DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:43 -- December corn is up 5 1/2 cents per bushel, November soybeans are up 11 1/2 cents, December KC wheat is up 4 1/2 cents, December Chicago wheat is up 6 1/4 cents and MIAX December Minneapolis wheat is up 0.0525 cents. The Dow Jones Industrial Average is up 52.33 points. The U.S. Dollar Index is up 0.180 and November crude oil is down $1.23 per barrel. December gold is down $30.50 per ounce. An impressive rally continues at midday Thursday led by soybeans as a glimmer of hope still exists for a revival of U.S.-China soy trade. Corn and wheat are also along for the ride. Since breaking support early Wednesday, November beans have rallied back 30 cents from the low. Overhanging the market is the fact that zero China soy sales are on the books for new crop.

Posted 10:27 -- December corn is up 1 3/4 cents per bushel, November soybeans are up 5 cents, December KC wheat is up 3 1/4 cents, December Chicago wheat is up 5 cents and MIAX December Minneapolis wheat is up 0.0575 cents. The Dow Jones Industrial Average is down 104.40 points. The U.S. Dollar Index is up 0.320 and November crude oil is down $0.75 per barrel. December gold is down $37.10 per ounce. At mid-morning, corn, wheat and soybeans have all recovered from early weakness to trade higher while bean oil has reversed to trade lower. Despite some questions regarding the possibility of a trade deal being worked out with China, time is certainly running thin with the Trump and Xi meeting not until the end of October, but some optimism is being reflected in prices.

Posted 08:32 -- December corn is unchanged, November soybeans are down 1 cent, December KC wheat is up 1/2 cent, December Chicago wheat is up 1 3/4 cents and MIAX December Minneapolis wheat is up 0.0300 cents. The Dow Jones Industrial Average is up 49.47 points. The U.S. Dollar Index is down 0.010 and November crude oil is down $0.44 per barrel. December gold is up $23.30 per ounce. In quiet trade, corn and soy are mixed to slightly lower while wheat is firmer. There is very little in the way of fresh news early Thursday. The U.S. government shutdown has resulted in a delay of export sales.

Livestock

Posted 11:44 -- December live cattle are down $1.65 at $232.85, November feeder cattle are down $5.65 at $351.95, December lean hogs are down $0.13 at $86.775, December corn is up 2 1/4 cents per bushel and December soybean meal is up $3.80. The Dow Jones Industrial Average is down 60.03 points and NASDAQ is up 50.94 points. The livestock complex is trading lower with support from either the market's fundamental and technical signals very hard to come by. Bids are on the table in the cash market but no new trade has developed just yet.

Posted 08:35 -- December live cattle are down $1.05 at $233.45, November feeder cattle are down $2.78 at $354.825, December lean hogs are down $0.25 at $86.65, December corn is up 1/4 cent per bushel and December soybean meal is up $0.70. The Dow Jones Industrial Average is up 18.26 points and NASDAQ is up 138.12 points. The weekly export report is not available because of the government shutdown. No new cash cattle trade has surfaced yet, and no bids are currently noted.

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