DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 1/2 cent per bushel, November soybeans are up 4 1/2 cents, December KC wheat is down 4 1/4 cents, December Chicago wheat is down 1 1/2 cents and MIAX December Minneapolis wheat is up 0.0050 cents. The Dow Jones Industrial Average is up 889.35 points. The U.S. Dollar Index is down 1.010 and October crude oil is up $0.10 per barrel. December gold is up $37.70 per ounce. Heading into the close, soybean oil surged after Friday's EPA announcement on SREs and also clarifying that RINs will have a 2-year window for use, covering the compliance year in which they were generated and the following compliance year. The soybean market has followed soybean oil higher and corn is not sure what to do. Crude oil is higher and is seeing less pressure from peace talks that Trump is trying to set up between Russia and Ukraine as Russia has not responded, likely meaning until Ukraine gives in to Russia's demands, there will be no talks.

Posted 10:30 -- December corn is up 1/2 cent per bushel, November soybeans are up 4 cents, December KC wheat is down 1/2 cent, December Chicago wheat is up 1 3/4 cents and MIAX December Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is up 906.32 points. The U.S. Dollar Index is down 0.970 and October crude oil is up $0.07 per barrel. December gold is up $39.90 per ounce. Corn is trading both sides so far after more fresh business was announced Friday morning. Soybeans and soybean oil turned the corner higher after the EPA announcement came out at 10 a.m. EPA stated that 2022 and earlier vintage RINs will not impact the number of RINs available to meet 2024 and future compliance obligations and are not expected to impact demand for biofuels. EPA also said of the 175 SRE petitions, EPA is granting full exemptions to 63 petitions, granting partial exemptions to 77 petitions, denying 28 petitions, and determining 7 petitions to be ineligible.

Posted 08:36 -- December corn is down 1/2 cent per bushel, November soybeans are up 3 1/2 cents, December KC wheat is down 2 1/4 cents, December Chicago wheat is down 2 cents and MIAX December Minneapolis wheat is up 0.0100 cents. The Dow Jones Industrial Average is up 251.37 points. The U.S. Dollar Index is up 0.040 and October crude oil is up $0.16 per barrel. December gold is down $8.40 per ounce. USDA: private exporters reported the following sales activity: 119,769 mt (4.7 mb) of corn to Costa Rica for 2025/2026 and 140,452 mt (5.5 mb) of corn to Spain for 2025/2026. Corn and wheat are mixed to lower in quiet trade while soybeans are slightly higher, but bean oil has given up early gains to trade lower.

Livestock

Posted 11:45 -- October live cattle are up $1.53 at $236.25, September feeder cattle are up $3.03 at $361.05, October lean hogs are up $1.30 at $91.225, December corn is down 1/2 cent per bushel and December soybean meal is down $3.20. The Dow Jones Industrial Average is up 906.56 points and NASDAQ is up 363.23 points. It will be a busy afternoon for the cattle complex as more cash cattle trade needs to develop and the monthly Cattle on Feed report will be released as well. Placements are expected to be lower but to what degree remains the unanswered question.

Posted 08:35 -- October live cattle are down $0.25 at $234.475, September feeder cattle are down $0.05 at $357.975, October lean hogs are up $0.43 at $90.35, December corn is down 1/2 cent per bushel and December soybean meal is up $1.00. The Dow Jones Industrial Average is up 285.50 points and NASDAQ is down 4.42 points. No bids are currently on the table this morning for the fed cattle complex, but asking prices are firm in the South at $240 plus and in the North at $386 plus. So far this week there's been some cattle traded in Nebraska at $385, which is $2.00 higher than last week's weighted average and a handful of cattle have traded in Kansas at $237, but no cattle have traded in Texas. Do note that this afternoon, the monthly Cattle on Feed report will be shared.

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