DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 2 3/4 cents and November soybeans are down 12 1/4 cents. December KC wheat is down a 1/2 cent, December Chicago wheat is down 1 1/2 cents, and December MIAX Minneapolis wheat is down 1 3/4 cents. November crude oil is up $3.10 and Dow Jones futures are up 557 points. The U.S. Dollar Index is down 0.52 and December gold is up $65.50. Heading into the last half hour of trade for Thursday, row crop futures had been set for another quiet close before a sudden wave of selling pressure hit the soybean market at late morning. Weakness is tied to the release of the September NOPA crush report, in which members crushed 196.3 million bushels (mb) of soybeans in September, well below expectations and likely caused by the severe delay to the U.S. soybean harvest through September. Corn and wheat turned lower as well on bearish influence from the soybean market.

Posted 10:36 -- December corn is unchanged and November soybeans are down 6 3/4 cents. December KC wheat is up 4 1/2 cents, December Chicago wheat is up 4 1/4 cents, and December MIAX Minneapolis wheat is down 1/4 cent. November crude oil is up $2.46 and Dow Jones futures are up 540 points. The U.S. Dollar Index is down 0.43 and December gold is up $67.50. At mid-morning on Thursday, soybeans are lower again for a fourth straight session despite another 22.5 million bushels of export sales announced Thursday morning, to China and unknown buyers. Corn futures have recovered from the lows on positive influence from the wheat market, which continues to show signs of bottoming with the war in the Black Sea in another phase of escalation currently.

Posted 08:31 -- December corn is down 3/4 cent per bushel, November soybeans are down 5 1/2 cents, December KC wheat is up 4 1/2 cents, December Chicago wheat is up 2 1/2 cents and December MIAX wheat is up 1 cent. The Dow Jones Industrial Average is up 257.68 points. The U.S. Dollar Index is down 0.490 and November crude oil is up $1.05 per barrel. December gold is up $66.60 per ounce. USDA: Private exporters reported to the following sales activity: 330,000 mt (12.1 million bushels) of soybeans to China for 2026/2027 and 283,450 mt (10.4 mb) of soybeans for delivery to unknown destinations for 2026/2027. China is stepping up to the plate to buy U.S. beans, but soybeans and bean oil continue to be under pressure, while corn and wheat are mixed in slow trade.

Livestock

Posted 11:36 -- December live cattle are up $1.98 at $227.1, November feeder cattle are up $2.43 at $340.875, December lean hogs are up $0.20 at $66.275, December corn is down 1 cent per bushel and December soybean meal is down $2.70. The Dow Jones Industrial Average is up 428.10 points and the NASDAQ is down 129.51 points. Bids of $226 have surfaced in Kansas, but no trade has developed quite yet. It's likely that trade could be delayed until Friday as feedlot managers hope to see the market trade higher again this week.

Posted 08:42 -- December live cattle are up $0.90 at $226.025, November feeder cattle are up $1.73 at $340.175, December lean hogs are up $0.25 at $66.325, December corn is down 2 3/4 cents per bushel and December soybean meal is up $3.20. The Dow Jones Industrial Average is up 242.66 points and the NASDAQ is down 238.60 points. No bids are on the table, but both the live cattle and feeder cattle contracts are off to a stronger start as traders hope that the fed cash cattle market will trade at least steady this week. Asking prices are noted at $230 in Texas.