DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 4 1/2 cents and November soybeans are down 5 1/4 cents. December KC wheat is down 8 3/4 cents, December Chicago wheat is down 11 3/4 cents, and December MIAX Minneapolis wheat is down 8 1/4 cents. December crude oil is down $0.61 and Dow Jones futures are up 555 points. The U.S. Dollar Index is down 0.27 and December gold is down $18.20. Heading into the final half hour of trade for Tuesday, row crop futures remain lower with little fresh news to break the bearish streaks across markets. At this point, liquidation of what was historically large net-length for speculators is the main driver of price action. That being said, futures are becoming quite oversold from a technical standpoint and approaching long-term chart support after dropping to multi-month lows.

Posted 10:48 -- December corn is down 5 1/4 cents and November soybeans are down 6 3/4 cents. December KC wheat is down 7 3/4 cents, December Chicago wheat is down 11 cents, and December MIAX Minneapolis wheat is down 5 1/4 cents. December crude oil is down $0.94 and Dow Jones futures are up 507 points. The U.S. Dollar Index is down 0.22 and December gold is down $6.80. At midmorning on Tuesday, row crop futures are continuing on their lower path, with traders solely focused on good harvest progress made through October thus far, and strong soybean export sales doing little to support prices. Noncommercial traders are in liquidation mode with corn futures completing a full retracement of the August/September price rally as of Tuesday's session.

Posted 08:30 -- December corn is down 1/4 cent per bushel, November soybeans are up 2 1/4 cents, December KC wheat is up 3 1/2 cents, December Chicago wheat is up 3 1/2 cents and December MIAX wheat is 3/4 cent. The Dow Jones Industrial Average is down 15.23 points. The U.S. Dollar Index is down 0.240 and December crude oil is up $0.95 per barrel. December gold is down $22.50 per ounce. USDA: Private exporters reported sales of 612,000 MT (22.5 million bushels) of soybeans for delivery to China during MY 2026/2027. Grain and soybeans are modestly higher to start, For the sixth consecutive day a new soybean sale was announced to China -- 22.5 million bushels.

Livestock

Posted 11:29 -- December live cattle are up $1.63 at $229.65, November feeder cattle are up $1.70 at $345.625, December lean hogs are up $0.50 at $66.85, December corn is down 5 cents per bushel and December soybean meal is down $5.50. The Dow Jones Industrial Average is up 490.59 points and the NASDAQ is up 45.72 points. The livestock complex is trading mixed into Tuesday's noon hour with the cattle contracts rallying moderately, but the lean hog contracts are remaining cautious. Still no trade has developed in the fed cash cattle market.

Posted 08:32 -- December live cattle are down $0.13 at $227.9, November feeder cattle are down $1.10 at $342.825, December lean hogs are up $0.08 at $66.425, December corn is down 1/4 cent per bushel and December soybean meal is down $2.10. The Dow Jones Industrial Average is down 16.33 points and the NASDAQ is down 114.76 points. And in waiting for the week's fundamental support to hopefully develop, the cattle contracts are back to trading slightly lower. No cash cattle trade has developed yet and both bids and asking prices remain elusive at this point.