DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:46 -- December corn is unchanged, November soybeans are down 13 cents, December KC wheat is down 3 1/2 cents, December Chicago wheat is down 2 1/2 cents and MIAX December Minneapolis wheat is down 0.0300 cents. The Dow Jones Industrial Average is up 151.81 points. The U.S. Dollar Index is up 0.250 and November crude oil is down $0.74 per barrel. December gold is up $32.80 per ounce. Heading to the close for the week, soybeans and bean oil are down hard and wheat markets are weaker and heading toward the lows. November beans have just fallen below the 50-day moving average as no grain deal has yet been reached with China. Some analysts are dropping U.S. bean exports by 300 mb below the September WASDE estimate as a result.

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Posted 10:41 -- December corn is up 1 cents and November soybeans are down 6 1/2 cents. December KC wheat is down 2 1/2 cents, December Chicago wheat is down 2 1/4 cents, and December MIAX Minneapolis wheat is up 1/2 cents. November crude oil is down $0.86 and Dow Jones futures are down 37 points. The U.S. Dollar Index is up 0.32 and December gold is up $25.10. U.S. row-crop futures are mixed overall for Friday with soybeans down for a third consecutive session, erasing any gains made in the short-lived rally following last week's WASDE report. President Trump and President Xi of China are speaking today on trade issues; there have been few details thus far but the soybean complex has seemingly lost faith that the discussions are including agricultural trade issues, with most of the headlines and pre-talk concerns centered around TikTok and other technology.

Posted 08:32 -- December corn is up 1 1/4 cents per bushel, November soybeans are up 2 3/4 cents, December KC wheat is down 1 3/4 cents, December Chicago wheat is down 1 cent and MIAX December Minneapolis wheat is up 0.0100 cents. The Dow Jones Industrial Average is up 94.61 points. The U.S. Dollar Index is up 0.300 and November crude oil is down $0.40 per barrel. December gold is up $10.60 per ounce. USDA: private exporters reported sales of 206,460 mt (8.1 mb) of corn for delivery to unknown destinations during the 2025-26 marketing year. Corn, beans and meal are just slightly higher and wheat is mixed to mostly lower early Friday.

Livestock

Posted 11:40 -- October live cattle are up $1.03 at $233.4, October feeder cattle are up $2.33 at $354.05, December lean hogs are down $0.10 at $87.6, December corn is down 1 cent per bushel and December soybean meal is down $0.30. The Dow Jones Industrial Average is up 123.28 points and NASDAQ is up 103.50 points. No new cash cattle trade has developed Friday but bids are on the table in all major feeding areas. Take note: this afternoon the monthly Cattle on Feed report will be shared as well.

Posted 08:36 -- October live cattle are up $0.20 at $232.575, October feeder cattle are up $0.28 at $352., December lean hogs are up $0.30 at $88., December corn is up 1 cent per bushel and December soybean meal is up $1.20. The Dow Jones Industrial Average is up 85.98 points and NASDAQ is up 87.48 points. It will be a busy day for the cattle complex as the market needs to see more cash cattle traded and later this afternoon the monthly Cattle on Feed report will be shared. Asking prices in the South are firm at $240 plus and in the North at $372.

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