DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 1 1/4 cents and November soybeans are up 3 1/2 cents. December KC wheat is up 3/4 cent, December Chicago wheat is up 5 cents, and December MIAX Minneapolis wheat is up 1 cent. October crude oil is up $0.73 and Dow Jones futures are up 28 points. The U.S. Dollar Index is down 0.089 and December gold is up $26.70. Grain markets have recovered from overnight losses on concerns over variability found on the ongoing crop tour. Although excellent production is still likely, reaching the record setting levels USDA released in August may be difficult considering issues found.

Posted 08:33 -- December corn is down 3/4 cent per bushel, November soybeans are up 1 cent, December KC wheat is up 3/4 cent, December Chicago wheat is up 4 1/4 cents and MIAX December Minneapolis wheat is up 0.0200 cents. The Dow Jones Industrial Average is up 43.16 points. The U.S. Dollar Index is down 0.120 and October crude oil is up $0.66 per barrel. December gold is up $28.10 per ounce. USDA: Private exporters reported the following sales activity: 100,000 mt (3.9 mb) of corn to Colombia for 2025/2026 and 125,741 mt (5 mb) of corn to Mexico for 2025/2026. Corn and soybeans are little changed in quiet trade. Wheat markets, after falling to a new low, have bounced to trade modestly higher.

Livestock

Posted 08:37 -- October live cattle are up $0.40 at $231.75, September feeder cattle are up $0.53 at $352.95, October lean hogs are down $0.55 at $89.6, December corn is down 1/4 cent per bushel and December soybean meal is up $1.60. The Dow Jones Industrial Average is up 40.17 points and NASDAQ is down 96.91 points. The cattle complex is again starting off strong at Wednesday's start as traders continue to be fueled by the rally in boxed beef prices. No bids are currently on the table and it's assumed that trade will be delayed until Thursday or Friday.

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