DTN’s Grain Quick Takes

DTN’s Grain Quick Takes

OMAHA (DTN) — Posted 12:40 — December corn is up 1/2 cent per bushel, November soybeans are down 2 3/4 cents, December KC wheat is down 3 3/4 cents, December Chicago wheat is down 3 1/2 cents and MIAX December Minneapolis wheat is down 0.0375 cents.  The Dow Jones Industrial Average is up 241.99 points. The U.S. Dollar Index is up 0.260 and October crude oil is down $0.44 per barrel. December gold is down $31.10 per ounce. Heading to the Thursday close, December corn has tested and bounced above the 50-day moving average to trade higher, while November beans have also done that, but remain lower. The MIAX Minneapolis December wheat contract has fallen to a new low, joining Chicago and KC wheat.

Posted 10:29 — December corn is down 2 1/4 cents per bushel, November soybeans are down 4 3/4 cents, December KC wheat is down 6 1/4 cents, December Chicago wheat is down 6 cents and MIAX December Minneapolis wheat is down 0.0350 cents.  The Dow Jones Industrial Average is up 191.59 points. The U.S. Dollar Index is up 0.240 and October crude oil is down $0.39 per barrel. December gold is down $32.70 per ounce. At midmorning grain and soy markets are in sync and weaker with wheat and soy leading the way down. Heavy showers are forecast over the next two days in parts of southern Illinois, Indiana, Kentucky, and Ohio. The absence of China on the bean demand side and cheaper Argentine corn offers are weighing on those markets. So far, both December corn and November beans have bounced off the 50-day moving average, but a close under $4.14 on Dec and $10.23 on Nov is likely to lead to more selling.

Posted 08:31 — December corn is down 1/4 cent per bushel, November soybeans are down 5 1/2 cents, December KC wheat is down 6 1/4 cents, December Chicago wheat is down 6 1/2 cents and MIAX December Minneapolis wheat is down 0.0175 cents. The Dow Jones Industrial Average is down 72.05 points. The U.S. Dollar Index is up 0.130 and October crude oil is down $0.74 per barrel. December gold is down $23.60 per ounce. Wheat, soybeans and soy products are lower early Thursday with corn mixed in slow trade. Both KC and Chicago wheat again fell to new contract lows, pressured by ample world supplies and falling exporter offers.