DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 7 1/2 cents per bushel, January soybeans are up 5 1/4 cents per bushel. December KC wheat is down 2 cents per bushel, December Chicago wheat is up 1 1/2 cents per bushel and December Minneapolis wheat is down 3 1/4 cents. The Dow Jones Industrial Average is up 1,458.14 points at 43,680.02. The U.S. Dollar Index is up 1.560 at 104.99. December crude oil is down $0.18 per barrel at $71.81. At midday, corn remains very firm on solid demand and some technical buying, while bean oil is surging on improving veg oil demand from India and Indonesia which is going to a mandatory 40% blend of palm oil in biodiesel. Ethanol production hit a record high last week of 1.015 million barrels per day. Wheat remains under pressure as the U.S. Dollar Index surges to highs not seen since July.

Posted 10:35 -- December corn is up 5 1/2 cents per bushel, January soybeans are up 1/4 cent per bushel. December KC wheat is down 1 3/4 cents per bushel, December Chicago wheat is up 1 1/2 cents per bushel and December Minneapolis wheat is down 2 1/4 cents. The Dow Jones Industrial Average is up 1,334.53 points at 43,556.41. The U.S. Dollar Index is up 1.710 at 105.14. December crude oil is down $0.09 per barrel at $71.90. Corn and soybean oil are very strong with beans little changed and wheat lower, pressured by the sharp rise in the U.S. dollar. Equity markets continue to trade sharply higher.

Posted 08:42 -- December corn is down 3 1/2 cents per bushel, January soybeans are down 14 1/2 cents per bushel. December KC wheat is down 9 1/4 cents per bushel, December Chicago wheat is down 8 cents per bushel and December Minneapolis wheat is down 6 3/4 cents. The Dow Jones Industrial Average is up 1,320.47 points at 43,542.35. The U.S. Dollar Index is up 1.950 at 105.38. December crude oil is down $1.20 per barrel at $70.79. The sharply higher U.S. dollar and fears of a possible trade war with China are crumbling grain and soy markets early Wednesday. Crude oil is down and the gold market is down over $80 also as a result of the election results and former President Donald Trump's win.

Livestock

Posted 11:38 -- December live cattle are up $0.65 at $185.425, January feeder cattle are up $1.53 at $243.875, December lean hogs are up $0.45 at $81.575, December corn is up 6 cents per bushel and December soybean meal is down $2.90. The Dow Jones Industrial Average is up 1,359.47 points. Asking prices are now noted in the South at $190 to $192, but are still not established in the North. No trade has developed at this point and will likely be delayed until Thursday or Friday.

Posted 08:44 -- December live cattle are up $1.20 at $185.975, January feeder cattle are up $2.00 at $244.35, December lean hogs are up $0.28 at $81.4, December corn is down 3 3/4 cents per bushel and December soybean meal is down $4.70. The Dow Jones Industrial Average is up 1,172.51 points. The cattle complex and equity markets are rallying sharply Wednesday morning as the market is celebrating Trump's election win. No cash cattle trade has developed at this point and it's likely trade will be delayed until Thursday or Friday.

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