DTN’s Grain Quick Takes

OMAHA (DTN) — Posted 10:34 — December corn is down 5 1/4 cents per bushel, November soybeans are down 3 cents, December KC wheat is down 6 cents, December Chicago wheat is down 4 3/4 cents and December MIAX wheat is down 2 3/4 cents. The Dow Jones Industrial Average is up 290.14 points. The U.S. Dollar Index is down 0.030 and October crude oil is down $1.74 per barrel. December gold is up $10.70 per ounce. At mid-morning corn, wheat and bean oil remain under heavy pressure while soybean meal has again surged to a new high. Likely soymeal-soybean oil spreading is driving that spread. Crude oil continues its correction to the downside.

Posted 08:32 — December corn is down 3 cents and November soybeans are down 1 3/4 cents. December KC wheat is down 10 1/2 cents, December Chicago wheat is down 11 3/4 cents, and December MIAX Minneapolis wheat is down 6 1/2 cents. October crude oil is down $1.87 and Dow Jones futures are up 400 points. The U.S. Dollar Index is down 0.14 and December gold is up $19.10. Row crop futures are lower to open Thursday’s session, other than soybean meal which continues its rally to over two-year highs. News is quiet this week as futures have priced in the recent fundamental outlook at look ahead to U.S. harvest and South American planting.