DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:45 -- December corn is down 1 1/4 cents per bushel, November soybeans are down 1 3/4 cents, December KC wheat is down 4 1/4 cents, December Chicago wheat is down 1/2 cent and MIAX December Minneapolis wheat is down 0.0050 cents. The Dow Jones Industrial Average is down 145.30 points. The U.S. Dollar Index is up 0.620 and November crude oil is up $1.54 per barrel. December gold is down $48.90 per ounce. At midday, corn, soybeans and wheat have given up early gains to trade lower with the exception of bean oil. There is talk that Argentina may have sold another 10-12 cargoes of soybeans this morning with some going to China. The cut in export taxes has made Argentina much more competitive in world markets on beans and products.

Posted 10:34 -- December corn is down 2 1/2 cents per bushel, November soybeans are down 3/4 cent, December KC wheat is down 1 cent, December Chicago wheat is up 2 1/2 cents and MIAX December Minneapolis wheat is up 0.0100 cents. The Dow Jones Industrial Average is down 51.65 points. The U.S. Dollar Index is up 0.580 and November crude oil is up $1.29 per barrel. December gold is down $33.90 per ounce. At midmorning corn has given up early gains to trade lower while soybeans are little changed and wheat mixed in very quiet trade. The EIA reported ethanol production last week slipped 31,000 barrels per day (bpd) to 1.024 million bpd as plants took more down time.

Posted 08:31 -- December corn is up 1/4 cent per bushel, November soybeans are up 3 3/4 cents, December KC wheat is up 3 cents, December Chicago wheat is up 3 1/4 cents and MIAX December Minneapolis wheat is up 0.0225 cents. The Dow Jones Industrial Average is up 100.06 points. The U.S. Dollar Index is up 0.600 and November crude oil is up $1.00 per barrel. December gold is down $16.80 per ounce. USDA: Private exporters reported the following sales: 101,400 mt of soybean cake and meal to Guatemala for 2025/2026 and 312,956 mt (12.3 mb) of corn to Mexico for 2025-26 . This is the third consecutive day corn sales to Mexico have been announced. Soybeans and wheat are rising while corn is nearly unchanged in quiet trade.

Livestock

Posted 11:15 -- December live cattle are down $1.05 at $237.7, October feeder cattle are down $1.93 at $360.2, December lean hogs are down $2.28 at $88.45, December corn is down 2 cents per bushel and December soybean meal is down $0.20. The Dow Jones Industrial Average is down 146.39 points and NASDAQ is down 156.20 points. Asking prices are noted in the South at $244 to $245 but are still not known in the North. It's likely trade will be delayed until Thursday or Friday. The futures contracts are lower as the equity markets have softened which has caused traders to be leerier of advancing the livestock contracts.

Posted 08:37 -- December live cattle are down $0.53 at $238.225, October feeder cattle are down $1.08 at $361.05, December lean hogs are down $0.50 at $90.225, December corn is down 1/4 cent per bushel and December soybean meal is up $1.00. The Dow Jones Industrial Average is up 143.17 points and NASDAQ is up 21.12 points. The cattle contracts are off to a slightly lower start as traders feel pressured by resistance thresholds. Still no trade has developed in the fed cash cattle market and even asking prices remain elusive at this point.

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