DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:51 -- December corn is down 1/2 cent per bushel, January soybeans are up 3 1/2 cents, March KC wheat is up 1 3/4 cents, March Chicago wheat is down 1/2 cent and MIAX March Minneapolis wheat is down 0.0375 cents. The Dow Jones Industrial Average is up 807.23 points. The U.S. Dollar Index is up 0.090 and January crude oil is down $1.09 per barrel. December gold is up $24.70 per ounce. Corn is trading near unchanged, while soybeans and meal are higher, bean oil lower and wheat mixed. There is very little news, but rumors have China looking to wash out some of their Argentine soy purchases. There were no new China sales announced and total China buys are probably still under 2.5 mmt in the past few weeks.

Posted 10:34 -- December corn is unchanged, January soybeans are up 1 1/2 cents, March KC wheat is up 4 cents, March Chicago wheat is up 3 1/4 cents and MIAX March Minneapolis wheat is up 0.0225 cents. The Dow Jones Industrial Average is up 349.44 points. The U.S. Dollar Index is up 0.150 and January crude oil is down $1.25 per barrel. December gold is up $13.40 per ounce. At midmorning, corn, wheat and soybeans have all recovered to trade unchanged to slightly higher in very slow action. Soybean oil is still trading lower on the heels of the weaker crude market.

Posted 08:32 -- December corn is up 1/4 cent per bushel, January soybeans are down 4 cents, March KC wheat is up 1 cent, March Chicago wheat is down 1 cent and MIAX March Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 183.82 points. The U.S. Dollar Index is up 0.150 and January crude oil is down $1.22 per barrel. December gold is up $3.60 per ounce. Grain and soy markets begin Friday in mixed fashion as the much-needed correction continues in soybeans and bean oil is down hard in concert with crude oil. There were no new export sales announcements early Friday.

Livestock

Posted 11:39 -- February live cattle are up $0.78 at $216.175, January feeder cattle are down $0.88 at $315.5, February lean hogs are down $1.48 at $78.175, December corn is down 1/2 cent per bushel and January soybean meal is steady. The Dow Jones Industrial Average is up 683.31 points and NASDAQ is up 274.85 points. No new cash cattle trade has developed and no bids have been renewed in the countryside. Do note that later this afternoon the monthly Cattle on Feed report will be released.

Posted 08:36 -- February live cattle are down $5.48 at $209.925, January feeder cattle are down $9.25 at $307.125, February lean hogs are down $1.30 at $78.35, December corn is steady and January soybean meal is steady. The Dow Jones Industrial Average is up 232.06 points and NASDAQ is up 129.07 points. An announcement came after yesterday's close that President Trump has decided to lift the 40% beef tariff on Brazil, along with some other agriculture products. This news obviously has cratered the cattle complex as traders and producers alike worry about how this will affect domestic beef prices with a surplus of imports likely going to reach the U.S. soon.

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