DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:43 -- December corn is up 7 cents per bushel, November soybeans are up 14 1/2 cents, September KC wheat is up 1 1/4 cents, September Chicago wheat is up 2 1/2 cents and MIAX December Minneapolis wheat is down 0.0250 cents. The Dow Jones Industrial Average is up 127.48 points. The U.S. Dollar Index is down 0.410 and September crude oil is down $0.88 per barrel. December gold is down $0.60 per ounce. Heading into the Friday close, corn, soybeans and bean oil have maintained strong gains while wheat has set back toward Thursday's close. Dryness ahead for southern and eastern crop areas has traders covering some shorts, but so far, in several key producing states crop analysts and farm advisors are touting record ear, kernel and pod counts.

Posted 10:30 -- December corn is up 4 3/4 cents per bushel, November soybeans are up 12 1/4 cents, September KC wheat is up 3 1/4 cents, September Chicago wheat is up 4 cents and MIAX December Minneapolis wheat is up 0.0025 cents. The Dow Jones Industrial Average is up 57.75 points. The U.S. Dollar Index is down 0.500 and September crude oil is down $0.61 per barrel. December gold is up $6.70 per ounce. Midmorning grain and soy markets are still higher with the exception of soymeal. Soybeans are leading the way up, presumably on the drier and warmer outlook this week for the eastern and southern belt areas. However, crop tours are still reporting that both Iowa and Illinois ear, kernel and pod counts look extremely high, leading to calls for record corn and soy yields there.

Posted 08:32 -- December corn is up 4 cents per bushel, November soybeans are up 9 1/2 cents, September KC wheat is up 4 cents, September Chicago wheat is up 3 1/4 cents and MIAX December Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 224.35 points. The U.S. Dollar Index is down 0.380 and September crude oil is down $0.74 per barrel. December gold is up $0.40 per ounce. Grain and soy markets are firmer early Friday with soybeans leading the way higher. There is very little fresh news other than a drier forecast which may have traders adding some weather premium back in.

Livestock

Posted 11:38 -- October live cattle are up $2.20 at $229.025, September feeder cattle are up $3.50 at $344.525, October lean hogs are up $1.18 at $90.3, December corn is up 5 3/4 cents per bushel and December soybean meal is down $0.70. The Dow Jones Industrial Average is up 114.09 points and NASDAQ is down 98.78 points. It's going to be a busy afternoon for the cattle complex as more cash cattle trade needs to develop and U.S. Ag Secretary Brooke Rollins is set to give an update this afternoon on New World screwworm. Asking prices are firm in the South at $237-plus and in the North at $386-plus.

Posted 08:36 -- October live cattle are up $0.40 at $227.225, September feeder cattle are up $0.23 at $341.25, October lean hogs are down $0.03 at $89.1, December corn is up 3 1/2 cents per bushel and December soybean meal is up $2.40. The Dow Jones Industrial Average is up 216.37 points and NASDAQ is down 8.90 points. There was thin movement of cattle traded late Thursday afternoon at mostly $384, which is $4.00 higher than last week's weighted average, but still no trade has developed in the South. Southern asking prices are firm at $238 plus. More trade will need to develop ahead of the week's end.

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