DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 4 1/4 cents per bushel, November soybeans are down 2 3/4 cents, December KC wheat is up 1 1/4 cents, December Chicago wheat is down 3/4 cent and MIAX December Minneapolis wheat is down 0.0225 cents. The Dow Jones Industrial Average is up 557.23 points. The U.S. Dollar Index is up 0.000 and December crude oil is down $0.23 per barrel. December gold is down $13.80 per ounce. Heading for the Friday close, corn futures are under heavy pressure on a reported pick-up in farmer cash sales. Soybeans and bean oil are just slightly lower with soymeal higher for the ninth consecutive day. Both beans and soymeal are becoming extremely overbought. Wheat markets are mixed to mostly lower in very quiet trade.

Posted 10:34 -- December corn is down 4 cents per bushel, November soybeans are down 2 cents, December KC wheat is up 3 1/2 cents, December Chicago wheat is up 1 1/4 cents and MIAX December Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 535.10 points. The U.S. Dollar Index is down 0.000 and December crude oil is up $0.56 per barrel. December gold is down $2.00 per ounce. At mid-morning, corn is much weaker, beans are slightly lower, and wheat has now moved higher for the third straight day. Bean oil is lower and soybean meal has extended its rally for a seventh straight day. Equities are flying higher after a cooler than expected inflation implied by the CPI.

Posted 08:38 -- December corn is down 2 3/4 cents per bushel, November soybeans are down 3 cents, December KC wheat is up 1/4 cent, December Chicago wheat is down 1 cent and MIAX December Minneapolis wheat is down 0.0050 cents. The Dow Jones Industrial Average is up 253.99 points. The U.S. Dollar Index is down 0.080 and December crude oil is up $0.19 per barrel. December gold is down $11.60 per ounce. Corn, soybeans and bean oil are lower to start while wheat is mixed in slow trade. Traders await any word over the weekend regarding the U.S.-China trade talks over the weekend and next week. The CPI came out a bit cooler on inflation than expected, leading to calls for an interest rate cut next week and perhaps another in December.

Livestock

Posted 11:49 -- December live cattle are down $7.25 at $233.925, January feeder cattle are down $9.25 at $348.175, December lean hogs are up $0.50 at $82.275, December corn is down 4 3/4 cents per bushel and December soybean meal is up $0.90. The Dow Jones Industrial Average is up 451.88 points and NASDAQ is up 273.54 points. The cattle complex is trading sharply lower into Friday's noon hour as traders are exhausted from the gut-wrenching chaos that ensued this week. Some cash cattle trade is currently being reported where Northern dressed cattle are trading at $370 which is $2.00 lower than last week's weighted average and Southern live cattle are trading at $238 which is $2.00 lower than last week's weighted average as well.

Posted 08:35 -- December live cattle are down $2.28 at $238.9, January feeder cattle are down $7.03 at $350.4, December lean hogs are up $0.25 at $82.025, December corn is down 3 cents per bushel and December soybean meal is up $0.50. The Dow Jones Industrial Average is up 256.93 points and NASDAQ is up 217.03 points. It will be a busy day for the cattle complex as the market has yet to really trade any cash cattle. Asking prices are noted in the South at $243 plus and are still not established in the North. Do remember that it's unknown if the monthly Cattle on Feed report will be shared as the government shutdown ensues.

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