DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:34 -- December corn is up 1/2 cent per bushel, November soybeans are up 6 1/4 cents, December KC wheat is down 3/4 cent, December Chicago wheat is down 3/4 cent and MIAX December Minneapolis wheat is up 0.0300 cents. The Dow Jones Industrial Average is up 139.94 points. The U.S. Dollar Index is up 0.340 and November crude oil is up $1.04 per barrel. December gold is up $61.00 per ounce. Soybeans and soy products are firm while corn and wheat markets are little changed on a news-less Wednesday. One positive was a sharp gain in ethanol production last week of close to 8% to 1.071 million barrels per day.

Posted 08:32 -- December corn is up 1 1/4 cents per bushel, November soybeans are up 4 3/4 cents, December KC wheat is down 1 1/2 cents, December Chicago wheat is down 1/4 cent and MIAX December Minneapolis wheat is up 0.0100 cents. The Dow Jones Industrial Average is up 69.04 points. The U.S. Dollar Index is up 0.210 and November crude oil is up $0.65 per barrel. December gold is up $54.30 per ounce. In very quiet trade, corn and soybeans are a bit higher and wheat mixed to mostly lower. There is very little news as harvest is set to advance with a mostly clear radar and 10-day forecast.

Livestock

Posted 08:36 -- December live cattle are up $0.30 at $238.025, November feeder cattle are up $1.45 at $365.7, December lean hogs are down $0.53 at $85.65, December corn is up 1 1/4 cents per bushel and December soybean meal is down $0.00. The Dow Jones Industrial Average is up 65.14 points and NASDAQ is up 76.51 points. The livestock complex is again trading mixed as the cattle contracts continue to inch forward while the hog complex remains stagnant. No bids have surfaced yet in the fed cash cattle market but asking prices are noted at $235 to $237 in the South and still remain unestablished in the North.

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