DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:48 -- December corn is down 4 cents per bushel, November soybeans are up 1 cent, December KC wheat is down 7 3/4 cents, December Chicago wheat is down 8 cents and MIAX December Minneapolis wheat is down 0.0700 cents. The Dow Jones Industrial Average is up 339.16 points. The U.S. Dollar Index is down 0.370 and November crude oil is up $0.77 per barrel. December gold is up $41.10 per ounce. Going into the close, corn futures are under pressure on the expected pre-weekend hedging as it should be a big week of harvesting. Wheat continues to slide after the EU joined Russia and Australia raising crop estimates. Soybeans and soy products are still holding in the green, but barely. Rumors of more buying of Argentine soybeans by China is a heavy weight.

Posted 10:32 -- December corn is down 3 3/4 cents per bushel, November soybeans are up 1/2 cent, December KC wheat is down 6 1/4 cents, December Chicago wheat is down 6 3/4 cents and MIAX December Minneapolis wheat is down 0.0525 cents. The Dow Jones Industrial Average is up 241.74 points. The U.S. Dollar Index is down 0.370 and November crude oil is up $1.36 per barrel. December gold is up $38.40 per ounce. At midmorning only the soy complex is higher while wheat and corn are under heavy pressure. We should see harvest accelerate rapidly with a mostly clear forecast ahead.

Posted 08:31 -- December corn is down 1 3/4 cents per bushel, November soybeans are down 1 1/2 cents, December KC wheat is down 4 3/4 cents, December Chicago wheat is down 5 3/4 cents and MIAX December Minneapolis wheat is down 0.0400 cents. The Dow Jones Industrial Average is up 193.85 points. The U.S. Dollar Index is down 0.200 and November crude oil is up $0.28 per barrel. December gold is up $12.40 per ounce. Grain and soy markets are under pressure led by wheat. A clear weather forecast lies ahead for an acceleration of the row-crop harvests and likely hedging to come. Rising world wheat supplies continue to pressure that market.

Livestock

Posted 11:47 -- December live cattle are up $0.55 at $234.85, October feeder cattle are up $3.08 at $357.125, December lean hogs are up $2.83 at $91.45, December corn is down 3 1/2 cents per bushel and December soybean meal is up $0.80. The Dow Jones Industrial Average is up 290.08 points and NASDAQ is up 32.34 points. The livestock contracts are higher into Friday's noon hour as traders feel well enough supported to justify the late-week move. No new cash cattle trade has developed yet, but some more trade will likely develop ahead of the week's end. Do remember that this afternoon the monthly Cold Storage report will be shared.

Posted 08:36 -- December live cattle are down $1.20 at $233.1, October feeder cattle are down $1.60 at $352.45, December lean hogs are up $1.43 at $90.05, December corn is down 2 cents per bushel and December soybean meal is up $0.90. The Dow Jones Industrial Average is up 213.14 points and NASDAQ is up 63.88 points. The cattle complex is off to weaker start again today and unfortunately the spot December contract has broke below the market's 40-day moving average. At this point no bids are currently on the table but some more trade should develop in the cash market before the week's end.

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