DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 1 1/4 cents and November soybeans are down 6 1/2 cents. December KC wheat is down 9 cents, December Chicago wheat is down 6 3/4 cents, and December MIAX Minneapolis wheat is up 2 cents. October crude oil is up $0.96 and Dow Jones futures are up 249 points. The U.S. Dollar Index is down 0.12 and December gold is up $29.40. After mounting an impressive comeback Wednesday morning from overnight lows, row crop futures have again turned mostly lower heading into the close -- though still well above their lowest points for the session. Wheat futures have been especially volatile, at one point rising on reports that a meeting between President Erdogan of Turkey and Russia's President Putin on Wednesday ended with no clear breakthrough for an agreement to halt the summer escalation of attacks on shipping lanes and infrastructure in the Black Sea. Technical-based selling may be setting in as all markets remain considerably overbought from a momentum standpoint.

Posted 10:33 -- December corn is up 3 1/2 cents per bushel, November soybeans are up 3/4 cent, December KC wheat is up 12 1/4 cents, December Chicago wheat is up 12 cents and December MIAX wheat is up 15 cents. The Dow Jones Industrial Average is up 296.23 points. The U.S. Dollar Index is down 0.160 and October crude oil is up $0.43 per barrel. December gold is up $19.80 per ounce. At midmorning, wheat, corn and beans have bounced back from early selling to move higher. Bean oil remains lower. All three wheat markets have surged to new contract highs, with MIAX spring wheat futures leading the parade. December corn has again forged a new high as Black Sea exports remain subdued.

Posted 08:30 -- December corn is down 6 3/4 cents per bushel, November soybeans are down 13 cents, December KC wheat is down 10 1/2 cents, December Chicago wheat is down 7 3/4 cents and December MIAX wheat is down 17 1/2 cents. The Dow Jones Industrial Average is up 190.49 points. The U.S. Dollar Index is down 0.130 and October crude oil is down $0.49 per barrel. December gold is up $13.40 per ounce. USDA: Private exporters reported sales of 202,000 mt (7.4 million bushels) of soybeans received in the reporting period for delivery to China during the 2026/2027 marketing year. Grain and soy markets are backing up in a correction of huge gains this week as each market had become overbought.

Livestock

Posted 11:16 -- October live cattle are down $1.78 at $210.3, October feeder cattle are down $0.58 at $314.825, October lean hogs are down $0.10 at $83.55, December corn is up 3/4 cent per bushel and December soybean meal is down $0.00. The Dow Jones Industrial Average is up 277.94 points and the NASDAQ is up 133.49 points. Some light cash cattle trade has been noted in the North at $345, which is steady with last week's weighted average. No other business has developed yet, and currently no bids are on the table.

Posted 08:34 -- October live cattle are up $1.03 at $213.1, October feeder cattle are up $3.18 at $318.575, October lean hogs are up $1.05 at $84.7, December corn is down 6 3/4 cents per bushel and December soybean meal is down $5.50. The Dow Jones Industrial Average is up 185.68 points and the NASDAQ is up 5.76 points. The livestock complex is off to a stronger start as trader support is alive and well again at Wednesday's open. No bids are currently on the table in the cash market, and it's most likely that trade will be delayed until later in the week.

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