DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:37 -- December corn is down 20 1/2 cents per bushel, November soybeans are down 5 1/2 cents, December KC wheat is down 9 1/4 cents, December Chicago wheat is down 15 3/4 cents and December MIAX wheat is down 3 1/2 cents. The Dow Jones Industrial Average is down 123.40 points. The U.S. Dollar Index is up 0.030 and November crude oil is up $1.57 per barrel. December gold is up $2.80 per ounce. As we approach the Wednesday close, corn is reeling from a bearish stocks surprise in the USDA Quarterly Grain Stocks report. Wheat is following to some extent despite a neutral report and soybeans and soymeal have reversed from early strength to trade lower. There is no doubt some fund liquidation going on.

Posted 10:31 -- December corn is up 2 cents per bushel, November soybeans are up 7 1/4 cents, December KC wheat is down 4 1/2 cents, December Chicago wheat is down 3 1/4 cents and December MIAX wheat is down 3 cents. The Dow Jones Industrial Average is up 33.07 points. The U.S. Dollar Index is down 0.130 and November crude oil is up $1.94 per barrel. December gold is up $12.00 per ounce. At mid-morning, both corn and wheat have backed off early gains with wheat now trading lower for the seventh straight day. Rain, with some heavy, is falling from Texas up through southern Nebraska and into southern Minnesota and northern Illinois.

Posted 08:31 -- December corn is up 3 cents per bushel, November soybeans are up 11 cents, December KC wheat is up 6 cents, December Chicago wheat is up 5 cents and December MIAX wheat is up 5 1/4 cents. The Dow Jones Industrial Average is up 40.99 points. The U.S. Dollar Index is down 0.210 and November crude oil is up $1.83 per barrel. December gold is up $44.60 per ounce. USDA: Private exporters reported sales of 105,000 metric tons (3.9 mb) of soybeans for delivery to unknown destinations during the 2026/2027 marketing year. Grain and soy markets are very firm, led by soybeans as more harvest delays are expected with heavy rain falling in parts of the central and western Midwest.

Livestock

Posted 11:46 -- December live cattle are up $2.40 at $223.2, November feeder cattle are up $3.65 at $334.55, December lean hogs are down $0.13 at $69.575, December corn is down 21 1/4 cents per bushel and December soybean meal is down $0.10. The Dow Jones Industrial Average is down 22.11 points and the NASDAQ is up 271.25 points. Traders continue to help drive the cattle contracts higher, which will hopefully help feedlot managers push this week's fed cash cattle market higher too. Bids are noted in Nebraska at $345 but asking prices are set at $360 in Nebraska.

Posted 08:37 -- December live cattle are up $1.20 at $222., November feeder cattle are up $0.93 at $331.825, December lean hogs are down $0.33 at $69.375, December corn is up 3 cents per bushel and December soybean meal is up $4.90. The Dow Jones Industrial Average is up 50.98 points and the NASDAQ is up 139.03 points. The livestock complex is again trading mixed as the cattle contracts inch higher while the lean hog complex are trading lower. Some light trade developed on Tuesday in the North at mostly $350 but the week's trade has thus far been extremely light -- not enough to say that any sort of a trend has been established.