DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:36 -- December corn is up 14 1/2 cents per bushel, November soybeans are up 23 3/4 cents, December KC wheat is up 10 1/2 cents, December Chicago wheat is up 12 cents and December MIAX wheat is up 7 1/4 cents. The Dow Jones Industrial Average is up 311.91 points. The U.S. Dollar Index is up 0.180 and November crude oil is down $4.03 per barrel. December gold is down $47.00 per ounce. Heading into the Monday close, wheat, corn and soy markets are sharply higher. Optimism over the upcoming meeting with China on trade and the extension of the crude oil correction for a fourth straight day, along with growing concern over Black Sea exports has fueled buying on Monday.

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Posted 10:30 -- December corn is up 13 1/2 cents per bushel, November soybeans are up 19 3/4 cents, December KC wheat is up 10 3/4 cents, December Chicago wheat is up 11 1/4 cents and December MIAX wheat is up 7 cents. The Dow Jones Industrial Average is up 195.69 points. The U.S. Dollar Index is up 0.180 and November crude oil is down $3.90 per barrel. December gold is down $35.10 per ounce. Grain and soy markets are flying higher early Monday as crude oil is down nearly $5 per barrel, and the U.S.-China trade summit is ahead this week.

Posted 08:32 -- December corn is up 7 1/2 cents per bushel, November soybeans are up 14 1/4 cents, December KC wheat is up 7 1/2 cents, December Chicago wheat is up 7 cents and December MIAX wheat is up 4 1/4 cents. The Dow Jones Industrial Average is up 207.25 points. The U.S. Dollar Index is up 0.070 and November crude oil is down $3.12 per barrel. December gold is down $28.40 per ounce. Grain and soy markets start the new week strong led by corn and soybeans. Crude oil futures are down nearly $4 per barrel on the fourth straight day of the correction. Traders are looking forward to the trade meeting between the U.S. and China on Thursday.

Livestock

Posted 11:42 -- December live cattle are up $4.68 at $221.3, October feeder cattle are up $5.83 at $329.325, December lean hogs are up $1.35 at $69.9, December corn is up 14 1/2 cents per bushel and December soybean meal is up $8.50. The Dow Jones Industrial Average is up 323.74 points and NASDAQ is up 516.78 points. As traders have noticed the record-low August placements in last Friday's Cattle on Feed report, both the live cattle and feeder cattle contracts are trading sharply higher. Showlists for this week are lighter in Kansas and Nebraska, but larger in Texas.

Posted 08:33 -- December live cattle are up $2.45 at $219.075, October feeder cattle are up $4.13 at $327.625, December lean hogs are up $0.23 at $68.775, December corn is up 8 cents per bushel and December soybean meal is up $3.90. The Dow Jones Industrial Average is up 308.18 points and the NASDAQ is up 196.94 points. The livestock complex is off to a stronger start, as traders note the decrease in Friday's Cattle on Feed placements. Noting the USDA reports today will be vital as it's unknown exactly how trade developed in the Southern plains last week for the fed cash cattle market.

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