DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:42 -- December corn is down 2 1/4 cents per bushel, November soybeans are down 7 1/4 cents, September KC wheat is up 6 cents, September Chicago wheat is up 1/4 cent and MIAX September Minneapolis wheat is down 0.0075 cents. The Dow Jones Industrial Average is up 132.77 points. The U.S. Dollar Index is down 0.530 and September crude oil is down $0.16 per barrel. December gold is up $2.70 per ounce. Heading into the close it's more of the same with December corn forging another new low and soybeans again rejecting early strength to trade lower. Wheat is mixed with KC strong on its own due to Russian quality and logistics issues. Soybean meal has resumed its move lower after a 4-day correction. Funds have been adding to corn, soybean and soymeal shorts Wednesday. The absence of a new China trade deal along with a likely sharp increase in supply is weighing on corn and soy.

Posted 10:32 -- December corn is down 4 cents per bushel, November soybeans are down 7 1/4 cents, September KC wheat is up 2 1/4 cents, September Chicago wheat is down 4 cents and MIAX September Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is up 147.70 points. The U.S. Dollar Index is down 0.430 and September crude oil is up $0.64 per barrel. December gold is down $1.40 per ounce. November soybeans again could not hold early gains and have fallen to the lowest level since April. Corn and Chicago and KC wheat have again printed new lows and soymeal has renewed its downtrend following 4 days of higher values.

Posted 08:32 -- December corn is down 3/4 cent per bushel, November soybeans are up 2 1/4 cents, September KC wheat is up 2 1/2 cents, September Chicago wheat is up 1/4 cent and MIAX September Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 47.29 points. The U.S. Dollar Index is down 0.340 and September crude oil is up $1.18 per barrel. December gold is down $14.10 per ounce. In slow trade, wheat is mixed, corn lower, and soybeans a bit higher on the heels of bean oil strength. Crop weather continues to be mostly favorable and optimistic yield estimates for row crops continue to filter in ahead of next Tuesday's August WASDE report.

Livestock

Posted 11:40 -- October live cattle are up $1.48 at $228.575, September feeder cattle are up $3.28 at $342.825, October lean hogs are down $1.25 at $91.55, September corn is down 5 cents per bushel and August soybean meal is down $5.10. The Dow Jones Industrial Average is up 149.88 points and NASDAQ is up 202.54 points. The cattle complex is continuing to trade higher as traders are pleased to see the uptick in beef demand. No cash cattle trade has developed yet, just asking prices noted in the South at $238 to $240 and remain unestablished in the North.

Posted 08:37 -- October live cattle are up $0.65 at $227.75, September feeder cattle are up $0.23 at $339.775, October lean hogs are up $0.10 at $92.9, September corn is down 1 3/4 cents per bushel and August soybean meal is down $0.00. The Dow Jones Industrial Average is up 42.43 points and NASDAQ is up 28.81 points. The livestock complex is again rallying at Wednesday's start as traders remain confident that the market's fundamentals are going to prevail again this week. Asking prices are known at $238 to $240 in the South, but remain unestablished still in the North.

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