DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:48 -- December corn is down 5 cents per bushel, November soybeans are down 10 cents, December KC wheat is down 1 cent, December Chicago wheat is down 5 3/4 cents and MIAX December Minneapolis wheat is down 0.0300 cents. The Dow Jones Industrial Average is down 273.51 points. The U.S. Dollar Index is down 0.280 and October crude oil is down $1.83 per barrel. December gold is up $45.60 per ounce. Heading into the Wednesday close it looks like a bearish finish to the day with soybean, bean oil, and corn losses big and KC December wheat coming within 1 1/4 cents of the low. The lack of a China deal and some rain moving through Nebraska, Iowa and northern Illinois is helping. Falling global wheat and corn offers are pressuring the markets as well.

Posted 10:36 -- December corn is down 6 cents per bushel, November soybeans are down 6 3/4 cents, December KC wheat is down 2 1/4 cents, December Chicago wheat is down 4 1/2 cents and MIAX December Minneapolis wheat is down 0.0425 cents. The Dow Jones Industrial Average is down 138.56 points. The U.S. Dollar Index is down 0.370 and October crude oil is down $1.72 per barrel. December gold is up $37.80 per ounce. At mid-morning, corn and soybean losses are accelerating while wheat has again gone negative with both Kansas City and MIAX Minneapolis December contracts challenging the lows. Bean oil futures are falling with the weak crude oil market.

Posted 08:32 -- December corn is down 1 1/2 cents per bushel, November soybeans are down 2 3/4 cents, December KC wheat is up 3 3/4 cents, December Chicago wheat is up 1 1/4 cents and MIAX December Minneapolis wheat is down 0.0100 cents. The Dow Jones Industrial Average is down 61.72 points. The U.S. Dollar Index is down 0.100 and October crude oil is down $1.09 per barrel. December gold is up $28.40 per ounce. USDA: Private exporters reported sales of 185,000 metric tons of soybean cake and meal for delivery to Philippines during the 2025-26 marketing year. Corn and soybeans are down while wheat has recovered to trade slightly higher in quiet early trade.

Livestock

Posted 11:35 -- October live cattle are down $0.78 at $238.75, October feeder cattle are down $1.93 at $361.775, October lean hogs are down $1.35 at $94.2, December corn is down 5 3/4 cents per bushel and December soybean meal is down $1.20. The Dow Jones Industrial Average is down 178.87 points. A few bids are on the table in Kansas and Nebraska at $242. Several dollars below current asking prices of $245 in the South but they are not established in the North as of yet. Significant trade volume will likely be delayed until Thursday or later. Beef cutouts are higher at midday (choice 416.05 +2.63, select 387.76 +1.59) with light to moderate box movement (39 lds of choice cuts, 13 lds of select cuts, 09 lds of trim, and 09 lds of ground), with a choice/select spread of 28.29. Wednesday's projected cattle slaughter is 120,000. Pork cutouts at midday are 115.22, +1.10, with 262.89 total loads. Wednesday's projected hog slaughter is 480,000.

Posted 08:42 -- October live cattle are down $0.30 at $239.225, October feeder cattle are down $1.18 at $362.525, October lean hogs are down $0.93 at $94.625, December corn is down 1 1/2 cents per bushel and December soybean meal is down $0.40. The Dow Jones Industrial Average is down 16.20 points. Cash cattle country is off to another slow start this morning with bids and asking prices not established. Significant trade volume will likely be delayed until Thursday and/or Friday. The CME Feeder Index for Sept. 1, 2025, was $0.25 higher at $365.52, the projected CME Lean Hog Index for Sept. 1, 2025, was not available due to the Labor Day holiday.

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