DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:57 -- December corn is up 4 3/4 cents per bushel, November soybeans are up 3/4 cent, December KC wheat is down 1 cent, December Chicago wheat is down 2 1/2 cents and MIAX December Minneapolis wheat is down 0.0250 cents. The Dow Jones Industrial Average is up 41.09 points. The U.S. Dollar Index is down 0.220 and November crude oil is down $0.30 per barrel. December gold is up $48.70 per ounce. Going into the Wednesday close it has been a very slow trade day without much news. Corn futures are rallying with surprising strength in light of the major portion of the harvest yet to come. Beans are little changed and wheat weaker.

Posted 10:45 -- December corn is up 2 1/4 cents per bushel, November soybeans are up 1 1/2 cents, December KC wheat is down 2 cents, December Chicago wheat is down 3 cents and MIAX December Minneapolis wheat is down 0.0300 cents. The Dow Jones Industrial Average is up 99.21 points. The U.S. Dollar Index is down 0.380 and November crude oil is down $0.24 per barrel. December gold is up $50.30 per ounce. On a very quiet day corn and soybeans are just slightly higher while wheat is lower. There is no fresh news to drive markets.

Posted 08:31 -- December corn is down 3/4 cent per bushel, November soybeans are down 3/4 cent, December KC wheat is down 3 3/4 cents, December Chicago wheat is down 4 1/4 cents and MIAX December Minneapolis wheat is down 0.0150 cents. The Dow Jones Industrial Average is up 188.69 points. The U.S. Dollar Index is down 0.130 and November crude oil is up $0.54 per barrel. December gold is up $42.60 per ounce. Corn, wheat and soy are all slightly lower in quiet trade while bean oil futures are firmer. The advancing harvest, trade tensions with China and expanding global wheat supplies are combining to weaken ag markets.

Livestock

Posted 11:43 -- December live cattle are down $0.50 at $246., November feeder cattle are down $1.98 at $379.35, December lean hogs are up $0.50 at $83.65, December corn is up 5 cents per bushel and December soybean meal is up $2.40. The Dow Jones Industrial Average is up 92.87 points and NASDAQ is up 161.54 points. Still no cash cattle trade has developed but asking prices are noted at $240 in the South. Traders are handling the cattle contracts with a bit more caution this morning as they need to see more fundamental support develop before they'll be able to confidently advance the contracts any higher.

Posted 08:37 -- December live cattle are down $0.15 at $246.35, November feeder cattle are down $0.38 at $380.95, December lean hogs are up $0.58 at $83.725, December corn is down 1 cent per bushel and December soybean meal is up $0.20. The Dow Jones Industrial Average is up 222.31 points and NASDAQ is up 206.99 points. After reaching new highs on Tuesday, the cattle complex is off to a weaker start on Wednesday as traders are hoping that more fundamental support will develop. Still no cash cattle trade has develop and it's assumed that trade will be delayed until Thursday or Friday.

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