DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:40 -- December corn is down 1 1/2 cents per bushel, January soybeans are up 4 cents, December KC wheat is up 5 3/4 cents, December Chicago wheat is up 6 1/4 cents and December MIAX wheat is up 5 cents. The Dow Jones Industrial Average is up 246.31 points. The U.S. Dollar Index is up 0.680 and December crude oil is up $0.91 per barrel. December gold is down $32.50 per ounce. Heading into the mid-week close, wheat and bean oil markets remain strong while corn is still down but well above the low. Crude oil is up just over $1 per barrel and equities are strong.

Posted 10:32 -- December corn is down 2 3/4 cents per bushel, January soybeans are up 1 cent, December KC wheat is up 5 3/4 cents, December Chicago wheat is up 5 1/4 cents and December MIAX wheat is up 6 3/4 cents. The Dow Jones Industrial Average is up 11.55 points. The U.S. Dollar Index is up 0.650 and December crude oil is up $2.20 per barrel. December gold is down $21.00 per ounce. At mid-Wednesday morning, soybean oil and wheat markets are firm, while corn is lower and soybeans little changed in quiet trade. The markets remain fairly oversold.

Posted 08:34 -- December corn is down 3 cents per bushel, January soybeans are down 4 cents, December KC wheat is down 1/2 cent, December Chicago wheat is unchanged and December MIAX wheat is up 4 1/2 cents. The Dow Jones Industrial Average is down 17.12 points. The U.S. Dollar Index is up 0.690 and December crude oil is up $1.29 per barrel. December gold is up $0.30 per ounce. Trading early Wednesday features a correction in the corn and soy markets to Tuesday's reaction to bullish WASDE data. After a firmer start, wheat is now just mixed.

Livestock

Posted 11:42 -- December live cattle are down $0.88 at $218.325, January feeder cattle are up $0.50 at $327.175, December lean hogs are down $0.18 at $55.625, December corn is down 1 1/2 cents per bushel and December soybean meal is up $3.40. The Dow Jones Industrial Average is up 146.82 points and the NASDAQ is up 557.21 points. The livestock complex is trading mixed into Wednesday's noon hour as traders hope to see greater fundamental support arise. Still no trade has developed in the fed cash cattle market.

Posted 08:32 -- December live cattle are down $0.20 at $219, January feeder cattle are up $1.05 at $327.725, December lean hogs are down $0.75 at $55.05, December corn is down 4 1/4 cents per bushel and December soybean meal is down $2.80. The Dow Jones Industrial Average is up 36.20 points and the NASDAQ is up 388.07 points. The cash cattle market remains quiet at Wednesday's start, with no business having developed yet. Trade will likely be delayed until Thursday or Friday as no bids or asking prices have surfaced yet.