DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:50 -- December corn is up 3 3/4 cents per bushel, November soybeans are up 7 cents, December KC wheat is up 12 cents, December Chicago wheat is up 5 cents and MIAX December Minneapolis wheat is up 0.1400 cents. The Dow Jones Industrial Average is down 46.06 points. The U.S. Dollar Index is down 0.160 and October crude oil is up $0.40 per barrel. December gold is up $22.80 per ounce. Heading into the Monday close, grain and soy markets have moved higher, led by MIAX Minneapolis and Kansas City wheat. In fact, all three wheat markets would finish with a bullish engulfing line reversal chart pattern if the gains are maintained into the close.

Posted 10:33 -- December corn is up 1/4 cent per bushel, November soybeans are up 1/4 cent, December KC wheat is up 6 1/4 cents, December Chicago wheat is up 3 cents and MIAX December Minneapolis wheat is up 0.0350 cents. The Dow Jones Industrial Average is up 81.04 points. The U.S. Dollar Index is down 0.220 and October crude oil is up $0.65 per barrel. December gold is up $24.00 per ounce. At mid-morning, corn, soybeans and bean oil and soymeal are little changed. Wheat is maintaining modest strength in slow and low volume trade.

Posted 08:41 -- December corn is down 2 cents per bushel, November soybeans are up 3/4 cent, December KC wheat is up 1 cent, December Chicago wheat is up 3/4 cent and MIAX December Minneapolis wheat is steady. The Dow Jones Industrial Average is down 13.40 points. The U.S. Dollar Index is down 0.280 and October crude oil is up $0.89 per barrel. December gold is up $9.80 per ounce. Soybeans and wheat are just a bit firmer, and corn is lower early Monday in slow trade. The advancing harvests, slowing demand and the lack of China's buying interest are weighing on markets.

Posted 7:14 p.m. Sunday: December corn is down 1 cent and November soybeans are up 3/4 cent Sunday evening. December KC wheat is down 1 1/4 cents, December Chicago wheat is down 1 1/4 cents, and December MIAX Minneapolis wheat is down 1 cent. October crude oil is up $0.42 and Dow Jones futures are up 90 points. The U.S. Dollar Index is up 0.13 and December gold is down $24.40. Grain markets are quiet and mixed to begin the new week after a sluggish start to September last week which saw row crop prices continue to bear the weight of large U.S. crop estimates with harvest just around the corner. We may see crop conditions for corn and soybeans decline again in Monday afternoon's USDA NASS weekly Crop Progress update following another mostly dry week for the Eastern Grain Belt and instances of frost during the past few days as well, although the extent of potential damage in that regard is still unknown at this point. In outside market news, OPEC+ agreed over the weekend to additional crude production increases in October. This strains an already heavily supplied market and may weigh on energy prices to begin the week. Soybean oil futures are of particular interest within the ag complex after trading lower in seven of the past 10 sessions, pressuring the soybean market as a result.

Livestock

Posted 11:47 -- October live cattle are up $0.08 at $236.05, October feeder cattle are up $1.65 at $359.55, October lean hogs are down $0.78 at $95.25, December corn is up 2 1/2 cents per bushel and December soybean meal is up $1.80. The Dow Jones Industrial Average is down 12.39 points and NASDAQ is up 116.18 points. The livestock complex is starting the week out stronger as traders see an opportunity to advance the contracts. New showlists appear to be mixed, higher in Kansas, but lower in Texas and Nebraska/Colorado.

Posted 08:38 -- October live cattle are up $0.68 at $236.65, October feeder cattle are up $1.08 at $358.975, October lean hogs are down $0.18 at $95.85, December corn is down 1 3/4 cents per bushel and December soybean meal is down $0.00. The Dow Jones Industrial Average is down 30.70 points and NASDAQ is up 109.52 points. The cattle contracts have found some technical support following last week's deterioration. It will be imperative to see exactly how many cattle sold last week on USDA's report midmorning as that will indicate how aggressive packers will likely be in this week's cash market.

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