DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:49 -- December corn is steady, November soybeans are down 3 1/2 cents, December KC wheat is up 1/2 cent, December Chicago wheat is up 1 1/4 cents and MIAX December Minneapolis wheat is down 0.0200 cents. The Dow Jones Industrial Average is down 318.09 points. The U.S. Dollar Index is down 0.680 and October crude oil is down $1.81 per barrel. December gold is up $44.20 per ounce. Heading for the Friday close, corn has moved back to near unchanged, soybeans and bean oil are leaking lower and wheat is mixed. New estimates from S&P Global resulted in a net increase in both corn and soy yields from August with corn at a record 189.1 bpa. U.S. soybean new-crop sales commitments are reported to be the lowest since 2019. Expectations are for the Fed to lower rates in September following disappointing jobs numbers.

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Posted 10:34 -- December corn is up 3 1/4 cents per bushel, November soybeans are unchanged, December KC wheat is up 3/4 cent, December Chicago wheat is up 1 3/4 cents and MIAX December Minneapolis wheat is up 0.0175 cents. The Dow Jones Industrial Average is down 240.22 points. The U.S. Dollar Index is down 0.820 and October crude oil is down $1.89 per barrel. December gold is up $38.20 per ounce. At midmorning, corn, wheat and soymeal are a bit firmer while soybeans are little changed and bean oil is heading lower on a quiet trading day.

Posted 08:31 -- December corn is up 1 cent per bushel, November soybeans are steady, December KC wheat is down 1 cent, December Chicago wheat is steady and MIAX December Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is up 112.32 points. The U.S. Dollar Index is down 0.650 and October crude oil is down $1.24 per barrel. December gold is up $25.50 per ounce. USDA: private exporters reported 123,000 mt (4.5 mb) of soybeans to unknown destinations for 2025/2026 and 204,650 mt (7.5 mb) of soybeans to unknown destinations for 2025/2026. Soybeans and wheat mixed while corn is modestly firmer to start.

Livestock

Posted 11:33 -- October live cattle are down $1.58 at $235.375, October feeder cattle are down $2.90 at $356.05, October lean hogs are up $1.15 at $96.175, December corn is up 1 3/4 cents per bushel and December soybean meal is up $1.40. The Dow Jones Industrial Average is down 275.80 points and NASDAQ is down 51.50 points. The livestock complex is keeping with the trend largely maintained throughout the week as the cattle contracts continue to slip lower; but the lean hog contracts are inching higher. No new cash cattle trade has developed and it's looking like the vast majority of the week's business is done with.

Posted 08:35 -- October live cattle are down $0.35 at $236.6, October feeder cattle are down $0.30 at $358.65, October lean hogs are up $0.35 at $95.375, December corn is up 1 cent per bushel and December soybean meal is up $1.70. The Dow Jones Industrial Average is up 142.34 points and NASDAQ is up 122.79 points. Beef net sales of 16,600 mt for 2025 were up 22% from the previous week and 51% from the prior 4-week average. The three largest buyers were Japan (5,000 mt), South Korea (4,600 mt) and Taiwan (2,400 mt). Pork net sales of 23,700 mt for 2025 were down 44% from the previous week and 17% from the prior 4-week average. The three largest buyers were Mexico (10,100 mt), Japan (2,300 mt) and Canada (2,100 mt).

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