DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Heading into the close, December corn is up 7 cents per bushel, November soybeans are up 19 3/4 cents, December KC wheat is up 2 1/2 cents, December Chicago wheat is down 1/4 cent and MIAX December Minneapolis wheat is up 0.0300 cents. The Dow Jones Industrial Average is down 165.81 points. The U.S. Dollar Index is up 0.360 and October crude oil is up $0.87 per barrel. December gold is down $6.10 per ounce. Soybean oil is leading the charge Thursday with October up 2.60 cents after Reuters reported a ruling on Small Refinery Exemptions will be out by Friday afternoon and EPA may not grant exemptions to all of the small refiners asking for one. Crude oil is higher and still finding strength from the bullish EIA inventory report on Wednesday showing large draws in both crude and gasoline supplies last week.

Posted 10:31 -- December corn is up 5 1/4 cents per bushel, November soybeans are up 11 1/2 cents, December KC wheat is up 2 1/2 cents, December Chicago wheat is steady and MIAX December Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is down 93.21 points. The U.S. Dollar Index is up 0.350 and October crude oil is up $0.33 per barrel. December gold is down $4.90 per ounce. The weekly USDA export report showed both corn and soybeans new crop sales well above what the trade expected. The corn market appears to be sitting up and taking notice of the current crop tour results showing what could be lower than USDA current estimate.

Posted 08:32 -- December corn is up 1 3/4 cents per bushel, November soybeans are up 4 cents, December KC wheat is up 4 1/4 cents, December Chicago wheat is up 4 cents and MIAX December Minneapolis wheat is up 0.0425 cents. The Dow Jones Industrial Average is down 257.40 points. The U.S. Dollar Index is up 0.100 and October crude oil is down $0.01 per barrel. December gold is up $1.20 per ounce. Grain and soy markets are mostly higher with the exception of soymeal. Findings by the ongoing crop tour that the USDA may have been overly optimistic on corn yield appear to be supportive. That tour will likely have their yields later on Thursday.

Livestock

Posted 11:35 -- October live cattle are down $0.28 at $234.575, September feeder cattle are down $1.05 at $357.05, October lean hogs are down $0.23 at $89.725, December corn is up 9 1/4 cents per bushel and December soybean meal is down $4.10. The Dow Jones Industrial Average is down 198.15 points and NASDAQ is down 95.35 points. There's been a few more cash cattle sales reported in the North at $245, which is steady with Wednesday's trade. Otherwise the market remains idle. Asking prices are firm in the South at $240-plus and at $386 in the North.

Posted 08:37 -- October live cattle are down $0.60 at $234.25, September feeder cattle are down $1.00 at $357.1, October lean hogs are up $0.35 at $90.3, December corn is up 1 1/2 cents per bushel and December soybean meal is down $1.70. The Dow Jones Industrial Average is down 182.55 points and NASDAQ is down 61.79 points. Beef net sales of 10,100 mt for 2025 were up noticeably from the previous week, but down 11% from the prior 4-week average. The three largest buyers were Japan (2,500 mt), Hong Kong (2,400 mt) and South Korea (1,600 mt). Pork net sales of 19,200 mt for 2025 were down 9% from the previous week and 29% from the prior 4-week average. The three largest buyers were Mexico (5,300 mt), South Korea (4,000 mt) and Japan (2,600 mt).

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