DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:26 -- December corn is up a 1/4 cent, January soybeans are down 7 1/4 cents, December KC wheat is up 1 cent, December Chicago wheat is up 5 3/4 cents and December MIAX wheat is up 4 1/2 cents. The Dow Jones Industrial Average is down 126.40 points. The U.S. Dollar Index is down 0.230 and December crude oil is down $2.54 per barrel. December gold is down $18.50 per ounce. At midmorning, corn and wheat markets have recovered to trade higher, while soybeans and products remain lower. Soybean meal has expanded losses as funds continue to liquidate.

Posted 08:32 -- December corn is down 2 cents per bushel, January soybeans are down 7 3/4 cents, December KC wheat is down 4 1/4 cents, December Chicago wheat is down 3 cents and December MIAX wheat is down a 1/4 cent. The Dow Jones Industrial Average is down 225.40 points. The U.S. Dollar Index is up 0.120 and December crude oil is down $2.54 per barrel. December gold is down $16.00 per ounce. Grain and soy markets are mostly lower, led by soybeans and soy products. Crude oil is down more than $2 per barrel on renewed hopes for a diplomatic solution for the ongoing wars.

Livestock

Posted 08:33 -- December live cattle are down $1.23 at $226.1, January feeder cattle are down $1.00 at $341.1, December lean hogs are up $0.63 at $59.225, December corn is down 2 1/4 cents per bushel and December soybean meal is down $3.80. The Dow Jones Industrial Average is down 172.10 points and the NASDAQ is down 361.78 points. The cattle complex continues to trade lower as Thursday's start as traders hope to find some fundamental support. Currently now bids are on the table but some light trade was noted in Nebraska at $352 on Wednesday.

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