DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 10:27 -- December corn is up 1/4 cent per bushel, January soybeans are down 16 1/2 cents, December KC wheat is up 2 1/4 cents, December Chicago wheat is up 2 3/4 cents and December MIAX wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 506.87 points. The U.S. Dollar Index is down 0.180 and December crude oil is down $7.10 per barrel. December gold is up $74.90 per ounce. At midmorning, soybeans and soy products are extending losses with pressure on bean oil coming from spot crude down over $7 per barrel. Corn is barely higher and wheat is up just a couple of cents.

Posted 08:34 -- December corn is up 2 cents per bushel, January soybeans are down 3 cents, December KC wheat is up 4 cents, December Chicago wheat is up 4 cents and December MIAX wheat is up 0.0350 cents. The Dow Jones Industrial Average is up 413.09 points. The U.S. Dollar Index is down 0.290 and December crude oil is down $6.67 per barrel. December gold is up $65.10 per ounce. Private exporters reported the following sales activities: 1,729,740 mt (68 mb) of corn to Mexico. Of the total, 1,135,380 mt (44.7 mb) is 2026/2027 and 594,360 mt (23.4 mb) is for 2027/2028, and 136,000 mt (5 mb) of soybeans for China for 2026/2027. Corn and wheat are off to a firm start in November, while beans and bean oil are down, likely pressured by the falling crude oil market.

Posted 19:11 Sunday -- December corn is up 1 1/4 cents and November soybeans are down 1 1/2 cents. December KC wheat is up 1 1/2 cents, December Chicago wheat is up 1 1/4 cents, and December MIAX Minneapolis wheat is up 1 1/4 cents. December crude oil is down $2.06 and Dow Jones futures are up 137 points. The U.S. Dollar Index is up 0.07 and December gold is up $18.80. Row crop futures are mixed and quiet on the open to the new week as well as the new month. Corn, soy, and wheat markets will attempt to turn a page in November after very ugly price action through the month of October, with each market managing only a handful of positive sessions over the past several weeks. Although there is a chance for some disruptive weather this week, U.S. corn and soybean harvests should be entering their final stage, which may help lift some pressure off of prices. In macro news, markets (especially energies) will be watching this week's U.S. elections on Tuesday, as well as whether there is any significant escalation in the U.S.-Iran war following the elections.

Livestock

Posted 11:41 -- December live cattle are down $0.58 at $220.375, January feeder cattle are up $0.85 at $332.625, December lean hogs are down $0.75 at $58.125, December corn is down 1/2 cent per bushel and December soybean meal is steady. The Dow Jones Industrial Average is up 500.23 points and the NASDAQ is up 82.98 points. New showlists for the week are lower in Texas, but slightly higher in Nebraska, and noticeably higher in Kansas. Before traders will likely push the livestock contracts higher, they're going to need to see greater fundamental support in this week's market.

Posted 8:34 -- December live cattle are up $0.78 at $221.725, January feeder cattle are up $1.80 at $333.575, December lean hogs are up $1.15 at $60.025, December corn is up 1 1/2 cents per bushel and December soybean meal is down $1.60. The Dow Jones Industrial Average is up 398.30 points and the NASDAQ is up 164.74 points. At Monday's start the livestock complex is again off to a stronger start. Given that last week's negotiated cash cattle trade was so thin, it will be imperative to check the USDA's midmorning report to see exactly how many cattle traded and for what price.