DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is up 4 1/4 cents per bushel, November soybeans are up 10 cents, December KC wheat is up 2 1/2 cents, December Chicago wheat is up 6 3/4 cents and MIAX December Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 608.39 points. The U.S. Dollar Index is down 0.230 and October crude oil is down $1.13 per barrel. December gold is down $9.20 per ounce. Going into the Thursday close, corn, soybeans, soy products and wheat have all moved higher, led by soybeans in likely pre-report short covering. On a bearish note, Brazil's CONAB raised Brazil corn production to a record 139.7 mmt and Brazil soy production to a record large 171.5 mmt. I read that FBN pegged the U.S. corn yield at a lofty 187.8 bpa and U.S. soybeans at a record 55 bpa.

Posted 10:37 -- December corn is unchanged, November soybeans are up 9 3/4 cents, December KC wheat is down 1/2 cent, December Chicago wheat is up 2 3/4 cents and MIAX December Minneapolis wheat is down 0.0050 cents. The Dow Jones Industrial Average is up 599.17 points. The U.S. Dollar Index is down 0.250 and October crude oil is down $1.20 per barrel. December gold is down $7.70 per ounce. At mid-morning, soybeans are very firm in a bout of short covering ahead of Friday's September WASDE report. Soy products are firm as well, while corn is unchanged and wheat mixed after Chicago fell to another new low.

Posted 08:33 -- December corn is up 1 3/4 cents per bushel, November soybeans are up 8 cents, December KC wheat is down 2 3/4 cents, December Chicago wheat is down 1/2 cent and MIAX December Minneapolis wheat is down 0.0150 cents. The Dow Jones Industrial Average is up 176.79 points. The U.S. Dollar Index is down 0.080 and October crude oil is down $1.27 per barrel. December gold is down $18.30 per ounce. Corn, soybeans and soy products are up and wheat is again falling after Russian wheat production was revised higher again. There is a bit of short-covering going on in beans after November respected the 50-day moving average again.

Livestock

Posted 11:50 -- October live cattle are up $1.60 at $232.75, October feeder cattle are up $2.80 at $353.2, October lean hogs are up $1.40 at $98.225, December corn is up 1 3/4 cents per bushel and December soybean meal is up $2.30. The Dow Jones Industrial Average is up 575.31 points and NASDAQ is up 138.37 points. The livestock complex is trading higher into Thursday's noon hour as traders believe that there's currently been enough downward pressure in the cattle sector, and in the lean hog complex traders are taking it upon themselves to advance the market beyond resistance. No new cash cattle trade has developed but bids are currently on the table.

Posted 08:36 -- October live cattle are down $0.13 at $231.025, October feeder cattle are down $0.60 at $349.8, October lean hogs are up $0.20 at $97.025, December corn is up 1 1/2 cents per bushel and December soybean meal is up $2.20. The Dow Jones Industrial Average is up 162.65 points and NASDAQ is up 93.54 points. Beef net sales of 12,100 mt for 2025 were down 27% from the previous week but up 8% from the prior 4-week average. The three largest buyers were Japan (3,400 mt), South Korea (2,400 mt) and Hong Kong (1,900 mt). Pork net sales of 17,300 mt for 2025 were down 27% from the previous week and 35% from the prior 4-week average. The three largest buyers were China (8,200 mt), Mexico (4,700 mt) and Honduras (1,500 mt).

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