DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:42 -- December corn is down 3 1/2 cents per bushel, January soybeans are down 12 3/4 cents, December KC wheat is up 3 cents, December Chicago wheat is up 1 cent and December MIAX wheat is up 3 3/4 cents. The Dow Jones Industrial Average is down 1,694.66 points. The U.S. Dollar Index is down 0.060 and December crude oil is up $2.33 per barrel. December gold is up $37.80 per ounce. Heading into the Thursday close, corn, soybeans and bean oil have extended losses with soymeal also in the red. Wheat markets are still holding onto modest gains. More fund liquidation in the soy complex and corn is weighing on markets as is the short-term favorable weather for dry northern Brazil. However, the three-month forecast from the EU weather model seems to project a troublesome warm and dry pattern.

Posted 10:27 -- December corn is down 3/4 cent per bushel, January soybeans are up 2 1/2 cents, December KC wheat is up 9 cents, December Chicago wheat is up 7 1/4 cents and December MIAX wheat is up 6 1/2 cents. The Dow Jones Industrial Average is down 1,130.79 points. The U.S. Dollar Index is down 0.030 and December crude oil is up $2.27 per barrel. December gold is up $49.00 per ounce. At mid-session, wheat, soybeans and soymeal are higher while corn is slightly lower and bean oil futures are down hard despite the rebound in crude oil. Weaker rival edible oils and Wednesday's 8% drop in crude are given credit for the weakness.

Posted 08:32 -- December corn is down a 1/4 cent per bushel, January soybeans are up 5 1/4 cents, December KC wheat is up 5 3/4 cents, December Chicago wheat is up 4 1/4 cents and December MIAX wheat is up 5 3/4 cents. The Dow Jones Industrial Average is up 287.59 points. The U.S. Dollar Index is up 0.050 and December crude oil is up $1.39 per barrel. December gold is up $69.90 per ounce. Grain and soy markets are higher with the lone exception being bean oil and corn futures. There is very little news early Thursday.

Livestock

Posted 11:39 -- December live cattle are down $4.18 at $213.825, January feeder cattle are down $7.18 at $318.55, December lean hogs are down $2.85 at $54.7, December corn is down 2 3/4 cents per bushel and December soybean meal is down $0.50. The Dow Jones Industrial Average is down 1,508.25 points and the NASDAQ is down 1,236.88 points. Some light cash cattle trade has been noted in Kansas at $218, which is $6.00 lower than the previous week's weighted average. More trade needs to develop ahead of the week's close as thus far, both the North and the South have only traded small volumes of cattle.

Posted 08:35 -- December live cattle are down $1.08 at $216.925, January feeder cattle are down $0.70 at $325.025, December lean hogs are down $1.48 at $56.075, December corn is steady and December soybean meal is up $1.40. The Dow Jones Industrial Average is up 205.32 points and the NASDAQ is down 321.37 points. The cattle contracts are continuing to trade lower as support remains minimal. Packer interest should improve Thursday and Friday, but it is expected that prices will be lower. Currently there are no bids on the table.