DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 1 cent per bushel, March soybeans are down 2 1/2 cents, March KC wheat is down 10 1/2 cents, March Chicago wheat is down 3 3/4 cents and MIAX May Minneapolis wheat is down 6 cents. The Dow Jones Industrial Average is up 215.70 points. The U.S. Dollar Index is down 0.070 and March crude oil is up $0.21 per barrel. April gold is up $104.60 per ounce. Heading into the Friday close and ahead of the long weekend with Presidents Day Monday, corn is still in the green and soybeans have rallied 12 cents above the low. Wheat is falling on rain headed to the Plains, India's increased export quotas and another bump in Russian wheat production. Volume on wheat is said to be record large the past two days. Equities have rallied on lower inflation numbers.

Posted 10:37 -- March corn is steady, March soybeans are down 7 3/4 cents, March KC wheat is down 11 1/4 cents, March Chicago wheat is down 5 3/4 cents and MIAX May Minneapolis wheat is down 3 3/4 cents. The Dow Jones Industrial Average is up 149.82 points. The U.S. Dollar Index is down 0.020 and March crude oil is up $0.02 per barrel. April gold is up $92.90 per ounce. At midmorning only corn has climbed back above unchanged while wheat and soybeans are down hard.

Posted 08:32 -- March corn is down 1/4 cent per bushel, March soybeans are down 5 3/4 cents, March KC wheat is down 5 1/2 cents, March Chicago wheat is down 3 1/2 cents and MIAX May Minneapolis wheat is down 0.0350 cents. The Dow Jones Industrial Average is down 1.76 points. The U.S. Dollar Index is down 0.030 and March crude oil is down $0.11 per barrel. April gold is up $75.80 per ounce. Grain and soy markets are just moderately lower in a correction from Thursday's solid gains to end the week. There is little other grain-related news. The inflation number came in lower than expected on the CPI at 2.4%, resulting in only a modest bounce in equities following Thursday's drubbing.

Livestock

Posted 11:52 -- April live cattle are down $0.15 at $240.5, March feeder cattle are up $0.70 at $366.425, April lean hogs are down $0.38 at $91.45, March corn is up 3/4 cent per bushel and March soybean meal is down $0.40. The Dow Jones Industrial Average is up 234.40 points and NASDAQ is up 109.15 points. Futures traders expect cash trade to be higher today when it starts. Asking prices are noted at $245 to $247 in Texas, but no other developments have surfaced yet. A single bid is on the table at $238 in Nebraska, but packer interest should improve at any moment.

Posted 08:37 -- April live cattle are up $0.63 at $241.275, March feeder cattle are up $0.63 at $366.35, April lean hogs are up $0.10 at $91.925, March corn is down 1/2 cent per bushel and March soybean meal is down $0.60. The Dow Jones Industrial Average is down 55.51 points and NASDAQ is up 6.15 points. In hoping that the fed cash cattle market will indeed trade higher today -- the cattle contracts are again trading higher at the day's start. Asking prices are noted at $245 to $247 in Texas, but no other developments have surfaced yet.

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