DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:46 -- December corn is down 6 1/4 cents per bushel, November soybeans are down 9 1/4 cents, December KC wheat is down 10 3/4 cents, December Chicago wheat is down 12 cents and MIAX December Minneapolis wheat is down 0.0600 cents. The Dow Jones Industrial Average is down 137.50 points. The U.S. Dollar Index is down 0.210 and November crude oil is down $0.97 per barrel. December gold is up $16.80 per ounce. A surprising boost in both corn and wheat Sept. 1 stocks compared to expectations have pummeled futures with wheat falling to a new contract low, December corn challenging the 50-day moving average, and November beans plunging below $10.05 support. Corn ending stocks rose 207 mb from September and all wheat production rose 58 mb from the previous report.

Posted 10:31 -- December corn is down 3 3/4 cents per bushel, November soybeans are down 6 1/2 cents, December KC wheat is down 4 3/4 cents, December Chicago wheat is down 4 1/4 cents and MIAX December Minneapolis wheat is down 0.0175 cents. The Dow Jones Industrial Average is down 161.14 points. The U.S. Dollar Index is down 0.030 and November crude oil is down $1.02 per barrel. December gold is up $10.30 per ounce. At mid-morning, corn, wheat and soybeans are under heavy pressure with soybeans leading the way. November beans are trading below a support area of $10.05 with a Tuesday close under there likely bearish (depending on the report). KC wheat is just a few cents from the contract low while October soymeal fell to a new low before bouncing a bit.

Posted 08:30 -- December corn is down 2 1/4 cents per bushel, November soybeans are down 3 3/4 cents, December KC wheat is down 2 cents, December Chicago wheat is down 2 3/4 cents and MIAX December Minneapolis wheat is down 0.0225 cents. The Dow Jones Industrial Average is up 3.01 points. The U.S. Dollar Index is unchanged and November crude oil is down $0.90 per barrel. December gold is down $12.00 per ounce. Ahead of the USDA grain stocks and small grains summary the grain and soy markets are leaking lower. A perfect harvest forecast for the central U.S. this week will continue to pressure the markets. November soybeans are sitting just above a key support area of $10.05, with a fall under that likely to lead to more selling.

Livestock

Posted 11:41 -- December live cattle are up $0.65 at $234.475, November feeder cattle are up $3.93 at $357.8, December lean hogs are down $1.38 at $88.975, December corn is down 5 cents per bushel and December soybean meal is down $1.70. The Dow Jones Industrial Average is down 14.54 points and NASDAQ is down 28.33 points. It's been a mixed morning thus far for the livestock complex as the cattle contracts are trading slightly higher, but the lean hog complex is backing away from the highs scored late last week. Still no cash cattle trade has developed and it's looking like trade will be delayed until later in the week.

Posted 08:36 -- December live cattle are down $0.55 at $233.275, November feeder cattle are down $1.20 at $352.675, December lean hogs are down $0.60 at $89.75, December corn is down 2 1/4 cents per bushel and December soybean meal is up $0.10. The Dow Jones Industrial Average is down 24.43 points and NASDAQ is down 32.10 points. The cattle complex is off to a tough start as the live cattle complex continues to trade below its 40-day moving average in its spot 40-day moving average. And with no fundamental support arising, it's likely that the downward pressure could remain throughout the day.

(c) Copyright 2025 DTN, LLC. All rights reserved.