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Occasionally, updates regarding the livestock and grains futures markets


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DTN's Quick Takes

VIDEO: Risk on mentality in the grains and basis change for the cattle markets
Swift Trading Company

(Illustration by Nick Scalise)

OMAHA (DTN) -- December corn is down 3 1/4 cents per bushel, January soybeans are up 4 cents, December KC wheat is up 10 3/4 cents, December Chicago wheat is up 6 1/4 cents and December Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is up 37.17 points and December crude oil is down $0.11 per barrel. The U.S. Dollar Index is up 0.350 and December gold is down $7.90 per ounce. The two energy-related contracts -- corn and soybean oil -- remain lower for the day, as spot crude oil threatens to fall under $81 per barrel. Wheat and soybeans remain modestly higher. Funds have been buyers of an estimated 6,000 contracts of soybeans, while selling a like amount of corn as of noon Wednesday. Weather in Brazil remains the focus of traders with a too-dry forecast for northern areas and a too-wet forecast for southern Brazil.

Posted 10:30 -- December corn is down 3 cents per bushel, January soybeans are up 6 1/4 cents, December KC wheat is up 6 cents, December Chicago wheat is up 3 3/4 cents and December Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is up 134.26 points and December crude oil is up $1.24 per barrel. The U.S. Dollar Index is up 0.210 and December gold is down $2.00 per ounce. In very quiet trade, both winter wheat futures markets have held their gains, while Minneapolis is slipping. Soybeans are very firm, while corn is down 3 cents. A mostly clear forecast lies ahead for five days, with some Eastern Corn Belt showers expected next week. Last week's ethanol production rose for the fourth consecutive week on solid margins.

Posted 10:00 -- December corn is down 5 1/2 cents per bushel, January soybeans are up 7 1/2 cents, December KC wheat is up 1 cent, December Chicago wheat is up 2 3/4 cents and December Minneapolis wheat is down 1 3/4 cents. The Dow Jones Industrial Average is up 196.58 points and December crude oil is up $1.99 per barrel. The U.S. Dollar Index is up 0.100 and December gold is up $2.40 per ounce. The Energy Information Administration (EIA) released the weekly petroleum report for the week ending Oct. 27, and it continued to show higher ethanol production with the U.S. producing 1.052 million barrels per day compared to 1.040 mbd last week and last year. Ethanol stocks fell by 1.8% to 21 million barrels.

Posted 08:35 -- December corn is up 1/4 cent per bushel, January soybeans are down 1 3/4 cents, December KC wheat is up 7 3/4 cents, December Chicago wheat is up 6 cents and December Minneapolis wheat is up 4 cents. The Dow Jones Industrial Average is up 25.92 points and December crude oil is up $1.95 per barrel. The U.S. Dollar Index is up 0.410 and December gold is down $3.60 per ounce. Corn is unchanged, while soybeans and bean oil are up slightly, and soymeal lower. Wheat is getting a bounce, but it could be termed a "dead cat" bounce, as U.S. export demand remains sluggish. Tensions appear to be rising in the Middle East, so we are seeing sideways and choppy market action in most ag markets.

Posted 11:42 -- December live cattle are down $0.35 at $183.2, January feeder cattle are up $0.43 at $237.625, December lean hogs are down $0.33 at $71.4, December corn is down 1/4 cent per bushel and December soybean meal is down $5.50. The October live cattle contract ended the month with a $4.37 loss. While the October lean hog issue finished the month with a net 57-cent loss. The Dow Jones Industrial Average is up 24.55 points. In cattle feeding country Wednesday morning a few asking prices are being reported in parts of the South at $188, but they have yet to be established in the North. Packer inquiry should start to improve at some point today; it is possible significant trade volume will be delayed until Thursday and/or Friday.

Posted 08:37 -- December live cattle are down $0.35 at $183.2, January feeder cattle are up $0.43 at $237.625, December lean hogs are down $0.33 at $71.4, December corn is down 1/4 cent per bushel and December soybean meal is down $5.50. The October live cattle contract ended the month with a $4.37 loss. While the October lean hog issue finished the month with a net 57 cent loss. The Dow Jones Industrial Average is up 24.55 points. In cattle feeding country this morning just a few asking prices are being reported in parts of the South at $188, but they have yet to be established in the North. Packer inquiry should start to improve at some point Wednesday. It is possible that significant trade volume will be delayed until Thursday and/or Friday.

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