DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 4 1/2 cents and November soybeans are down 3 cents. December KC wheat is down 1/2 cents, December Chicago wheat is down 0 cents, and December MIAX Minneapolis wheat is down 2 1/4 cents. October crude oil is down $0.58 and Dow Jones futures are down 192 points. The U.S. Dollar Index is down 0.03 and December gold is up $33.10. At midmorning, corn futures remain higher, challenging resistance at the 50-day moving average near $4.15 on the December contract but yet unsuccessful in surpassing it. Meanwhile, soybean futures are lower and wheat futures are mixed, with the latter receiving some positive influence from the corn market.

Posted 08:38 -- December corn is up 3 1/2 cents and November soybeans are down 2 3/4 cents. December KC wheat is up 1/2 cents, December Chicago wheat is up 1/2 cents, and December MIAX Minneapolis wheat is down 1 1/2 cents. October crude oil is down $0.22 and Dow Jones futures are down 84 points. The U.S. Dollar Index is up 0.25 and December gold is up $7.80. Row-crop futures are mostly lower ahead of the holiday weekend in what is thus far a very similar trade to Thursday with corn futures the sole higher market. It has been an overall quiet week as traders at this point may be awaiting actual harvest results before committing to larger positions in either direction.

Livestock

Posted 08:35 -- October live cattle are up $0.35 at $237.275, October feeder cattle are up $0.40 at $361.925, October lean hogs are down $0.10 at $94.175, December corn is up 2 1/2 cents per bushel and December soybean meal is down steady. The Dow Jones Industrial Average is down 61.23 points and NASDAQ is down 85.95 points. The cash cattle market is quiet again at Friday's start as no new bids have been posted just yet. Some light trade has developed in both regions already, but it's likely more trade will need to develop throughout the day. Thus far this week Southern live cattle have traded at $242 ($2.00 higher) and Northern dressed cattle have traded at mostly $385 ($1.00 lower). Asking prices are firm in the South at $245 and in the North at $390.

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