DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:51 -- December corn is down 4 cents per bushel, November soybeans are down 2 cents, December KC wheat is down 5 cents, December Chicago wheat is down 8 1/4 cents and MIAX December Minneapolis wheat is down 0.1300 cents. The Dow Jones Industrial Average is up 136.61 points. The U.S. Dollar Index is down 0.050 and October crude oil is up $0.70 per barrel. December gold is up $15.70 per ounce. It has been a rough day in the grain and soy markets, especially wheat. Kansas City wheat fell to a new low and MIAX Minneapolis also plunged to a new conrtact low. Corn continues to grind lower and has fallen back under the 20-day moving average again as plentiful supplies both here and from other major exporters are set to pressure values. End users appear to be slowing down, preferring to go hand-to-mouth.
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Posted 10:30 -- December corn is down 2 3/4 cents per bushel, November soybeans are up 1 3/4 cents, December KC wheat is down 4 1/2 cents, December Chicago wheat is down 6 1/2 cents and MIAX December Minneapolis wheat is down 0.0825 cents. The Dow Jones Industrial Average is up 132.16 points. The U.S. Dollar Index is up 0.220 and October crude oil is up $0.37 per barrel. December gold is up $2.90 per ounce. Wheat, corn and soy products remain lower while soybeans have been able to trade a bit higher based on the dry forecast over the next week. Weighing on beans continues to be the failure to solidify a deal with China, but a meeting is allegedly scheduled this week between Chinese and U.S. trade representatives.
Posted 08:34 -- December corn is down 2 1/2 cents per bushel, November soybeans are down 4 1/2 cents, December KC wheat is down 7 1/4 cents, December Chicago wheat is down 7 1/2 cents and MIAX December Minneapolis wheat is down 0.0350 cents. The Dow Jones Industrial Average is up 25.04 points. The U.S. Dollar Index is up 0.380 and October crude oil is up $0.26 per barrel. December gold is down $5.70 per ounce. Grain and soy markets are under heavy pressure with wheat leading the way lower. Kansas City wheat has again printed a new contract low. Lower Russian wheat offers are weighing on values. Weather continues to be mostly nonthreatening to row crops, though some areas need a finishing rain.
LivestockPosted 11:39 -- October live cattle are up $3.08 at $241.275, September feeder cattle are up $3.68 at $368.725, October lean hogs are up $0.95 at $94.375, December corn is down 2 3/4 cents per bushel and December soybean meal is down $3.30. The Dow Jones Industrial Average is up 93.41 points and NASDAQ is down 5.08 points. It's been a wild day thus far for the livestock complex as traders are pushing all three of the market sharply higher into Wednesday's noon hour. A single bid of $245 is currently being offered in Nebraska, but still no cattle have traded.
Posted 08:42 -- October live cattle are up $0.53 at $238.725, September feeder cattle are up $1.20 at $366.25, October lean hogs are up $0.53 at $93.95, December corn is down 2 3/4 cents per bushel and December soybean meal is down $1.70. The Dow Jones Industrial Average is up 49.76 points and the NASDAQ is down 16.81 points. The cattle contracts are again rallying into the day's start as fundamental support remains ample, and traders don't seem concerned that the market is trading at all-time highs. Still no cash cattle trade has developed, but asking prices are noted at $243 in the South.
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