DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is down 1 3/4 cents per bushel, November soybeans are up 3 1/4 cents, September KC wheat is down 6 cents, September Chicago wheat is down 4 1/4 cents and MIAX September Minneapolis wheat is down 0.0575 cents. The Dow Jones Industrial Average is down 649.86 points. The U.S. Dollar Index is down 0.810 and September crude oil is down $1.89 per barrel. December gold is up $50.90 per ounce. Going into the Friday close, only soybeans and soymeal are higher, while corn is down and wheat is under heavy pressure. Soybean oil is down for a third straight time, falling with the plunging crude market. Funds are estimated to have sold over 5,000 bean oil contracts while buying a similar amount of soymeal.

Posted 10:34 -- December corn is down 3 1/4 cents per bushel, November soybeans are up 2 1/4 cents, September KC wheat is down 7 3/4 cents, September Chicago wheat is down 5 1/2 cents and MIAX September Minneapolis wheat is down 0.0500 cents. The Dow Jones Industrial Average is down 629.59 points. The U.S. Dollar Index is down 0.970 and September crude oil is down $1.85 per barrel. December gold is up $54.60 per ounce. At midmorning, corn futures have moved lower while wheat has extended losses with new contract lows scored in both Chicago and Minneapolis again with KC knocking on the door. Crude oil is weakening and that has expanded the soybean oil correction that began three days ago.

Posted 08:31 -- December corn is down 1/2 cent per bushel, November soybeans are up 3/4 cent, September KC wheat is down 5 3/4 cents, September Chicago wheat is down 4 3/4 cents and MIAX September Minneapolis wheat is down 0.0200 cents. The Dow Jones Industrial Average is down 490.20 points. The U.S. Dollar Index is down 1.160 and September crude oil is down $0.14 per barrel. December gold is up $56.00 per ounce. Bean oil extends its downward correction for the third straight day, corn and soy are little changed and wheat is under pressure. USDA: Private exporters reported the following sales activity: 125,000 mt (4.6 mb) of corn to unknown destinations for 2025-26, and 227,160 mt (8.3 mb) of corn for unknown destinations for 2025-26. Newly instituted tariffs on countries who have not agreed to a trade deal are pressuring equities markets.

Livestock

Posted 11:48 -- October live cattle are up $0.65 at $223.8, September feeder cattle are up $2.00 at $333.55, October lean hogs are up $0.48 at $90.05, September corn is down 3 3/4 cents per bushel and August soybean meal is up $5.00. The Dow Jones Industrial Average is down 543.26 points and NASDAQ is down 405.59 points. Some light cash cattle trade has developed in the South at $235 to $236, but no more dressed cattle trade has developed. Some asking prices remain firm around $236-plus in Kansas and Texas, and $384-plus in Nebraska and Iowa.

Posted 08:36 -- October live cattle are up $1.33 at $224.475, September feeder cattle are up $1.55 at $333.1, October lean hogs are down $0.38 at $89.2, September corn is down 1/4 cent per bushel and August soybean meal is up $1.00. The Dow Jones Industrial Average is down 519.93 points and NASDAQ is down 294.56 points. Seeming to shake some of the nervousness that Thursday possessed because of the announcement of potential tariffs on Brazilian beef and cattle, the cattle complex is again trading higher. Bids of $235 are currently being offered in Kansas but no new trade has developed following Thursday's business. Asking prices are firm at $236 plus in the South and $384 plus in the North.

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