DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- December corn is down 6 cents per bushel, January soybeans are down 25 cents, December KC wheat is down 17 1/4 cents, December Chicago wheat is down 18 3/4 cents and MIAX December Minneapolis wheat is down 0.0075 cents. The Dow Jones Industrial Average is down 350.64 points. The U.S. Dollar Index is down 0.510 and December crude oil is down $0.27 per barrel. December gold is up $2.80 per ounce. It's a heavy day of liquidation and selling at the CME with all grain and soy markets down hard, led by soybeans, wheat and soymeal. Pressure is coming from the potential for U.S. tariffs to be deemed illegal by the Supreme Court and from few confirmed sales to China.

Posted 10:33 -- December corn is down 6 1/2 cents per bushel, January soybeans are down 27 cents, December KC wheat is down 17 1/2 cents, December Chicago wheat is down 18 3/4 cents and MIAX December Minneapolis wheat is down 0.0550 cents. The Dow Jones Industrial Average is down 445.81 points. The U.S. Dollar Index is down 0.390 and December crude oil is down $0.48 per barrel. December gold is down $2.50 per ounce. Grain and soy markets are melting down in unison early Thursday in corrective action, led by soybean and soymeal futures. So far, reports of China buying have been few and far between. The market is running blind without export sales data available.

Posted 08:30 -- December corn is down 2 3/4 cents per bushel, January soybeans are down 12 1/4 cents, December KC wheat is down 7 1/4 cents, December Chicago wheat is down 7 3/4 cents and MIAX December Minneapolis wheat is down 0.0225 cents. The Dow Jones Industrial Average is down 22.64 points. The U.S. Dollar Index is down 0.330 and December crude oil is down $0.39 per barrel. December gold is up $10.30 per ounce. Grain and soy markets, with the exception of soybean oil, start Thursday under pressure. All the markets are showing signs of being technically overbought and due for a correction. Traders are seeking more proof China is buying U.S. beans. News sources are saying China bought 120,000 mt of U.S. wheat, but that is far less than rumors had suggested in days prior.

Livestock

Posted 11:30 -- December live cattle are down $1.43 at $219.1, January feeder cattle are down $4.35 at $315.625, December lean hogs are down $0.88 at $79.725, December corn is down 5 1/4 cents per bushel and December soybean meal is down $12.20. The Dow Jones Industrial Average is down 483.19 points and NASDAQ is down 473.12 points. The live cattle contracts are trading slightly higher into Thursday's noon hour, but the feeder cattle contracts aren't as confident as their contracts continue to trade lower. No new cash cattle trade has developed following Wednesday's light movement, but more sales will need to develop ahead of the week's end.

Posted 08:37 -- December live cattle are down $1.45 at $219.075, January feeder cattle are down $5.25 at $314.725, December lean hogs are up $0.08 at $80.675, December corn is down 3 1/4 cents per bushel and December soybean meal is down $7.90. The Dow Jones Industrial Average is up 27.83 points and NASDAQ is down 33.72 points. The cattle complex is continuing to trade lower as uncertainty remains a lingering tone throughout the futures complex. Following the light cash cattle trade that developed on Wednesday, no new trade has developed.

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