DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:45 -- December corn is down 7 1/2 cents per bushel, January soybeans are down 17 1/2 cents, March KC wheat is down 12 1/4 cents, March Chicago wheat is down 10 1/4 cents and MIAX March Minneapolis wheat is down 0.0250 cents. The Dow Jones Industrial Average is down 30.36 points. The U.S. Dollar Index is up 0.540 and January crude oil is down $1.53 per barrel. December gold is up $13.70 per ounce. It's a sea of red at the CME on Wednesday as wheat, corn, soybeans and soy products are sharply lower. The new China soy sale of 12.1 mb early Wednesday led to a total just over 41 mb this week. However, traders are disappointed it is not more quantity to this point. Wheat is down hard as rumors of China interest in more U.S. wheat have not been proven true. The falling crude oil market has pressured both corn and bean oil and rumors that EPA may postpone their biofuel policy specifics are weighing more on oil.

Posted 10:32 -- December corn is down 6 1/4 cents per bushel, January soybeans are down 13 1/4 cents, March KC wheat is down 8 1/2 cents, March Chicago wheat is down 7 cents and MIAX March Minneapolis wheat is down 0.0325 cents. The Dow Jones Industrial Average is down 119.66 points. The U.S. Dollar Index is up 0.520 and January crude oil is down $1.57 per barrel. December gold is up $10.20 per ounce. The initial euphoria from the report of China finally buying U.S. soybeans seems to have worn off, and markets are correcting. China has bought a total of 41 mb this week from the U.S., but with Brazil a sharp discount they may be hard pressed to finish the promised buying of 440 mb before year end. Corn and wheat are also down hard early Wednesday.

Posted 08:31 -- December corn is down 2 3/4 cents per bushel, January soybeans are down 10 1/4 cents, March KC wheat is down 3 3/4 cents, March Chicago wheat is down 3 cents and MIAX March Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is down 4.99 points. The U.S. Dollar Index is up 0.290 and January crude oil is down $1.80 per barrel. December gold is up $41.60 per ounce. USDA: private exporters reported sales of 330,000 mt (12.1 mb) of soybeans for delivery to China during the 2025-26 marketing year. That makes a total of 41.2 mb to China in the past two days. Corn, soybeans, soy products and wheat futures are all trading lower in unison.

Livestock

Posted 11:45 -- December live cattle are down $5.18 at $214.85, January feeder cattle are down $5.78 at $320.275, December lean hogs are up $0.95 at $78.85, December corn is down 6 3/4 cents per bushel and December soybean meal is down $6.60. The Dow Jones Industrial Average is down 41.43 points and NASDAQ is up 45.08 points. Some light cash cattle trade has begun to develop in the North at $345 which is $6.00 lower than last week's weighted average. Still no trade has developed in the South, but bids are on the table at $224 but asking prices are firm at $230.

Posted 08:38 -- December live cattle are down $0.15 at $219.875, January feeder cattle are up $0.50 at $326.55, December lean hogs are up $0.45 at $78.35, December corn is down 3 1/4 cents per bushel and December soybean meal is down $2.50. The Dow Jones Industrial Average is down 31.93 points and NASDAQ is up 24.95 points. Asking prices are noted in the South at $230, but are still not established in the North. No trade has developed yet, and will likely be delayed until Thursday.

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