DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:40 -- December corn is up 3/4 cent per bushel, November soybeans are up 16 3/4 cents, December KC wheat is up 19 1/4 cents, December Chicago wheat is up 17 cents and December MIAX wheat is up 11 1/2 cents. The Dow Jones Industrial Average is down 47.74 points. The U.S. Dollar Index is up 0.540 and October crude oil is down $0.18 per barrel. December gold is down $139.90 per ounce. Ahead of the close on Friday, corn, wheat and soybeans have all reached new contract highs. Funds are big buyers of grain, soy and soy product futures. Falling yields, strong demand, Black Sea disruptions and a coming hot and dry forecast in the Plains and western Midwest as drought expands from Kansas toward the Tennessee Valley.

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Posted 10:29 -- December corn is up 4 1/2 cents per bushel, November soybeans are up 17 1/4 cents, December KC wheat is up 23 1/2 cents, December Chicago wheat is up 26 1/4 cents and December MIAX wheat is up 17 3/4 cents. The Dow Jones Industrial Average is up 226.99 points. The U.S. Dollar Index is up 0.360 and October crude oil is down $0.41 per barrel. December gold is down $45.60 per ounce. At midmorning, gains are accelerating in soybeans, soy products and wheat with new highs being scored. Corn is also higher on falling yield ideas, strong demand and the Black Sea export troubles that continued unabated.

Posted 08:32 -- December corn is up 5 cents per bushel, November soybeans are up 14 cents, December KC wheat is up 10 1/2 cents, December Chicago wheat is up 10 1/2 cents and December MIAX wheat is up 4 3/4 cents. The Dow Jones Industrial Average is up 152.10 points. The U.S. Dollar Index is up 0.040 and October crude oil is down $0.98 per barrel. December gold is down $11.60 per ounce. USDA: Private exporters reported the following sales activities: 182,000 mt (6.7 mb) of soybeans to China for 2026/2027, 226,000 mt (8.3 mb) of soybeans to unknown destinations for 2026/2027, 100,000 mt of soybean cake and meal to Germany for 2026/2027, and 100,000 mt of soybean cake and meal to the Netherlands for 2026/2027. Grain and soy markets are again sharply higher on falling production, increasing demand and continued Black Sea export issues.

Livestock

Posted 11:34 -- October live cattle are down $1.83 at $211.1, October feeder cattle are down $1.95 at $316.125, October lean hogs are down $0.40 at $80.225, December corn is up 3 1/4 cents per bushel and December soybean meal is up $9.30. The Dow Jones Industrial Average is up 9.51 points and the NASDAQ is down 96.86 points. Some cash cattle trade is developing in the South at $222 live which is $3.00 lower than last week's weighted average. At this point it's likely that the bulk of this week's trade is done with.

Posted 08:39 -- October live cattle are down $0.33 at $212.6, October feeder cattle are down $0.78 at $317.3, October lean hogs are down $0.33 at $80.3, December corn is up 4 1/2 cents per bushel and December soybean meal is up $5.60. The Dow Jones Industrial Average is up 73.14 points and the NASDAQ is up 21.51 points. The livestock complex is again off to a weaker start as traders aren't pleased with the fundamental support that's currently available in the marketplace. No new bids are currently on the table in the cash market, but trade will need to develop in the South.

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