DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Heading into the close, December corn is down 1/4 cent per bushel, November soybeans are down 14 1/4 cents, September KC wheat is down 2 1/2 cents, September Chicago wheat is down 4 1/2 cents and MIAX December Minneapolis wheat is down 0.0275 cents. The Dow Jones Industrial Average is down 123.30 points. The U.S. Dollar Index is up 0.460 and September crude oil is up $1.20 per barrel. December gold is down $26.30 per ounce. Wheat markets are trying to recover after Chicago and KC hit new lows, while soybeans are still fading due in part to sales cancelations reported this morning. Corn is mixed and also saw sales cancellations this morning but on the flip side, there have been a number of fresh sales reported in the past few weeks. Crude oil futures are staging a recovery following recent losses and today seem to have overlooked for now the large rise in crude oil inventory reported by the EIA Wednesday, as the market turns its focus to the Trump-Putin meeting on Friday.

Posted 10:30 -- December corn is down 1 1/4 cents per bushel, November soybeans are down 10 1/2 cents, September KC wheat is down 2 1/2 cents, September Chicago wheat is down 4 1/4 cents and MIAX December Minneapolis wheat is down 0.0250 cents. The Dow Jones Industrial Average is down 164.53 points. The U.S. Dollar Index is up 0.330 and September crude oil is up $1.02 per barrel. December gold is down $21.80 per ounce. Soybeans are fading today likely due in part to reports China recently bought soybeans from Brazil. The corn market once again didn't seem to care about the fresh export business announced this morning.

Posted 08:31 -- December corn is down 3 1/2 cents per bushel, November soybeans are down 7 cents, September KC wheat is down 3 cents, September Chicago wheat is down 2 1/2 cents and MIAX December Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is down 170.87 points. The U.S. Dollar Index is up 0.280 and September crude oil is up $0.94 per barrel. December gold is down $11.70 per ounce. Corn, soybean and wheat markets are weaker, with KC wheat having printed a new contract low early Thursday. Net cancellations of export sales for both corn and beans for the old-crop year were reported. USDA: private exporters reported the following sales activity: 136,000 mt (5.3 mb) of corn to South Korea for 2025-26 and 132,000 mt (5.2 mb) of corn to Spain for 2025-26. The PPI came in showing higher inflation than expected, perhaps putting on hold the expected rate cut in September.

Livestock

Posted 11:43 -- October live cattle are down $4.00 at $225.425, September feeder cattle are down $8.40 at $338.225, October lean hogs are down $2.03 at $88.75, December corn is down 1 cent per bushel and December soybean meal is down $1.70. The Dow Jones Industrial Average is down 205.00 points and NASDAQ is down 40.22 points. Bids are on the table in Nebraska at $245 and in Texas at $233 but no new trade has developed. Asking prices are noted in the South at $240-plus, but are still not established in the North.

Posted 08:35 -- October live cattle are down $0.70 at $228.725, September feeder cattle are down $1.13 at $345.5, October lean hogs are down $0.68 at $90.1, December corn is down 3 1/2 cents per bushel and December soybean meal is up $1.40. The Dow Jones Industrial Average is down 168.54 points and NASDAQ is down 54.56 points. Beef net sales of 4,300 mt for 2025 -- a marketing year low -- were down 73% from the previous week and 66% from the prior 4-week average. The three largest buyers were Japan (3,200 mt), South Korea (500 mt) and the Philippines (500 mt). Pork net sales of 21,200 mt for 2025 were down 32% from the previous week and 19% from the prior 4-week average. The three largest buyers were Japan (6,500 mt), Mexico (4,700 mt) and South Korea (3,500 mt).

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