DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:45 -- December corn is down 3 3/4 cents per bushel, January soybeans are down 14 1/4 cents, March KC wheat is down 8 1/2 cents, March Chicago wheat is down 8 cents and MIAX March Minneapolis wheat is down 0.0500 cents. The Dow Jones Industrial Average is down 281.23 points. The U.S. Dollar Index is down 0.030 and January crude oil is down $0.19 per barrel. December gold is down $24.30 per ounce. Heading into the Thursday close, all of the grain and soy markets are under heavy pressure led by beans and wheat. Brazil soybean FOB offers continue to be sharply below U.S. offers and soymeal is offered by Brazil over $40/mt cheaper. Argentine wheat has reportedly fallen is clearly the world's cheapest wheat and feed grain at $205/mt. Funds have turned big sellers today.

Posted 10:30 -- December corn is down 2 1/4 cents per bushel, January soybeans are down 6 cents, March KC wheat is down 6 cents, March Chicago wheat is down 6 cents and MIAX March Minneapolis wheat is down 0.0475 cents. The Dow Jones Industrial Average is up 300.20 points. The U.S. Dollar Index is down 0.080 and January crude oil is down $0.23 per barrel. December gold is down $17.20 per ounce. All the markets have given up early morning gains, with soybeans and wheat leading the way lower. Apparently, traders are not satisfied with China buying over 58 mb of beans this week. Corn is likely weaker due to the fact that Argentine FOB wheat offers are now lower than U.S. corn at $207/mt.

Posted 08:33 -- December corn is up 3/4 cent per bushel, January soybeans are up 4 cents, March KC wheat is down 1/2 cent, March Chicago wheat is up 1/4 cent and MIAX March Minneapolis wheat is down 0.0125 cents. The Dow Jones Industrial Average is up 610.99 points. The U.S. Dollar Index is down 0.200 and January crude oil is up $0.38 per barrel. December gold is down $1.80 per ounce. USDA: private exporters reported the following sales activity: 132,000 mt (4.9 mb) of white wheat to China for 2025-26, and 462,000 mt (17 mb) of soybeans to China for 2025-26. Grain and soy markets with the exception of bean oil are slightly firmer early Thursday. Chinese soy purchases this week amount to a confirmed 58.2 mb.

Livestock

Posted 11:35 -- December live cattle are down $2.33 at $213.975, January feeder cattle are down $5.98 at $315.475, February lean hogs are up $0.73 at $79.75, December corn is down 3 1/4 cents per bushel and December soybean meal is down $5.10. The Dow Jones Industrial Average is down 246.92 points and NASDAQ is down 225.74 points. The livestock complex is trading mixed into Thursday's noon hour as the cattle complex continues to lack enough fundamental support; but the hog contacts are trading higher. Bids are on the table in Nebraska for the cash cattle market, but no new trade has developed.

Posted 08:33 -- December live cattle are up $0.30 at $216.6, January feeder cattle are up $0.80 at $322.25, February lean hogs are down $0.48 at $78.55, December corn is up 3/4 cent per bushel and December soybean meal is up $1.70. The Dow Jones Industrial Average is up 494.18 points and NASDAQ is up 480.94 points. Currently there are no new bids being offered in the countryside following Wednesday's trade. More trade will need to develop ahead of the week's end.

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