DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:49 -- December corn is up 1/4 cent per bushel, November soybeans are down 3 3/4 cents, December KC wheat is down 17 1/2 cents, December Chicago wheat is down 14 cents and December MIAX wheat is down 12 cents. The Dow Jones Industrial Average is up 286.98 points. The U.S. Dollar Index is down 0.030 and December crude oil is down $0.76 per barrel. December gold is up $10.30 per ounce. Heading into the Wednesday close, wheat and the soy complex remain lower with wheat suffering big losses. Corn has come back 9 cents from the morning low to trade slightly higher. All three major markets remain very, very oversold following harvest pressure along with technical and fund selling.

Posted 10:33 -- December corn is down a 1/2 cent per bushel, November soybeans are down 3 3/4 cents, December KC wheat is down 18 3/4 cents, December Chicago wheat is down 15 3/4 cents and December MIAX wheat is down 11 3/4 cents. The Dow Jones Industrial Average is up 99.39 points. The U.S. Dollar Index is up 0.040 and December crude oil is down $1.02 per barrel. December gold is up $15.40 per ounce. At midmorning, corn, soybeans and soymeal have come roaring back from morning lows, with corn 8 cents above and beans 9 cents over the early lows. Ethanol production jumped 29,000 barrels last week to 1.094 million barrels per day while inventory gained 616,000 barrels. Wheat remains under pressure.

Posted 08:31 -- December corn is down 5 3/4 cents per bushel, November soybeans are down 7 1/2 cents, December KC wheat is down 18 1/2 cents, December Chicago wheat is down 15 3/4 cents and December MIAX wheat is down 8 3/4 cents. The Dow Jones Industrial Average is up 57.49 points. The U.S. Dollar Index is down 0.020 and December crude oil is down $0.59 per barrel. December gold is up $14.50 per ounce. Private exporters reported the following sales activity: 134,000 mt (4.9 mb) of soybeans to China for 2026/2027 and 165,000 mt (6 mb) of soybeans to Spain for 2026/2027. The hits keep coming as China ramps up its purchases of U.S. beans. However, grain and soy markets continue to be under heavy pressure as the harvest advances quickly.

Livestock

Posted 11:44 --December live cattle are up $1.63 at $231.8, January feeder cattle are up $3.65 at $346.275, December lean hogs are down $1.28 at $65.875, December corn is down 1/2 cent per bushel and December soybean meal is down $2.00. The Dow Jones Industrial Average is up 194.50 points and the NASDAQ is up 318.45 points. Asking prices have surfaced in the Southern plains at $232, but are still not established in the North. Trade will likely be delayed until after Friday's Cattle on Feed report.

Posted 08:34 -- December live cattle are up $0.03 at $230.2, January feeder cattle are up $0.80 at $343.425, December lean hogs are down $0.70 at $66.45, December corn is down 7 cents per bushel and December soybean meal is down $3.70. The Dow Jones Industrial Average is down 15.02 points and the NASDAQ is up 127.19 points. Continuing to believe that fundamental support will arise later this week, the cattle contracts are back to trading higher at Wednesday's start. No bids or asking prices have surfaced yet in the fed cash cattle market, and trade will likely be delayed until Friday.