DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 08:32 -- December corn is down 5 3/4 cents per bushel, November soybeans are down 5 3/4 cents, December KC wheat is down 9 1/4 cents, December Chicago wheat is down 7 3/4 cents and December MIAX wheat is down 6 cents. The Dow Jones Industrial Average is up 157.77 points. The U.S. Dollar Index is up 0.040 and November crude oil is down $1.80 per barrel. December gold is down $16.20 per ounce. Grain and soy markets are setting back on some profit-taking after Monday's strong start. Ahead is both the UN meeting in New York and the U.S.-China trade summit which begins Thursday. Traders will be watching for any news from those meetings that could influence markets.

Livestock

Posted 08:31 -- December live cattle are up $0.50 at $222.5, October feeder cattle are up $1.05 at $331.3, December lean hogs are up $0.75 at $70.55, December corn is down 4 1/4 cents per bushel and December soybean meal is down $0.80. The Dow Jones Industrial Average is up 183.89 points and NASDAQ is up 51.34 points. The livestock complex is again off to a stronger start as traders remain hopeful that fundamental support will arise later this week. No cash cattle trade has developed yet and both bids and asking prices remain elusive at this time.

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