DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:45 -- December corn is up 1 1/2 cents per bushel, January soybeans are down 2 3/4 cents, March KC wheat is down 1 1/2 cents, March Chicago wheat is up 3/4 cent and MIAX March Minneapolis wheat is up 0.0575 cents. The Dow Jones Industrial Average is down 275.40 points. The U.S. Dollar Index is down 0.030 and December crude oil is up $0.68 per barrel. December gold is down $2.00 per ounce. At midday all the grain and soy markets are gravitating near unchanged in slow trade. Soybean oil is the lone exception as traders feel a biofuel policy release is close at hand. A total China purchase of U.S. soybeans in a range of 1 mmt to 1.3 mmt is assumed by some with just 792,000 mt confirmed early Tuesday. The purchases are thought to be more politically motivated as Brazilian beans could have been had at more than $1.00 discount.

Posted 10:45 -- December corn is up 2 cents and January soybeans are down 3/4 cents. December KC wheat is down 3/4 cents, December Chicago wheat is up 1 1/4 cents, and December MIAX Minneapolis wheat is up 6 cents. December crude oil is down $0.01 and Dow Jones futures are down 416 points. The U.S. Dollar Index is up 0.04 and December gold is down $13.30. At midmorning, grain markets are caught in a sluggish trade with soybeans over a dime off their daily high amid profit-taking following Monday's stellar session. News has turned quiet again as traders will likely be awaiting more updates regarding purchases from China following Tuesday morning's large flash sale announcement from USDA.

Posted 08:34 -- December corn is up 1 3/4 cents per bushel, January soybeans are down 1 1/2 cents, March KC wheat is down 3/4 cent, March Chicago wheat is down 2 cents and MIAX March Minneapolis wheat is up 0.0200 cents. The Dow Jones Industrial Average is down 367.54 points. The U.S. Dollar Index is down 0.090 and December crude oil is down $0.14 per barrel. December gold is up $0.70 per ounce. Corn, soybeans and wheat are mixed to lower early Tuesday. We finally had a confirmation of sales to China with 792,000 mt (29 mb) for 2025-26.

Livestock

Posted 11:38 -- OMAHA (DTN) -- December live cattle are down $1.95 at $219.325, January feeder cattle are down $1.53 at $324.75, December lean hogs are down $1.03 at $77.55, December corn is up 1 1/2 cents per bushel and December soybean meal is down $3.60. The Dow Jones Industrial Average is down 602.42 points and NASDAQ is down 326.27 points. The livestock contracts continue to trade lower as the market is yearning to see more fundamental support. No business has developed in the fed cash cattle market and won't likely until later in the week.

Posted 08:38 -- December live cattle are up $0.95 at $222.225, January feeder cattle are up $1.45 at $327.725, December lean hogs are up $0.43 at $79., December corn is up 2 cents per bushel and December soybean meal is down $3.10. The Dow Jones Industrial Average is down 373.57 points and NASDAQ is down 136.33 points. The cattle complex is continuing to trade higher as traders are hopeful that fundamental support will improve later this week. The lean hog complex is trading higher too, but it will be imperative that pork demand improves for the contracts to be able to keep with their higher trend.

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