DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:50 -- December corn is up 2 cents per bushel, November soybeans are down 1 1/2 cents, December KC wheat is up 7 3/4 cents, December Chicago wheat is up 4 1/4 cents and MIAX December Minneapolis wheat is up 0.0275 cents. The Dow Jones Industrial Average is up 433.84 points. The U.S. Dollar Index is down 0.240 and November crude oil is down $0.62 per barrel. December gold is up $28.30 per ounce. Heading into the Tuesday close, soybeans and bean oil have recovered a bit but are still down, while wheat and corn are up on short-covering in quiet trade. Soy inspections are now down 26% for the year and it is likely in the next WASDE the USDA will need to reduce soy export sales.

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Posted 10:31 -- December corn is up 1 1/4 cents per bushel, November soybeans are down 6 1/4 cents, December KC wheat is up 5 cents, December Chicago wheat is up 3 cents and MIAX December Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is down 45.57 points. The U.S. Dollar Index is down 0.110 and November crude oil is down $1.31 per barrel. December gold is up $21.10 per ounce. At midmorning corn and wheat have recovered from early weakness to trade higher while soybeans have extended losses. Along with the advancing harvest and trade issues with China, beans got another headwind with CONAB's record large estimate of Brazil's soy crop for 2025-26.

Posted 08:31 -- December corn is down 3/4 cent per bushel, November soybeans are down 4 1/2 cents, December KC wheat is down 2 cents, December Chicago wheat is down 2 1/4 cents and MIAX December Minneapolis wheat is down 0.0075 cents. The Dow Jones Industrial Average is down 360.39 points. The U.S. Dollar Index is unchanged and November crude oil is down $0.82 per barrel. December gold is down $6.30 per ounce. The advancing harvest, the contentious trade battle with China and rising world wheat supplies are weighing on grain and soybeans early Tuesday. Outside markets are also under pressure with equities and energies lower.

Livestock

Posted 11:34 -- December live cattle are up $1.78 at $246.525, November feeder cattle are up $5.23 at $381.95, December lean hogs are down $1.75 at $83.1, December corn is up 3/4 cent per bushel and December soybean meal is down $0.10. The Dow Jones Industrial Average is up 235.76 points and NASDAQ is down 64.77 points. The cattle contracts are again trading higher as the feeder cattle complex is leading the charge with its snappy $4.00 to $5.00 surge. Still no cash cattle trade has developed and it's likely trade will be delayed until Thursday or Friday.

Posted 08:36 -- December live cattle are down $0.95 at $243.8, November feeder cattle are down $0.65 at $376.075, December lean hogs are down $1.28 at $83.575, December corn is down 1 1/4 cents per bushel and December soybean meal is up $0.30. The Dow Jones Industrial Average is down 366.10 points and NASDAQ is down 322.49 points. Following Monday's higher close, the livestock complex is now off to a slower start as traders want to see more fundamental support develop in the complex before they push prices any higher. No business has developed yet in the fed cash cattle market.

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