DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:47 -- December corn is up 5 cents per bushel, November soybeans are up 4 cents, December KC wheat is up 1 1/2 cents, December Chicago wheat is up 3 3/4 cents and MIAX December Minneapolis wheat is down 0.0050 cents. The Dow Jones Industrial Average is down 175.07 points. The U.S. Dollar Index is down 0.470 and November crude oil is down $0.84 per barrel. December gold is up $107.60 per ounce. Heading into the Thursday close, December corn and November beans remain higher for the day on short-covering. Funds are estimated to have bought close to 15,000 corn and 10,000 bean contracts as of noon. December corn is sitting right at the 100-day moving average and the trendline. Recent reports of declining yields due to southern rust have provided the incentive for the buying.
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Posted 10:30 -- December corn is up 4 1/2 cents per bushel, November soybeans are up 7 cents, December KC wheat is up 1/4 cent, December Chicago wheat is up 2 1/2 cents and MIAX December Minneapolis wheat is down 0.0100 cents. The Dow Jones Industrial Average is up 5.69 points. The U.S. Dollar Index is down 0.320 and November crude oil is down $0.08 per barrel. December gold is up $85.40 per ounce. At midmorning corn, soybeans and bean oil have extended morning gains and wheat has firmed up with only Minneapolis slightly lower now. December corn has once again rallied above the 50-day moving average. There is little news. President Trump has scheduled a call with Russia's Putin.
Posted 08:33 -- December corn is up 1 1/4 cents per bushel, November soybeans are up 6 1/4 cents, December KC wheat is down 2 1/4 cents, December Chicago wheat is down 1 3/4 cents and MIAX December Minneapolis wheat is down 0.0200 cents. The Dow Jones Industrial Average is up 82.78 points. The U.S. Dollar Index is down 0.160 and November crude oil is up $0.28 per barrel. December gold is up $62.20 per ounce. Corn and soymeal are slightly higher, soybeans and bean oil firm, and wheat is lower, with Minneapolis December wheat falling to a new low.
LivestockPosted 11:31 -- December live cattle are up $0.55 at $247.325, November feeder cattle are down $0.28 at $380.4, December lean hogs are down $0.93 at $82.675, December corn is up 6 1/2 cents per bushel and December soybean meal is up $0.50. The Dow Jones Industrial Average is down 137.48 points and NASDAQ is down 50.93 points. A single bid is on the table in Nebraska at $370, but with asking prices firm at $380, still no cattle have traded. Packer interest should improve throughout the day although trade could still be delayed until Friday.
Posted 08:37 -- December live cattle are down $0.05 at $246.725, November feeder cattle are up $0.95 at $381.625, December lean hogs are down $0.50 at $83.1, December corn is up 1 cent per bushel and December soybean meal is up $0.60. The Dow Jones Industrial Average is up 98.11 points and NASDAQ is up 120.28 points. The cattle complex is again off to a stronger start as traders are hopeful that fed cash cattle will trade higher again this week. No bids have hit the market yet, but packer interest should improve throughout the day. Asking prices are set at $240 plus in the South but are not yet established in the North.
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