DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 1 1/2 cents and November soybeans are down 1 1/4 cents. December KC wheat is up 2 1/4 cents, December Chicago wheat is up 1/4 cents, and December MIAX Minneapolis wheat is up 2 1/2 cents. December crude oil is down $1.52 and Dow Jones futures are up 166 points. The U.S. Dollar Index is down 0.06 and December gold is up $22.90. Row crop futures are mixed to open the new week, with slightly lower corn and soybeans, but higher wheat prices. Harvest pressure is the main theme right now with a warm and dry weather outlook through the next two weeks allowing producers to catch up from the slow start this fall. For soybeans, an exceptional past week for export demand, with almost 70 million bushels of flash sales announced, was not enough to break the market's fall as traders remain fixed on the supply side of the market for the time being. For wheat futures, price pressure has continued despite another phase of escalation in the Black Sea war, which will of course remain a critical storyline to follow through this week's trade.

Livestock