DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:53 -- December corn is up 3 1/4 cents per bushel, November soybeans are down 1 1/2 cents, December KC wheat is up 8 1/4 cents, December Chicago wheat is up 9 1/4 cents and MIAX December Minneapolis wheat is up 0.0425 cents. The Dow Jones Industrial Average is down 109.56 points. The U.S. Dollar Index is down 0.120 and November crude oil is up $0.96 per barrel. December gold is up $35.30 per ounce. As we head into the close, soybeans have once again traded lower, while corn and Wheat appear to be modestly bouncing on low volume and little fresh news. Argentina's relaxation of export taxes and rumors that China bought 1 mmt of Argentine beans weighed on sentiment early.

Posted 10:33 -- December corn is up 3 cents per bushel, November soybeans are up 2 cents, December KC wheat is up 6 1/2 cents, December Chicago wheat is up 9 cents and MIAX December Minneapolis wheat is up 0.0425 cents. The Dow Jones Industrial Average is up 135.42 points. The U.S. Dollar Index is up 0.060 and November crude oil is up $1.52 per barrel. December gold is up $38.50 per ounce. At midmorning, wheat and corn have rebounded sharply from overnight lows, while soybeans have also bounced back a bit but are just over a penny higher. There is really not a lot of news besides the Argentine soy rumors and rains moving across the U.S. likely to stall harvest efforts for a few days.

Posted 08:34 -- December corn is up 1 1/4 cents per bushel, November soybeans are down 3 1/2 cents, December KC wheat is unchanged, December Chicago wheat is up 2 cents and MIAX December Minneapolis wheat is up 0.0050 cents. The Dow Jones Industrial Average is up 139.65 points. The U.S. Dollar Index is down 0.010 and November crude oil is up $0.85 per barrel. December gold is up $43.50 per ounce. Soybeans and products are lower again for the fifth straight day with rumors of China buying Argentine beans. Corn and wheat have recovered from overnight weakness. USDA: private exporters reported sales of 122,947 mt (4.8 mb) of corn to Mexico. Of the total, 100,593 mt (3.9 mb) is for the 2025-26 marketing year, and 22,354 mt is for the 2026-27 marketing year.

Livestock

Posted 11:36 -- December live cattle are down $1.28 at $238.95, October feeder cattle are up $1.30 at $362.65, December lean hogs are up $1.70 at $90.45, December corn is up 2 cents per bushel and December soybean meal is down $1.90. The Dow Jones Industrial Average is up 15.30 points and NASDAQ is down 88.52 points. Except a few of the nearby live cattle contracts, the rest of the livestock complex is trading higher into Tuesday's noon hour. Still no cash cattle trade has developed and asking prices are unknown at this point. Trade will likely be delayed until Wednesday or later.

Posted 08:35 -- December live cattle are up $0.13 at $240.35, October feeder cattle are up $0.95 at $362.3, December lean hogs are up $1.13 at $89.875, December corn is up 1 1/2 cents per bushel and December soybean meal is down $3.10. The Dow Jones Industrial Average is up 130.23 points and NASDAQ is down 11.39 points. The livestock complex is continuing to rally as support remains plentiful from traders. No bids or asking prices have surfaced yet for the cash cattle market.

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