DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- December corn is down 3 1/2 cents per bushel, November soybeans are down 2 1/2 cents, December KC wheat is down 5 cents, December Chicago wheat is down 4 3/4 cents and MIAX December Minneapolis wheat is down 0.0300 cents. The Dow Jones Industrial Average is up 306.50 points. The U.S. Dollar Index is up 0.360 and December crude oil is up $0.30 per barrel. December gold is down $233.20 per ounce. Corn, wheat, soybeans and bean oil are all now lower for the day. Corn is down on a resumption of harvest and some farmer selling. With close to 6 billion bushels left to harvest, there are sure to be some storage challenges. MIAX Minneapolis wheat fell to another new contract low today, and soybeans have been up on only the hope of a China trade deal until mid-session selling emerged. Gold is crashing, and crude oil fell early Tuesday before bouncing.

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Posted 10:34 -- December corn is down 3 cents per bushel, November soybeans are up 1 1/4 cents, December KC wheat is down 3 3/4 cents, December Chicago wheat is down 3 1/2 cents and MIAX December Minneapolis wheat is down 0.0125 cents. The Dow Jones Industrial Average is up 334.29 points. The U.S. Dollar Index is up 0.290 and December crude oil is up $0.22 per barrel. December gold is down $218.10 per ounce. At midmorning in quiet trade, beans are a penny higher while wheat and corn are lower as is bean oil. There is very little news early Tuesday as the trade anxiously awaits some news about the U.S.-China trade talks this week and next.

Posted 08:32 -- December corn is down 1 1/4 cents per bushel, November soybeans are down 1/4 cent, December KC wheat is down 3 3/4 cents, December Chicago wheat is down 3 3/4 cents and MIAX December Minneapolis wheat is down 0.0075 cents. The Dow Jones Industrial Average is up 27.02 points. The U.S. Dollar Index is up 0.300 and December crude oil is up $0.05 per barrel. December gold is down $150.30 per ounce. Corn and wheat are lower and soybeans have given up much of the overnight strength. Traders are awaiting the results of the U.S. and China trade meeting later this week in Malaysia.

Livestock

OMAHA (DTN) -- December live cattle are up $1.70 at $245.35, November feeder cattle are up $0.95 at $373.625, December lean hogs are up $0.85 at $82.925, December corn is down 3 1/2 cents per bushel and December soybean meal is up $1.20. The Dow Jones Industrial Average is up 331.83 points and NASDAQ is up 11.62 points. The livestock complex is trading higher into Tuesday's noon hour as traders seem to collectively agree that mildly advancing the contracts is a sound decision based upon strong market fundamentals. Still no trade has developed in the fed cash cattle market.

Posted 08:38 -- December live cattle are down $0.10 at $243.55, November feeder cattle are down $1.13 at $371.55, December lean hogs are up $0.10 at $82.175, December corn is down 1 1/4 cents per bushel and December soybean meal is down $0.30. The Dow Jones Industrial Average is up 5.34 points and NASDAQ is down 36.19 points. The cattle contracts are off to a weaker start as the market looks for fundamental reassurance. Meanwhile the lean hog complex is trading slightly higher. Still no bids or asking prices have surfaced in the fed cash cattle market.

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