DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:42 -- December corn is up 4 1/2 cents per bushel, November soybeans are up 8 cents, September KC wheat is up 9 3/4 cents, September Chicago wheat is up 10 1/4 cents and MIAX September Minneapolis wheat is up 0.0650 cents. The Dow Jones Industrial Average is down 345.78 points. The U.S. Dollar Index is up 0.100 and September crude oil is down $0.45 per barrel. December gold is up $23.10 per ounce. Heading into the Thursday close, corn, soybeans and wheat are showing sizeable gains with corn and wheat reacting to an impressive week of export sales. New-crop corn sales were an amazing 124.5 mb. All three of the markets were very oversold. Funds are reeling in some of their shorts, with funds estimated to have bought over 7,000 contracts of each as of noon while also buying soymeal. Short-covering ahead of Tuesday's USDA report is likely giving us the bounce.

Posted 10:30 -- December corn is up 4 3/4 cents per bushel, November soybeans are up 6 1/4 cents, September KC wheat is up 9 1/2 cents, September Chicago wheat is up 10 3/4 cents and MIAX September Minneapolis wheat is up 0.0650 cents. The Dow Jones Industrial Average is down 286.02 points. The U.S. Dollar Index is up 0.140 and September crude oil is down $0.15 per barrel. December gold is up $15.10 per ounce. At midmorning all of the grain and soy markets are very firm with the exception of bean oil. Short-covering on likely oversold conditions is leading to the morning rally. New-crop corn business continues to accelerate while soybean sales remain very sluggish without a China deal.

Posted 08:33 -- December corn is up 5 1/4 cents per bushel, November soybeans are up 4 cents, September KC wheat is up 7 3/4 cents, September Chicago wheat is up 8 1/4 cents and MIAX September Minneapolis wheat is up 0.0350 cents. The Dow Jones Industrial Average is up 273.50 points. The U.S. Dollar Index is up 0.020 and September crude oil is down $0.00 per barrel. December gold is up $27.10 per ounce. Grain and soy markets with the exception of bean oil are bouncing on likely short-covering ahead of next week's August WASDE and USDA Crop Production report. Much of the bad news has been absorbed by traders and markets had become extremely oversold. USDA: private exporters reported the following sales activity: 106,680 mt (4.2 mb) of corn to Mexico for 2025-26 and 105,000 mt (4.1 mb) of corn to Guatemala for 2025-26.

Livestock

Posted 11:18 -- October live cattle are up $1.60 at $231.25, September feeder cattle are up $3.13 at $347.35, October lean hogs are down $1.03 at $90.95, September corn is up 4 3/4 cents per bushel and August soybean meal is up $2.60. The Dow Jones Industrial Average is down 252.41 points and NASDAQ is up 78.70 points. The unseasonal and unexpected rally in boxed beef prices is helping the cattle contracts trade higher. Still no cash cattle trade has developed but packer interest should improve here soon.

Posted 08:36 -- October live cattle are down $0.10 at $229.55, September feeder cattle are down $1.18 at $343.05, October lean hogs are up $0.03 at $92.00, September corn is up 4 3/4 cents per bushel and August soybean meal is down $0.00. The Dow Jones Industrial Average is up 240.98 points and NASDAQ is up 166.13 points. Thursday's export report shared that beef net sales of 15,900 mt for 2025 were up 88% from the previous week and 40% from the prior 4-week average. The three largest buyers were Japan (6,100 mt), South Korea (4,000 mt) and Mexico (1,800 mt). Pork net sales of 31,000 mt for 2025 were down 22% from the previous week but up 27% from the prior 4-week average. The three largest buyers were China (12,500 mt), Mexico (7,000 mt) and South Korea (2,800 mt).

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