DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is up 4 3/4 cents per bushel, January soybeans are up 11 1/2 cents, December KC wheat is up 1/4 cent, December Chicago wheat is up 1/4 cent and MIAX December Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is down 640.78 points. The U.S. Dollar Index is down 0.390 and December crude oil is up $0.10 per barrel. December gold is down $52.00 per ounce. Heading into the Thursday close, corn, soybeans and soymeal are up strong with both spot corn and soybeans appearing to break out above resistance levels. Funds have had their buying shoes on, buying an estimated 9,000 beans, 12,000 corn and 5,000 meal contracts. Rumors are out there that China bought some U.S. sorghum. Friday's report could turn out to be a big market-mover.

Posted 10:38 -- December corn is up 2 cents per bushel, January soybeans are up 10 1/4 cents, December KC wheat is down 1 1/2 cents, December Chicago wheat is down 1 3/4 cents and MIAX December Minneapolis wheat is up 0.0225 cents. The Dow Jones Industrial Average is down 400.91 points. The U.S. Dollar Index is down 0.440 and December crude oil is up $0.48 per barrel. December gold is down $7.10 per ounce. Corn, soybeans and soymeal are still higher at mid-morning, while wheat and bean oil have turned lower again.

Posted 08:37 -- December corn is up 1 1/2 cents per bushel, January soybeans are up 7 3/4 cents, December KC wheat is up 3/4 cent, December Chicago wheat is up 1 cent and MIAX December Minneapolis wheat is steady. The Dow Jones Industrial Average is down 69.84 points. The U.S. Dollar Index is down 0.300 and December crude oil is up $0.45 per barrel. December gold is up $9.30 per ounce. Corn and wheat are mixed and soybeans and products continue to trade higher. The government is just beginning to release some sales data but only for the last week in September with new daily corn sales to Mexico amounting to about 250,000 mt, and a soymeal sale to Guatemala of just over 100,000 mt. We can probably expect data to slowly trickle out.

Livestock

Posted 11:40 -- December live cattle are down $3.18 at $222.1, January feeder cattle are down $4.85 at $322.625, December lean hogs are down $2.05 at $78.575, December corn is up 3 cents per bushel and December soybean meal is up $7.30. The Dow Jones Industrial Average is down 415.38 points and NASDAQ is down 411.80 points. Some light cash cattle trade has started at $228, which is $3.00 lower than last week's weighted average. And some light cash cattle trade is developing in the North at $351, but not enough cattle have traded in that region to say any sort of a trend has been established.

Posted 08:40 -- December live cattle are down $1.73 at $223.55, January feeder cattle are down $2.48 at $325., December lean hogs are down $0.93 at $79.7, December corn is up 1 1/2 cents per bushel and December soybean meal is up $1.80. The Dow Jones Industrial Average is down 84.97 points and NASDAQ is down 213.78 points. The cattle complex is off to a slightly weaker start, as traders continue to wait to see what develops fundamentally this week. No bids are on the table for the fed cash cattle market, but packer interest should improve throughout the day.

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