DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- December corn is up 13 3/4 cents per bushel, November soybeans are up 30 1/2 cents, December KC wheat is up 39 1/4 cents, December Chicago wheat is up 45 cents and December MIAX wheat is up 34 cents. The Dow Jones Industrial Average is down 130.24 points. The U.S. Dollar Index is up 0.240 and October crude oil is up $0.19 per barrel. December gold is down $41.90 per ounce. Grain and soy markets have exploded to the upside, led by wheat and soybeans. Russia's Putin has stated he plans to escalate attacks on Ukraine grain, vessel and port structures already badly damaged. That has led to big fund buying in corn, wheat and to a lesser extent soybeans and soymeal. Adding to the bullish euphoria are falling yield ideas, increased demand, and a hot and dry outlook for parts of the Western Corn Belt and Plains. Rumors are China has bought an additional 4 to 6 cargoes of U.S. beans this morning.

Posted 10:29 -- December corn is up 3 1/2 cents per bushel, November soybeans are up 6 1/2 cents, December KC wheat is up 10 1/2 cents, December Chicago wheat is up 15 cents and December MIAX wheat is up 8 1/4 cents. The Dow Jones Industrial Average is down 116.32 points. The U.S. Dollar Index is up 0.260 and October crude oil is down $0.02 per barrel. December gold is down $42.20 per ounce. At midmorning, corn, wheat and soybeans remain higher with only bean oil futures lower. Falling yield ideas, solid demand and Black Sea troubles are dominating the headlines. Crude oil has recovered from early selling to trade higher.

Posted 08:38 -- December corn is up 5 1/2 cents per bushel, November soybeans are up 5 1/4 cents, December KC wheat is up 13 cents, December Chicago wheat is up 14 cents and December MIAX wheat is up 9 3/4 cents. The Dow Jones Industrial Average is down 1.02 points. The U.S. Dollar Index is up 0.200 and October crude oil is down $1.18 per barrel. December gold is down $24.00 per ounce. USDA: Private exporters reported sales of 333,000 metric tons (12.2 million bushels) of soybeans for delivery to China during the 2026-27 marketing year. Grain and soy markets start off very firm, led by wheat, with the exception of bean oil. Falling yield, increasing demand and the Black Sea export issues are driving markets.

Livestock

Posted 11:39 -- October live cattle are down $0.83 at $210.125, October feeder cattle are down $1.63 at $311.7, October lean hogs are up $0.08 at $80.525, December corn is up 12 1/2 cents per bushel and December soybean meal is up $7.20. The Dow Jones Industrial Average is down 160.82 points and the NASDAQ is down 106.70 points. Bids of $218 live are currently on the table in Kansas, and bids of $218 live and $345 dressed are being offered in Nebraska. But no new trade has developed following Tuesday's light business.

Posted 08:36 -- October live cattle are down $0.23 at $210.725, October feeder cattle are up $0.20 at $313.525, October lean hogs are up $0.35 at $80.8, December corn is up 4 1/2 cents per bushel and December soybean meal is up $4.30. The Dow Jones Industrial Average is down 88.78 points and the NASDAQ is down 45.57 points. There's a tick more trader support helping drive some of the lean hog and feeder cattle contracts higher at Wednesday's open. No new cash cattle trade has developed following Tuesday's light business but packer interest should improve as the week carries on.

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