DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:45 -- December corn is up 8 1/4 cents per bushel, November soybeans are up 12 cents, December KC wheat is up 1 3/4 cents, December Chicago wheat is steady and December Minneapolis wheat is down .0200 cents. The Dow Jones Industrial Average is down 191.22 points. The U.S. Dollar Index is up 0.070 and October crude oil is up $0.12 per barrel. December gold is up $14.40 per ounce. Heading for the close, corn and soybeans are still very strong after a strangely neutral to even bearish report, while wheat is mixed. USDA demand numbers for soybeans and corn could ultimately prove to be too optimistic. However, both markets seemed to break out of consolidation patterns to the upside -- a positive development. On wheat, the report was slightly friendly on the domestic side as exports were raised, but the increase in other major exporter supplies by close to 9 mmt since August cannot be positive for wheat.

Posted 10:35 -- December corn is up 4 3/4 cents per bushel, November soybeans are up 11 cents, December KC wheat is down 2 1/4 cents, December Chicago wheat is down 1 1/2 cents and December Minneapolis wheat is down .0350 cents. The Dow Jones Industrial Average is down 185.57 points. The U.S. Dollar Index is up 0.210 and October crude oil is up $1.05 per barrel. December gold is up $9.00 per ounce. Just ahead of the release of the September crop report and WASDE, corn and soybeans are firmer, suggesting that traders may be looking for a steeper decline in yield and production than the average estimates. Soybean oil is also stronger with the rally in crude oil. All three wheat contracts are lower.

Posted 08:37 -- December corn is up 1 1/4 cents per bushel, November soybeans are up 3 3/4 cents, December KC wheat is down 4 cents, December Chicago wheat is down 3 1/4 cents and December Minneapolis wheat is unchanged. The Dow Jones Industrial Average is down 58.11 points. The U.S. Dollar Index is up 0.280 and October crude oil is up $1.07 per barrel. December gold is up $12.80 per ounce. USDA: Private exporters reported sales of 22,000 metric tons of soybean oil for delivery to South Korea during the 2025/2026 marketing year. Corn and soy are a bit firmer, and wheat markets are weaker ahead of the report.

Livestock

Posted 11:49 -- October live cattle are down $1.83 at $230.45, October feeder cattle are down $4.20 at $348.15, October lean hogs are down $1.08 at $97.1, December corn is up 1/4 cent per bushel and December soybean meal is up $0.60. The Dow Jones Industrial Average is down 198.22 points and NASDAQ is up 93.09 points. Weaker tones are currently dominating the livestock complex as traders seem apprehensive to do much with the market ahead of the week's end. A few more sales have been noted in the fed cash cattle market but largely it's looking like the bulk of this week's business is done with.

Posted 08:36 -- October live cattle are up $0.03 at $232.3, October feeder cattle are up $0.13 at $352.475, October lean hogs are up $0.13 at $98.3, December corn is up 1 3/4 cents per bushel and December soybean meal is down $1.20. The Dow Jones Industrial Average is down 68.62 points and NASDAQ is up 25.29 points. There are some bids already being offered in the countryside this morning for live cattle in Kansas. So far this week Northern cattle have traded at mostly $375 to $378 which is $5.00 to $8.00 lower than last week's weighted average, and Southern cattle in Kansas have traded at mostly $235 to $238 which is $4.00 to $7.00 lower than last week's weighted average.

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