DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- December corn is down 1 1/2 cents per bushel, November soybeans are down 18 1/2 cents, December KC wheat is down 7 1/4 cents, December Chicago wheat is down 10 1/2 cents and December MIAX wheat is down 7 3/4 cents. The Dow Jones Industrial Average is up 55.43 points. The U.S. Dollar Index is up 0.090 and December crude oil is down $1.11 per barrel. December gold is up $23.80 per ounce. Just ahead of the Monday close, corn and bean oil have recovered some from morning lows while soybeans, soymeal and wheat remain down hard. Increased Brazilian farmer selling is noted on the fall in the Brazilian real currency as President Lula won a fourth term in an upset.

Posted 10:32 -- December corn is down 1 cent per bushel, November soybeans are down 19 cents, December KC wheat is down 8 3/4 cents, December Chicago wheat is down 10 1/4 cents and December MIAX wheat is down 9 cents. The Dow Jones Industrial Average is up 157.77 points. The U.S. Dollar Index is up 0.220 and December crude oil is down $1.26 per barrel. December gold is up $25.20 per ounce. At midmorning, soybeans, soymeal and wheat are still down hard while corn and bean oil are moderately lower. News about the Brazil election surprise and the currency movement, along with the advancing harvest and more fund selling has weakened corn and soy. Weekly grain inspections are delayed.

Posted 08:31 -- December corn is down 5 cents per bushel, November soybeans are down 23 1/2 cents, December KC wheat is down 2 1/4 cents, December Chicago wheat is down 1 cent and December MIAX wheat is down 3 1/2 cents. The Dow Jones Industrial Average is up 213.86 points. The U.S. Dollar Index is up 0.140 and December crude oil is down $1.82 per barrel. December gold is up $14.60 per ounce. Soybeans, soy products and corn are getting pressured on the heels of the surprising re-election of Lula da Silva in Brazil and the resulting crash in Brazil's currency. Wheat is also lower again with KC headed for a possible 8th straight lower close.

Livestock

Posted 11:47 -- December live cattle are up $0.13 at $231.25, January feeder cattle are up $0.65 at $346., December lean hogs are down $0.55 at $65.025, December corn is down 3/4 cent per bushel and December soybean meal is down $6.00. The Dow Jones Industrial Average is up 106.55 points and the NASDAQ is up 225.37 points. New showlists for the week are steady in Kansas, but slightly higher in Texas and Nebraska. The livestock complex is trading mixed into Monday's noon hour as the cattle contracts rally on last week's tremendous success, while the lean hog complex remains hesitant as demand has been finicky.

Posted 08:40 -- December live cattle are up $0.15 at $231.275, January feeder cattle are up $1.55 at $346.9, December lean hogs are down $0.43 at $65.15, December corn is down 2 1/2 cents per bushel and December soybean meal is down $6.60. The Dow Jones Industrial Average is up 198.22 points and the NASDAQ is up 128.80 points. Following Friday's bullish Cattle on Feed report, the cattle contracts are rallying into Monday's open. It's still unclear exactly what shook out in last week's cash cattle trade, which is why it will be imperative to see what the midday USDA reports report.