DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:49 -- December corn is up 1 1/4 cents per bushel, January soybeans are up 4 1/2 cents, December KC wheat is up 9 1/4 cents, December Chicago wheat is up 8 1/4 cents and MIAX December Minneapolis wheat is up 0.0575 cents. The Dow Jones Industrial Average is down 84.61 points. The U.S. Dollar Index is up 0.280 and December crude oil is up $0.40 per barrel. December gold is down $3.10 per ounce. As we head to the Friday close, soybeans and soymeal continue their rally while corn and wheat markets have now reversed and gone higher. Bean oil remains sharply lower for today. Soybeans and soymeal continue to be very overbought, but it does not seem to matter following positive vibes from Wednesday's trade deal. Funds were early sellers of corn and wheat while they have sold bean oil and bought beans and meal.

Posted 10:33 -- December corn is down 1/4 of a cent and January soybeans are down 3/4 of a cent. December KC wheat is up 1 1/2 cents, December Chicago wheat is up 2 cents, and December MIAX Minneapolis wheat is up 4 cents. December crude oil is up $0.39 and Dow Jones futures are up 76 points. The U.S. Dollar Index is up 0.24 and December gold is up $14.60. At midmorning on Halloween Friday, grain and oilseed markets are very quiet and overall mixed with soybeans falling from early gains. It is not too surprising to see markets relax a bit ahead of the weekend, with low volume following Thursday's volatile session as well as what was a busy past week in regards to trade developments.

Posted 08:33 -- December corn is down 3 1/4 cents per bushel, January soybeans are unchanged, December KC wheat is down 5 3/4 cents, December Chicago wheat is down 5 3/4 cents and MIAX December Minneapolis wheat is up 0.0025 cents. The Dow Jones Industrial Average is up 60.58 points. The U.S. Dollar Index is up 0.190 and December crude oil is up $0.38 per barrel. December gold is up $18.90 per ounce. Corn and wheat are mixed to slightly weaker early Friday, while soybeans and soymeal are mixed to a bit firmer after overnight weakness. There are rumors China has bought a few cargoes of U.S. beans, but with no export sales reporting system active it's tough to confirm.

Livestock

Posted 11:23 -- December live cattle are down $1.45 at $229.65, January feeder cattle are down $1.68 at $332.55, December lean hogs are up $0.83 at $81.65, December corn is up 1 1/2 cents per bushel and December soybean meal is up $5.00. The Dow Jones Industrial Average is down 65.29 points and NASDAQ is up 110.55 points. Still no new trade has developed in the cash market, and no new bids have been posted. But to avoid being short bought next week, packers need to secure more inventory -- especially in the South where very few cattle have traded this week.

Posted 08:39 -- December live cattle are up $0.73 at $231.825, January feeder cattle are up $1.40 at $335.625, December lean hogs are up $0.18 at $81., December corn is down 2 1/4 cents per bushel and December soybean meal is down $0.30. The Dow Jones Industrial Average is up 34.55 points and NASDAQ is up 359.46 points. The cash cattle complex is quiet at Friday's start, but more trade will need to develop ahead of the week's end. Especially in the South where the week's movement has been thin. Asking prices are noted at $238 to $240 in the South, but are still not established in the North.

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