DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- December corn is up 7 3/4 cents per bushel, November soybeans are up 28 1/4 cents, December KC wheat is up 14 3/4 cents, December Chicago wheat is up 15 cents and MIAX December Minneapolis wheat is up 0.0600 cents. The Dow Jones Industrial Average is up 226.70 points. The U.S. Dollar Index is down 0.070 and December crude oil is down $0.11 per barrel. December gold is down $120.00 per ounce. Heading into the Monday close corn, wheat and soybeans have all extended their overnight gains. Euphoria over the report of four new trade deals along with some positive developments from the U.S.-China trade talks are reasons for the strength. It remains to be seen if China will step up to buy U.S. ag products soon.

Posted 10:35 -- December corn is up 5 1/4 cents and November soybeans are up 27 1/4 cents. December KC wheat is up 13 3/4 cents, December Chicago wheat is up 15 1/2 cents, and December MIAX Minneapolis wheat is up 6 3/4 cents. December crude oil is up $0.27 and Dow Jones futures are up 226 points. The U.S. Dollar Index is down 0.07 and December gold is down $137.40. At midmorning Monday row-crop futures remain steeply higher with the soybean market leading the way on anticipation of a trade deal with China being reached when President Trump and President Xi meet later this week. January futures as a result have traded to their highest point of the 2025 calendar year thus far Monday morning. Corn futures in the meanwhile are higher but faded from technical resistance just below the September highs which sit just above $4.30.

Posted 08:32 -- December corn is up 6 cents per bushel, November soybeans are up 21 cents, December KC wheat is up 13 3/4 cents, December Chicago wheat is up 15 cents and MIAX December Minneapolis wheat is up 0.0825 cents. The Dow Jones Industrial Average is up 229.37 points. The U.S. Dollar Index is down 0.100 and December crude oil is down $0.04 per barrel. December gold is down $95.80 per ounce. Grain and soy markets are sharply higher with soybeans, wheat and soymeal all gapping higher Sunday night. Trade deals with four nations were agreed to over the weekend, and the much-awaited meeting between President Trump and President Xi of China happens this week with much optimism ahead of the meeting.

Posted 19:05 Sunday -- December corn is up 3 1/4 cents and November soybeans are up 12 cents. December KC wheat is up 5 3/4 cents, December Chicago wheat is up 5 3/4 cents, and December MIAX Minneapolis wheat is up 3 cents. December crude oil is up $0.40 and Dow Jones futures are up 252 points. The U.S. Dollar Index is unchanged and December gold is down $61.50. Row crop markets are sharply higher to begin the new week following a productive weekend for U.S. trade negotiations as President Trump has reportedly signed deals with Malaysia, Cambodia, Thailand, and Vietnam to secure supply to minerals while widening those markets to U.S. exports of Ag commodities such as soybeans, soybean meal, and ethanol. Also this weekend, U.S. trade representatives have reported being "close" to a trade deal with pending approval of Presidents Trump and Xi when they meet later this week. The meeting between the two leaders will undoubtedly be the most impactful story to prices for this week.

Livestock

Posted 11:42 -- December live cattle are down $9.90 at $224.025, January feeder cattle are down $13.75 at $334.425, December lean hogs are down $0.30 at $81.6, December corn is up 7 1/4 cents per bushel and December soybean meal is up $5.10. The Dow Jones Industrial Average is up 240.74 points and NASDAQ is up 376.93 points. It's been a brutally painful morning already for the cattle complex as both live and feeder cattle contracts have already hit their expanded limits. What seems to be prompting the chaos today is the sheer fact that traders are concerned more negative news could develop which is why traders are all but wiping their hands of the cattle complex today.

Posted 08:40 -- December live cattle are down $2.40 at $231.525, January feeder cattle are down $11.38 at $336.8, December lean hogs are up $0.23 at $82.125, December corn is up 6 1/4 cents per bushel and December soybean meal is up $3.00. The Dow Jones Industrial Average is up 245.81 points and NASDAQ is up 329.87 points. The cattle complex is off to another rough start as the feeder cattle contracts are trading into their expanded limit range after closing limit lower on Friday. More than anything, the market remains on edge waiting to see how the meeting with Mexico and U.S. went as everyone is concerned about whether or not the border will remain closed.

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