DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- May corn is up 4 cents per bushel, May soybeans are down 5 1/4 cents, May KC wheat is up 18 1/4 cents, May Chicago wheat is up 7 cents and MIAX May Minneapolis wheat is up 10 1/2 cents. The Dow Jones Industrial Average is up 303.68 points. The U.S. Dollar Index is down 0.300 and May crude oil is down $7.22 per barrel. June gold is up $94.00 per ounce. Heading into the Tuesday close, soybeans, soymeal and bean oil are all now trading lower, while corn is modestly higher and Kansas City wheat has surged on the ongoing dryness in the western Plains. There is a better hint of needed rain in the extended forecast for dry HRW areas. Crude oil is under heavy pressure on ideas Iran may want to make a deal as peace talks are set to resume.

Posted 10:28 -- May corn is up 3 cents per bushel, May soybeans are up 1 1/4 cents, May KC wheat is up 16 3/4 cents, May Chicago wheat is up 8 1/2 cents and MIAX May Minneapolis wheat is up 1 cent. The Dow Jones Industrial Average is up 317.27 points. The U.S. Dollar Index is down 0.290 and May crude oil is down $5.36 per barrel. June gold is up $57.90 per ounce. Bean oil remains lower as crude oil is nearing $6 per barrel lower. Soybeans and soymeal have also retreated from early strength, while corn and wheat continue to trade higher. Kansas City wheat is up sharply on the expanding drought in the western Plains and the prospect for little relief over the next 10 days.

Posted 08:30 -- May corn is up 2 3/4 cents per bushel, May soybeans are up 3 1/4 cents, May KC wheat is up 4 1/4 cents, May Chicago wheat is up 3/4 cent and MIAX May Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is up 20.46 points. The U.S. Dollar Index is down 0.280 and May crude oil is down $3.38 per barrel. June gold is up $37.40 per ounce. Bean oil futures are sliding with crude oil on the hopes of a second peace discussion between the U.S. and Iran that could happen as early as Thursday. Grain and soy markets are firmer to start. USDA: Private exporters reported the following: 316,000 mt (12.4 mb) of corn to Mexico. Of the total, 65,000 mt (2.6 mb) is for 2025-26, 139,000 mt (5.5 mb) is for 2026-27, and 112,000 mt (4.4 mb) is for 2027-28. Also, 120,000 mt (4.7 mb) of corn to unknown for 2025-26.

Livestock

Posted 11:31 -- June live cattle are up $2.63 at $251.15, May feeder cattle are up $1.90 at $374.725, June lean hogs are down $0.48 at $102.65, May corn is up 3 1/2 cents per bushel and May soybean meal is down $1.10. The Dow Jones Industrial Average is up 295.73 points and the NASDAQ is up 408.84 points. Thanks to additional outside support from the equity markets, now trading higher, both the live cattle and feeder cattle contracts are trading higher into Tuesday's noon hour. Still no cash cattle trade has developed.

Posted 08:35 -- June live cattle are up $2.30 at $250.825, May feeder cattle are up $3.05 at $375.875, June lean hogs are down $0.25 at $102.875, May corn is up 1 3/4 cents per bushel and May soybean meal is up $5.60. The Dow Jones Industrial Average is up 23.73 points and NASDAQ is up 185.93 points. The live cattle complex may have been skeptical of trading too aggressively Monday but the market is trading notably higher today -- seeming to adopt the same bullish attitude as the feeder cattle contracts. No cash cattle trade has developed yet this week.

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