DTN's Quick Takes

By DTN Analysts

Grains

Posted 10:28 -- December corn is down 5 3/4 cents per bushel, November soybeans are down 2 1/4 cents, December KC wheat is up 2 1/4 cents, December Chicago wheat is up 2 cents and MIAX December Minneapolis wheat is up 0.0200 cents. The Dow Jones Industrial Average is up 2.89 points. The U.S. Dollar Index is down 0.200 and October crude oil is up $0.59 per barrel. December gold is up $18.90 per ounce. At mid-morning, corn and soy have weakened, bean oil is well off its highs and wheat is slightly firmer. Reports are that China late last week bought more Brazilian and Argentine beans while the U.S. and China are still meeting.

Posted 08:34 -- December corn is down 4 1/4 cents per bushel, November soybeans are up 2 cents, December KC wheat is down 1/2 cent, December Chicago wheat is up 1 1/4 cents and MIAX December Minneapolis wheat is down 0.0275 cents. The Dow Jones Industrial Average is up 47.52 points. The U.S. Dollar Index is down 0.180 and October crude oil is up $0.55 per barrel. December gold is up $5.50 per ounce. USDA: Private exporters reported sales of 148,971 mt (5.9 mb) of corn for delivery to unknown destinations during the 2025-26 marketing year. Corn is under pressure, beans are slightly firmer and wheat is still mixed early Monday. Bean oil is up for the fourth straight day, getting a boost from the crude oil strength.

Posted 19:08 Sunday -- December corn is down 2 1/2 cents and November soybeans are down 2 1/2 cents. December KC wheat is down 1 1/2 cents, December Chicago wheat is down 1 cent, and December MIAX Minneapolis wheat is down 1 1/4 cents. October crude oil is up $0.03 and Dow Jones futures are down 4 points. The U.S. Dollar Index is up 0.12 and December gold is down $14.90. Grain markets are moderately lower to begin the new week after a surprisingly bullish close to last week's trade on Friday given the findings of USDA's September WASDE which again pointed to an even larger record U.S. corn crop, larger U.S. soybean production, and revisions higher to most world wheat crops as well. The initial market reaction begged the question of whether traders simply didn't believe the USDA's estimates given the dryness in the Eastern Corn Belt through August and September thus far. Moving ahead, each week will feature more actual harvest reports from around the U.S., which the market will certainly be monitoring closely.

Livestock

OMAHA (DTN) -- October live cattle are up $4.28 at $234.25, October feeder cattle are up $8.33 at $354.125, October lean hogs are up $0.85 at $97.975, December corn is down 6 1/4 cents per bushel and December soybean meal is down $2.40. The Dow Jones Industrial Average is up 36.30 points and NASDAQ is up 195.38 points. It's been a relief to see the cattle contracts trading higher early this week after the spot October live cattle contract closed below its 40-day moving average Friday, which could have triggered some additional technical pressure. New showlists appear to be mixed, higher in Kansas, but lower in Texas, and Nebraska/Colorado.

Posted 08:38 -- October live cattle are up $2.38 at $232.35, October feeder cattle are up $3.83 at $349.625, October lean hogs are up $1.05 at $98.175, December corn is down 5 cents per bushel and December soybean meal is down $3.60. The Dow Jones Industrial Average is up 34.57 points and NASDAQ is up 123.95 points. It's positive to see traders pushing the live cattle contracts higher as the market closed below its 40-day moving average on Friday, which could have triggered additional downward pressure, but thankfully at Monday's start that hasn't been the case. It will be imperative to see exactly how many fed cash cattle were traded last week as that will indicate how aggressive packers could be in this week's cash market.

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