DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:46 -- December corn is down 3/4 cent per bushel, November soybeans are up 11 3/4 cents, December KC wheat is down 2 1/4 cents, December Chicago wheat is up 3 1/2 cents and December MIAX wheat is down 3 1/2 cents. The Dow Jones Industrial Average is down 240.90 points. The U.S. Dollar Index is up 0.360 and November crude oil is down $2.36 per barrel. December gold is up $9.90 per ounce. At mid-day, soybeans, soy products and Chicago wheat are all higher with KC and MIAX wheat lower. Crude oil is again fading. Talk of corn yields worsening, with mention of a sprouting issue in Nebraska and Iowa is supportive for corn.

Posted 10:32 -- December corn is down 2 1/4 cents per bushel, November soybeans are up 7 cents, December KC wheat is down 8 1/2 cents, December Chicago wheat is down 1 1/2 cents and December MIAX wheat is down 4 1/2 cents. The Dow Jones Industrial Average is down 306.93 points. The U.S. Dollar Index is up 0.310 and November crude oil is down $1.07 per barrel. December gold is up $17.90 per ounce. At mid-morning corn and wheat are lower and soybeans and bean oil are still higher in slow trade. KC wheat is taking the brunt of the selling as rain is again moving across the Texas and Oklahoma panhandles and western Kansas.

Posted 08:32 -- December corn is up 1/2 cent per bushel, November soybeans are up 5 3/4 cents, December KC wheat is down 8 1/4 cents, December Chicago wheat is down 2 cents and December MIAX wheat is down 1 3/4 cents. The Dow Jones Industrial Average is down 58.20 points. The U.S. Dollar Index is up 0.190 and November crude oil is down $2.17 per barrel. December gold is up $20.30 per ounce. Corn and beans are moderately higher while wheat is mostly weaker. Crude oil is down over $2 per barrel as exports from the Middle East have picked up to 16.3 million barrels per day.

Livestock

Posted 11:34 -- December live cattle are up $1.10 at $221.9, November feeder cattle are up $1.70 at $330.975, December lean hogs are up $1.33 at $69.725, December corn is down 1 1/2 cents per bushel and December soybean meal is up $2.00. The Dow Jones Industrial Average is down 297.35 points and the NASDAQ is down 38.34 points. A single bid is currently on the table in Nebraska at $350 but no cattle have traded just yet. Asking prices remain elusive and it's likely that the week's trade will be delayed until the later half of the week.

Posted 8:35 -- December live cattle are up $0.78 at $221.575, November feeder cattle are up $1.28 at $330.55, December lean hogs are up $0.18 at $68.575, December corn is up 1 3/4 cents per bushel and December soybean meal is down $1.80. The Dow Jones Industrial Average is down 31.13 points and NASDAQ is up 81.33 points. The livestock complex is trading slightly higher into Tuesday's noon hour, finding some mild technical support following Monday's weaker close. The cash market still doesn't have any bids of asking prices noted.

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