DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is up 2 3/4 cents and January soybeans are down 2 1/4 cents. December KC wheat is down 1 1/2 cents, December Chicago wheat is up 1 1/2 cents, and December MIAX Minneapolis wheat is up 4 1/2 cents. December crude oil is up $0.87 and Dow Jones futures are up 493 points. The U.S. Dollar Index is down 0.20 and December gold is down $1.40. Within the final half hour of trade for Tuesday, row-crop markets remain mixed in what has been a low volume and very stable session, with higher corn futures and modestly lower soybean futures. It is likely we will see increased activity through the week leading up to Friday, as Friday's USDA reports remain the focus of traders this week.

Posted 10:30 -- December corn is up 1 cent per bushel, January soybeans are down 2 1/4 cents, December KC wheat is down 4 3/4 cents, December Chicago wheat is down 1 1/2 cents and MIAX December Minneapolis wheat is up 0.0175 cents. The Dow Jones Industrial Average is up 174.04 points. The U.S. Dollar Index is down 0.200 and December crude oil is up $1.06 per barrel. December gold is down $10.20 per ounce. At mid-morning, corn, bean oil and Minneapolis wheat are a bit higher while soybeans, meal and other wheats are lower, but well off the morning low on a quiet news day. Traders will be positioning ahead of Friday's USDA report which is expected to show lower yields on both soy and corn.

Posted 08:32 -- December corn is down 1 cent per bushel, January soybeans are down 9 3/4 cents, December KC wheat is down 6 cents, December Chicago wheat is down 3 3/4 cents and MIAX December Minneapolis wheat is down 0.0175 cents. The Dow Jones Industrial Average is up 61.38 points. The U.S. Dollar Index is down 0.260 and December crude oil is up $0.69 per barrel. December gold is up $13.10 per ounce. Wheat, soybeans and soymeal are all weaker while corn is just slightly under Monday's close and bean oil is higher with palm and crude oil markets. There is very little news early Tuesday and volume is expected to be light on this Veterans Day holiday.

Livestock

Posted 11:31 -- December live cattle are down $0.03 at $228.525, January feeder cattle are up $3.85 at $332.675, December lean hogs are down $0.18 at $82.6, December corn is up 2 1/2 cents per bushel and December soybean meal is down $2.60. The Dow Jones Industrial Average is up 359.94 points. Cash cattle country is quiet at midday with just a few asking prices noted in parts of the South at $232-plus; bids remain very elusive. Beef cutouts are higher at midday (choice 380.42 +3.10, select 360.40 +0.70) with light to moderate box movement (42 lds of choice cuts, 09 lds of select cuts, 06 lds of trim, and 11 lds of ground), with a choice/select spread of 20.02. Today's projected cattle slaughter is 112,000. Pork cutouts at midday are 99.56, -0.66, with 202.18 total loads. Tuesday's projected hog slaughter is 456,000.

Posted 08:46 -- December live cattle are up $0.45 at $229., January feeder cattle are up $4.33 at $333.15, December lean hogs are up $0.20 at $82.975, December corn is down 1/4 cent per bushel and December soybean meal is down $3.10. The Dow Jones Industrial Average is up 76.03 points and NASDAQ is down 112.41 points. Asking prices are noted at $232-plus in the South but are still not established in the North. It's not likely trade will develop until later in the week but hopefully, if the board remains strong, prices could potentially be steady if not higher this week.

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