy markets so far with little in the way of market-moving news. Volume is terribly slow with corn and beans gravitating around unchanged and wheat markets mixed with no direction.

Posted 10:37 -- December corn is down 3/4 cent per bushel, November soybeans are up 3 3/4 cents per bushel. December KC wheat is down 2 1/4 cents per bushel, December Chicago wheat is down 5 3/4 cents per bushel and December Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is up 153.54 points at 41,775.62. The U.S. Dollar Index is up 0.140 at 100.90. October crude oil is up $0.92 per barrel at $71.01. In very quiet trade, corn and soymeal are slightly lower, wheat is mixed to mostly lower and soybeans and bean oil are firm on a day without much news. Harvest is moving ahead on corn and soybeans at 9% and 6% complete respectively. Winter wheat planting is 14% done, and spring wheat harvest is nearing the finish line.

Posted 08:36 -- December corn is up 3/4 cent per bushel, November soybeans are up 4 1/2 cents per bushel. December KC wheat is up 2 1/4 cents per bushel, December Chicago wheat is up 2 1/4 cents per bushel and December Minneapolis wheat is up 4 1/2 cents. The Dow Jones Industrial Average is up 140.11 points at 41,762.19. The U.S. Dollar Index is up 0.100 at 100.86. October crude oil is up $0.41 per barrel at $70.50. Grain and soy markets are mostly firmer, led by wheat and soybeans on a quiet news day. Harvest is moving ahead on corn and soybeans. Wheat is a bit firmer despite the better chance for some much-needed rain to fall in the southern and western Plains.

Livestock

Posted 11:40 -- October live cattle are up $1.35 at $178.575, October feeder cattle are up $1.85 at $240.85, October lean hogs are up $1.70 at $81.625, December corn is up 1/2 cent per bushel and December soybean meal is down $2.90. The Dow Jones Industrial Average is up 24.10 points. Higher tones are currently being noted throughout the entire livestock complex as traders are eagerly advancing the markets. Even so, still no cash cattle trade has developed and it's unlikely that any will ahead of Wednesday as feedlot managers remain committed to keeping the market steady this week.

Posted 08:39 -- October live cattle are up $0.25 at $177.475, October feeder cattle are up $0.80 at $239.80, October lean hogs are up $0.58 at $80.50, December corn is up 3/4 cent per bushel and December soybean meal is down $0.40. The Dow Jones Industrial Average is up 98.94 points. The livestock complex is off to a stronger start at Tuesday's beginning as traders are willingly supporting the sector. Still no asking prices have surfaced yet in the cash cattle market, but it's not likely that any trade will develop ahead of Wednesday at the absolute earliest.

(c) Copyright 2024 DTN, LLC. All rights reserved.