DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 4 1/2 cents per bushel, January soybeans are down 1 1/2 cents, March KC wheat is up 3 1/2 cents, March Chicago wheat is down 2 1/2 cents and MIAX March Minneapolis wheat is down 0.0100 cents. The Dow Jones Industrial Average is down 181.13 points. The U.S. Dollar Index is up 0.220 and January crude oil is up $0.89 per barrel. February gold is up $33.80 per ounce. Heading into the Wednesday close, corn has firmed up on record ethanol production last week and a new sale to Mexico, while soybeans have come roaring back from morning lows after becoming very oversold. Bean oil has recovered and wheat is mixed, with Chicago still weaker on news that China canceled 2 cargoes of previous soft white contracts.

Posted 11:06 -- March corn is up 2 1/4 cents and January soybeans are down 8 cents. March KC wheat is up 1 1/2 cents, March Chicago wheat is down 3 3/4 cents, and March MIAX Minneapolis wheat is down 2 cents. January crude oil is up $0.93 and Dow Jones futures are down 72 points. The U.S. Dollar Index is up 0.20 and February gold is up $32.10. Thus far for Wednesday, it has been mixed trade across row crops as corn futures attempt to break away from the soybean markets' bearish influence and are marginally higher for the session. Soybean futures in the meanwhile remain in a nosedive, breaking through immediate support this week and are now lower than prices were immediately following the U.S.-China trade "truce" in late October.

Posted 08:34 -- March corn is up 2 cents per bushel, January soybeans are down 2 1/2 cents, March KC wheat is down 1 1/4 cents, March Chicago wheat is down 1 1/2 cents and MIAX March Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is up 170.82 points. The U.S. Dollar Index is up 0.310 and January crude oil is up $0.82 per barrel. February gold is up $34.10 per ounce. USDA: Private exporters reported the following: 198,000 mt (7.3 mb) of soybeans to China for 2025-26; 177,055 mt (7 mb)of corn to Mexico for 2025-26; 125,000 mt (4.6 mb) of soybeans to unknown destinations for 2025-26; and a cancellation of 132,000 mt (4.9 mb)of white wheat to China for 2025-26. Corn is firmer, and wheat and soy lower to start.

Livestock

Posted 11:39 -- February live cattle are down $0.30 at $230.4, January feeder cattle are down $0.83 at $342.5, February lean hogs are down $1.83 at $82.95, March corn is up 3 1/4 cents per bushel and January soybean meal is down $4.10. The Dow Jones Industrial Average is down 75.80 points and NASDAQ is down 243.63 points. No trade has developed yet in the fed cash cattle market, and no bids have developed yet. Asking prices are noted at $233-plus in the South but still remain elusive in the North.

Posted 08:40 -- February live cattle are down $0.18 at $230.525, January feeder cattle are down $0.98 at $342.35, February lean hogs are down $0.80 at $83.975, March corn is up 2 1/4 cents per bushel and January soybean meal is up $0.30. The Dow Jones Industrial Average is up 147.15 points and NASDAQ is down 30.93 points. After trading higher through Tuesday's close, the cattle complex is back to trading lower as the market continues to fear the resistance at the contract's 100-day moving average. Still no cash cattle trade has developed but asking prices are noted at $233 plus in the South.

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