DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 3/4 cent per bushel, November soybeans are up 4 cents per bushel. December KC wheat is up 4 cents per bushel, December Chicago wheat is up 3 1/2 cents per bushel and December Minneapolis wheat is up 2 3/4 cents. The Dow Jones Industrial Average is up 384.76 points at 42,465.13. The U.S. Dollar Index is up 0.340 at 102.89. November crude oil is down $0.79 per barrel at $72.78. Corn, beans and wheat are a bit firmer in very slow trade ahead of the Wednesday close. Soy products are both lower. A clear path ahead for the U.S. row-crop harvests and better rain predicted for dry areas of Brazil are weighing on the market, while wheat has gotten a boost from weather issues in key world growing areas and the firmer Russian cash market.

Posted 10:35 -- December corn is up 1/2 cent per bushel, November soybeans are up 5 1/2 cents per bushel. December KC wheat is up 1 1/4 cents per bushel, December Chicago wheat is up 1 cent per bushel and December Minneapolis wheat is up 1/4 cent. The Dow Jones Industrial Average is up 272.93 points at 42,353.30. The U.S. Dollar Index is up 0.230 at 102.78. November crude oil is down $0.46 per barrel at $73.11. Soybeans and soymeal have both recovered from early weakness, while wheat and corn markets are trading near unchanged. The EIA reported that ethanol production rose for the second straight week, rising 23,000 barrels per day to 1.038 million barrels per day. Ethanol stocks fell by 5.6% last week to 22.2 million barrels.

Posted 08:38 -- December corn is steady, November soybeans are down 4 1/2 cents per bushel. December KC wheat is up 2 3/4 cents per bushel, December Chicago wheat is up 3 cents per bushel and December Minneapolis wheat is up 3 1/2 cents. The Dow Jones Industrial Average is down 32.63 points at 42,047.74. The U.S. Dollar Index is up 0.220 at 102.76. November crude oil is down $1.41 per barrel at $72.16. The USDA announced a new sale of 126,000 mt (5 mb) of corn to unknown destinations for 2024-25. Early gains in both corn and soybeans have dissipated. Wheat remains a bit higher on various world weather issues.

Livestock

Posted 11:35 -- December live cattle are down $0.65 at $187.225, November feeder cattle are down $1.63 at $248.675, December lean hogs are down $1.78 at $75.4, December corn is up 1/4 cent per bushel and December soybean meal is up $0.60. The Dow Jones Industrial Average is up 366.53 points. The cash cattle market still hasn't seen any trade as feedlot managers are waiting patiently in hopes they can advance the market again this week. Asking prices are noted in the South at $188 but are still not established in the North.

Posted 08:35 -- December live cattle are up $0.03 at $187.9, November feeder cattle are up $0.33 at $250.625, December lean hogs are down $0.30 at $76.875, December corn is up 1 cent per bushel and December soybean meal is up $0.80. The Dow Jones Industrial Average is down 75.39 points. The cash cattle market still hasn't seen any bids develop and this week's trade could be delayed until Friday. Asking prices are noted in the South at $188 live, but are still not established in the North.

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