DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:26 -- December corn is down 7 1/4 cents per bushel, November soybeans are down 24 3/4 cents, December KC wheat is down 21 cents, December Chicago wheat is down 21 cents and December MIAX wheat is down 0.1250 cents. The Dow Jones Industrial Average is up 517.99 points. The U.S. Dollar Index is up 0.020 and October crude oil is down $2.92 per barrel. December gold is up $2.10 per ounce. At mid-morning, grain and soy markets are falling under heavy selling pressure, led by soybeans, bean oil and wheat. On soybeans, what appeared to be a bullish break out on Thursday has been negated as bean oil falls with the weaker crude oil market. Spot WTI crude has now backed off $5 per barrel from the overnight high.

Posted 08:31 -- December corn is down 5 3/4 cents per bushel, November soybeans are down 15 cents, December KC wheat is down 8 1/4 cents, December Chicago wheat is down 4 3/4 cents and December MIAX wheat is down 4 cents. The Dow Jones Industrial Average is up 544.49 points. The U.S. Dollar Index is down 0.010 and October crude oil is down $3.62 per barrel. December gold is up $18.90 per ounce. USDA: Private exporters reported sales of 264,000 metric tons (10.4 mb) of corn for delivery to Mexico during the 2026/2027 marketing year. Grain and soy markets are under heavy pressure led by weakness in soybeans and bean oil as crude oil is correcting.

Livestock

Posted 08:34 -- October live cattle are up $0.28 at $218.1, October feeder cattle are up $1.25 at $328.8, October lean hogs are down $0.15 at $83., December corn is down 5 3/4 cents per bushel and December soybean meal is down $2.10. The Dow Jones Industrial Average is up 578.49 points and the NASDAQ is up 222.61 points. The livestock complex is off to a mixed start as the cattle contracts continue to run higher, while the lean hog complex isn't as optimistic. No cash cattle trade has developed this week -- which means that it's going to be essential for packers to get aggressive ahead of the day's end.

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