DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:28 -- December corn is up 8 cents per bushel, November soybeans are up 20 3/4 cents, December KC wheat is up 17 cents, December Chicago wheat is up 17 1/4 cents and December MIAX wheat is up 19 cents. The Dow Jones Industrial Average is up 220.50 points. The U.S. Dollar Index is down 0.710 and September crude oil is up $1.61 per barrel. December gold is up $120.80 per ounce. Grain and soy markets are surging higher led by soybeans and wheat on falling yield ideas and tightening world supplies fueled by ongoing conflicts. December corn has risen above the recent high and looks poised to test the $5.05 level at some point.

Posted 08:32 -- December corn is up 3 3/4 cents per bushel, November soybeans are up 13 cents, December KC wheat is up 3 cents, December Chicago wheat is up 5 1/2 cents and December MIAX wheat is down 1/2 cent. The Dow Jones Industrial Average is up 120.43 points. The U.S. Dollar Index is down 0.690 and September crude oil is up $0.45 per barrel. December gold is up $100.90 per ounce. Grain and soy markets are higher, led by soybeans on falling yield ideas and tightening world supplies. December corn, on a solid close above $4.92 could get more buying from speculative interests.

Livestock

Posted 11:23 -- October live cattle are down $1.50 at $217.425, September feeder cattle are down $3.48 at $329.875, October lean hogs are up $0.58 at $81.3, December corn is up 8 cents per bushel and December soybean meal is up $5.20. The Dow Jones Industrial Average is up 205.93 points and the NASDAQ is up 154.76 points. Bids of $225 live and $355 dressed are currently being offered in Nebraska and Iowa, while bids of $225 live are on the table in Texas. No trade has developed yet, but packer interest could improve later this afternoon.

Posted 08:38 -- October live cattle are up $0.40 at $219.325, September feeder cattle are down $0.40 at $332.95, October lean hogs are up $0.45 at $81.175, December corn is up 4 cents per bushel and December soybean meal is up $1.80. The Dow Jones Industrial Average is up 97.17 points and NASDAQ is up 119.03 points. The cattle contracts are off to a mixed start Wednesday as traders hope more fundamental support will arise. Still no trade has developed in the cash market and both bids and asking prices remain elusive.

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