DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:28 -- December corn is up 1/4 cent per bushel, November soybeans are down 12 1/4 cents, December KC wheat is up 1 1/4 cents, December Chicago wheat is up 3 1/4 cents and MIAX December Minneapolis wheat is up 0.0250 cents. The Dow Jones Industrial Average is down 252.84 points. The U.S. Dollar Index is up 0.480 and October crude oil is up $1.33 per barrel. December gold is down $0.40 per ounce. The soy complex is under pressure led by soybeans which are trading down hard. Corn futures have given up early gains and threaten to go negative while wheat markets are higher but only by a cent or two.

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Posted 10:29 -- December corn is up 2 cents per bushel, November soybeans are down 6 1/4 cents, December KC wheat is up 6 1/4 cents, December Chicago wheat is up 8 cents and MIAX December Minneapolis wheat is up 0.0500 cents. The Dow Jones Industrial Average is down 182.57 points. The U.S. Dollar Index is up 0.280 and October crude oil is up $1.03 per barrel. December gold is up $1.00 per ounce. Soybeans and bean oil are under pressure while soymeal has given up much of the early strength. Corn is slipping but still higher and the wheat markets are extending gains.

Posted 08:34 -- December corn is up 3 cents per bushel, November soybeans are down 2 3/4 cents, December KC wheat is up 2 1/2 cents, December Chicago wheat is up 4 1/2 cents and MIAX December Minneapolis wheat is up 0.0050 cents. The Dow Jones Industrial Average is down 74.22 points. The U.S. Dollar Index is up 0.210 and October crude oil is up $0.80 per barrel. December gold is down $8.20 per ounce. Soybeans and bean oil are trading a bit weaker while wheat and corn markets are moderately firmer early Monday. Traders are trying to assess the less optimistic Midwest crop tour results compared to the lofty August USDA findings.

Posted 19:07 Sunday -- December corn is up 1 1/2 cents per bushel, November soybeans are up 1/4 cent, December KC wheat is down 1/4 cent, December Chicago wheat is up 1 cent and MIAX December Minneapolis wheat is down 0.0050 cent. The Dow Jones Industrial Average is up 846.24 points. The U.S. Dollar Index is up 0.140, and October crude oil is up $0.10 per barrel. December gold is down $3.10 per ounce. A crop tour last week finished up with a corn yield that was 6 bushels per acre below that of USDA, but history says that is common. Scouts reported finding more disease and dryness issues. Soybean yield was estimated just slightly below the August WASDE. There were some weekend showers in the central and southern Plains, but the forecast looks dry for the Eastern Corn Belt this week. Corn, beans and wheat are little changed early Sunday night.

Livestock

Posted 11:45 -- October live cattle are down $1.00 at $236.875, September feeder cattle are down $1.03 at $361.65, October lean hogs are up $0.30 at $91.5, December corn is up 2 cents per bushel and December soybean meal is up $0.10. The Dow Jones Industrial Average is down 227.81 points and NASDAQ is up 56.54 points. Although the cattle complex is still on edge following the announcement of a positive case of New World screwworm in a human over the weekend, the contracts aren't trading as low as they were earlier Monday morning as traders have settled down a bit. New showlists appear to be lower in all major feeding areas.

Posted 08:38 -- October live cattle are down $2.48 at $235.4, September feeder cattle are down $4.70 at $357.975, October lean hogs are up $0.53 at $91.725, December corn is up 3 cents per bushel and December soybean meal is up $1.70. The Dow Jones Industrial Average is down 83.81 points and NASDAQ is down 81.11 points. The cattle complex is off to a sharply lower start at Monday's morning bell as traders absorb Friday's Cattle on Feed report, and the breaking news over the weekend that a confirmed case of New World screwworm was found in a person traveling from abroad into Maryland. It's likely that the cattle complex will keep this unsettled tone throughout the day.

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