DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:42 -- December corn is up 1/4 cent per bushel, January soybeans are up 5 cents, December KC wheat is up 2 cents, December Chicago wheat is down 1/4 cent and MIAX December Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is up 319.93 points. The U.S. Dollar Index is down 0.120 and December crude oil is down $1.14 per barrel. December gold is down $40.50 per ounce. At midday, corn and wheat have given up most of the morning gain while soybeans are still higher but nearly 19 cents below the morning high. Wednesday night and Thursday morning will likely see volatile markets after trade talks. No guaranteed soybean commitment would likely be bearish. Expect Wednesday night-Thursday trade to be volatile.

Posted 10:33 -- December corn is up 7 1/4 cents per bushel, January soybeans are up 21 cents, December KC wheat is up 9 3/4 cents, December Chicago wheat is up 7 1/4 cents and MIAX December Minneapolis wheat is up 0.0800 cents. The Dow Jones Industrial Average is up 192.93 points. The U.S. Dollar Index is down 0.130 and December crude oil is down $1.28 per barrel. December gold is down $41.90 per ounce. At midmorning the strong gains in corn, wheat, beans and soymeal continue while bean oil is lower on the sharp fall in crude oil. All the markets appear to be getting a bit overdone on hopes of a new U.S.-China trade pact.

Posted 08:32 -- December corn is up 2 3/4 cents per bushel, January soybeans are up 9 cents, December KC wheat is up 6 3/4 cents, December Chicago wheat is up 7 1/4 cents and MIAX December Minneapolis wheat is up 0.0550 cents. The Dow Jones Industrial Average is up 339.35 points. The U.S. Dollar Index is up 0.140 and December crude oil is down $0.72 per barrel. December gold is down $77.00 per ounce. Grain and soy futures are extending the rally ahead of the much-anticipated Wednesday meeting between President Trump and Xi of China. The meeting will hopefully result in more details of the proposed trade deal.

Livestock

Posted 11:49 -- December live cattle are down $0.63 at $226.55, January feeder cattle are down $10.60 at $323.825, December lean hogs are down $0.55 at $80.95, December corn is up 4 1/2 cents per bushel and December soybean meal is up $7.10. The Dow Jones Industrial Average is up 250.85 points and NASDAQ is up 137.57 points. The livestock complex is continuing to trade mixed as although the live cattle contracts are trading higher, the feeder cattle complex remains on edge not knowing what's going on with the border as Brooke Rollins had a meeting with Mexico last week and no new details have been shared. A few bids are on the table for the cash cattle market but no new trade has been noted.

Posted 08:36 -- December live cattle are up $0.68 at $227.85, January feeder cattle are down $4.68 at $329.75, December lean hogs are up $0.40 at $81.9, December corn is up 2 3/4 cents per bushel and December soybean meal is up $4.20. The Dow Jones Industrial Average is up 293.25 points and NASDAQ is up 145.41 points. The cattle complex is trading mixed at Tuesday's start as the live cattle contracts have found some mild support, but the feeder cattle contracts refuse to trade higher until there's more clarity shared on what developed last Friday between Brooke Rollins and Mexico. With the feeder cattle complex trading lower, the market has now gapped lower twice and is trading below its 100-day moving average.

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