DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:48 -- December corn is up 1 3/4 cents per bushel, January soybeans are down 5 1/2 cents, December KC wheat is down 8 1/4 cents, December Chicago wheat is down 11 1/2 cents and December MIAX wheat is down 8 cents. The Dow Jones Industrial Average is up 130.53 points. The U.S. Dollar Index is down 0.010 and December crude oil is up $2.99 per barrel. December gold is down $23.00 per ounce. Ahead of the close, it has been another bearish battering of wheat values. Media sources report that Russia has announced plans to open the Kerch Strait for the first time since July with naval escorts, and that has weighed on wheat values. Soybeans and bean oil are also lower, with the latter despite a $3 rise in crude oil.

Posted 10:31 -- December corn is up 4 1/4 cents per bushel, January soybeans are down 3/4 cents, December KC wheat is down 7 3/4 cents, December Chicago wheat is down 11 1/2 cents and December MIAX wheat is down 7 1/4 cents. The Dow Jones Industrial Average is up 135.50 points. The U.S. Dollar Index is up 0.020 and December crude oil is up $2.82 per barrel. December gold is down $19.10 per ounce. Midmorning Wednesday, the bearish parade continues on all three wheat markets with KC headed for a tenth straight loss and MIAX Minneapolis a twelfth straight. Corn is strong and soybeans are mixed to mostly lower. There is very little news.

Posted 08:34 -- December corn is up 2 1/4 cents per bushel, January soybeans are up 3/4 cent, December KC wheat is down a 1/2 cent, December Chicago wheat is down 2 3/4 cents and December MIAX wheat is down 1 1/2 cents. The Dow Jones Industrial Average is up 17.19 points. The U.S. Dollar Index is up 0.030 and December crude oil is up $1.98 per barrel. December gold is down $13.30 per ounce. USDA: Private exporters reported sales of 120,000 metric tons (4.4 mb) of soybeans for delivery to unknown destinations during the 2026/2027 marketing year. Wheat has reversed and moved lower again while soybeans are now well below the morning high.

Livestock

Posted 11:40 -- December live cattle are down $2.80 at $228.05, January feeder cattle are down $4.13 at $342.975, December lean hogs are down $2.25 at $59.775, December corn is up 2 3/4 cents per bushel and December soybean meal is down $0.40. The Dow Jones Industrial Average is up 139.89 points and the NASDAQ is down 10.49 points. The livestock complex continues to trade mixed into Wednesday's noon hour with the cattle contracts trading lower while the lean hog contracts rally. Bid have surfaced in the fed cash cattle market, but no trade has developed yet.

Posted 08:36 -- December live cattle are down $0.10 at $230.75, January feeder cattle are up $0.70 at $347.8, December lean hogs are down $0.13 at $61.9, December corn is up 1 3/4 cents per bushel and December soybean meal is down $1.30. The Dow Jones Industrial Average is up 21.50 points and the NASDAQ is up 97.29 points. Following Tuesday's slightly lower close, the cattle contracts are back to trading higher at Wednesday's start. Still no business has developed in the fed cash cattle market -- and it's most likely that trade will be delayed until Thursday or Friday.