DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 1 1/2 cents and January soybeans are up 6 1/4 cents. December KC wheat is up 1 1/4 cents, December Chicago wheat is up 2 3/4 cents, and December MIAX Minneapolis wheat is down 1/2 cents. December crude oil is up $0.40 and Dow Jones futures are up 125 points. The U.S. Dollar Index is up 0.02 and December gold is down $15.50. U.S. row-crop markets open the month of November with momentum in their favor following a bullish second half of October which culminated in the trade deal and return of China to the U.S. soybean market following President Trump's meeting with President Xi last Wednesday evening. NASS announced late last week that the November WASDE report will be released on the 14th of the month, which may add an extra degree of speculation to the trade over the next few weeks as traders will be very interested to see how the USDA views U.S. crop balance sheets. In outside market news to begin the week, OPEC members voted over the weekend to increase crude production through the end of the 2025 but signaled a halt in production hikes after the first of the new year, which thus far is propping up oil futures just above the lowest prices in almost five years.

Livestock

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