DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DATN) -- Heading into the close, December corn is up 2 3/4 cents per bushel, November soybeans are up 13 3/4 cents, September KC wheat is down 1 3/4 cents, September Chicago wheat is up 3 1/4 cents and MIAX December Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is up 268.34 points. The U.S. Dollar Index is down 0.300 and September crude oil is down $0.50 per barrel. December gold is up $6.40 per ounce. Soybeans are still leading the pack, while corn is trying to hang on to gains. There was talk this morning that South Korea bought 3 to 4 vessels of corn off the PNW. Crude oil futures continue a downward trend and the EIA didn't help matters any by reporting that last week crude oil inventory rose 3 million barrels, well above trade estimates.

Posted 10:35 -- December corn is up 1 cent per bushel, November soybeans are up 4 1/2 cents, September KC wheat is down 2 1/4 cents, September Chicago wheat is up 3/4 cent and MIAX December Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is up 352.39 points. The U.S. Dollar Index is down 0.380 and September crude oil is down $0.68 per barrel. December gold is up $8.90 per ounce. Soybean market still higher after the USDA report yesterday, while corn and wheat are still digesting the report. The corn market can't wrap its head around the record yield put out by USDA Tuesday, even though export demand remains strong.

Posted 08:34 -- December corn is up 1 1/2 cents per bushel, November soybeans are up 9 1/2 cents, September KC wheat is down 2 1/4 cents, September Chicago wheat is down 1/2 cent and MIAX December Minneapolis wheat is up 0.0225 cents. The Dow Jones Industrial Average is up 205.59 points. The U.S. Dollar Index is down 0.280 and September crude oil is down $0.14 per barrel. December gold is up $7.50 per ounce. The soy complex is firmer, corn is bouncing and wheat is mixed in quiet trade. November soybeans are on a 60-cent rally in the past three days, partly fueled by the lower production and ending stocks along with lower acres in Tuesday's report. Corn will be hard-pressed to maintain strength following the bearish data Tuesday.

Livestock

Posted 11:35 -- October live cattle are down $0.38 at $228.65, September feeder cattle are down $2.08 at $344.175, October lean hogs are down $1.33 at $90.275, December corn is up 1/4 cent per bushel and December soybean meal is up $3.20. The Dow Jones Industrial Average is up 325.67 points and NASDAQ is down 0.91 points. Some light sales have been reported in Nebraska at $385, which is $4.00 higher than last week's weighted average. No other cash cattle business has developed, and it's likely trade could still mainly wait until Thursday or Friday to develop.

Posted 08:41 -- October live cattle are up $1.38 at $230.4, September feeder cattle are up $1.83 at $348.075, October lean hogs are down $0.35 at $91.25, pork cutout are down $4.39 at $114.7, September corn is up 1/4 cents per bushel and November soybeans are up 9 1/2 cents. The Dow Jones Industrial Average is up 212.27 points and NASDAQ is up 118.27 points. The cash cattle market is still quiet with no substantial trade having developed. Bids and asking prices remain illusive at this point too.

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