DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 3 1/2 cents per bushel, November soybeans are up 4 1/4 cents, December KC wheat is down 19 1/4 cents, December Chicago wheat is down 23 1/4 cents and December MIAX wheat is down 16 cents. The Dow Jones Industrial Average is up 634.10 points. The U.S. Dollar Index is down 0.710 and October crude oil is up $0.50 per barrel. December gold is up $124.80 per ounce. Wheat markets are trying to recover but are still trading lower on this morning's news. Soybeans have turned higher while soybean oil is still lower. Crude oil not doing much as there is still uncertainty as to what happens next in the Middle East conflict.

Posted 10:30 -- December corn is down 8 1/2 cents per bushel, November soybeans are up 1 1/4 cents, December KC wheat is down 27 1/2 cents, December Chicago wheat is down 28 1/2 cents and MIAX December Minneapolis wheat is down 0.2225 cents. The Dow Jones Industrial Average is up 621.87 points. The U.S. Dollar Index is down 0.610 and October crude oil is up $1.52 per barrel. December gold is up $139.00 per ounce. Wheat markets fell to new lows for the week and still reacting to reports of Putin saying there may be upcoming negotiations with Ukraine. Corn market is following along but also is seeing some profit-taking after the recent strength. Soybeans have turned higher again, and we had another sale to China reported Thursday.

Posted 08:40 -- December corn is down 13 cents and November soybeans are down 16 cents. December KC wheat is down 28 1/4 cents, December Chicago wheat is down 33 cents, and December MIAX Minneapolis wheat is down 24 1/4 cents. October crude oil is up $0.83 and Dow Jones futures are up 400 points. The U.S. Dollar Index is down 0.56 and December gold is up $110.60. Row crop futures are heavily lower to start the Thursday day session, with technical selling and profit-taking kicking in after a historic August rally. At this point, a bit of a breather shouldn't be too alarming as the underlying fundamental situation for grains still leans bullish. Wheat is leading losses on comments from Russia's President Putin expressing some lingering optimism for a peace agreement in the Black Sea, though the latest Turkey-led push for a deal has gone nowhere. USDA reported another strong week for new-crop export sales, with China having purchased at least 8.3 mmt for the upcoming year thus far, according to USDA -- 1/3 of the reported trade truce volume commitments (25 mmt).

Livestock

Posted 11:37 -- October live cattle are up $4.33 at $214.5, October feeder cattle are up $6.98 at $321.35, October lean hogs are down $0.48 at $83.3, December corn is down 3 1/4 cents per bushel and December soybean meal is up $5.30. The Dow Jones Industrial Average is up 614.00 points and the NASDAQ is up 340.30 points. With both the live cattle and feeder cattle contracts seeing immense support from traders, there's hope that this week's fed cash cattle market may be able to hold steady too. A single bid of $219 is currently being offered in Kansas, but otherwise no new developments have surfaced.

Posted 08:34 -- October live cattle are up $1.58 at $211.75, October feeder cattle are up $3.33 at $317.7, October lean hogs are down $0.13 at $83.65, December corn is down 12 3/4 cents per bushel and December soybean meal is down $3.10. The Dow Jones Industrial Average is up 371.32 points and the NASDAQ is up 148.97 points. Beef net sales of 12,900 mt for 2026 were up 41% from the previous week, but down 2% from the prior 4-week average. The three largest buyers were South Korea (4,700 mt), Hong Kong (1,700 mt) and Japan (1,600 mt). Pork net sales of 35,000 mt for 2026 were down 10% from the previous week but up 8% from the prior 4-week average. The three largest buyers were Mexico (17,800 mt), China (5,900 mt) and Japan (2,700 mt).

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