DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is down 4 3/4 cents and March soybeans are up 2 cents. March KC wheat is down 4 1/2 cents, March Chicago wheat is down 11 1/2 cents, and March MIAX Minneapolis wheat is down 3 1/2 cents. March crude oil is down $0.42 and Dow Jones futures are up 137 points. The U.S. Dollar Index is up 0.23 and April gold is down $138.10. Heading into the final half hour of trade for Tuesday, soybeans are the only major U.S. row crop market holding narrowly to a daily gain, finding support on another stellar month for crush in January with NOPA reporting on Tuesday that its members crushed 221.6 million bushels of soybeans during the month -- a January record. Meanwhile, corn and wheat markets are lower, with a double-digit drop in March Chicago wheat futures following upward revisions to Russia's 2026 production forecast from two separate sources on Friday and Tuesday.

Posted 10:40 -- March corn is down 4 cents and March soybeans are up 4 1/2 cents. March KC wheat is down 4 1/4 cents, March Chicago wheat is down 10 3/4 cents, and March MIAX Minneapolis wheat is down 3 1/2 cents. March crude oil is down $0.60 and Dow Jones futures are up 35 points. The U.S. Dollar Index is up 0.40 and April gold is down $148.10. At midmorning Tuesday, row-crop futures are mixed with soybeans rallying off overnight lows and thus far posting modest gains. Meanwhile, corn and wheat futures are lower with corn futures testing trendline support, which has held through the past month. A firm U.S. dollar and weak energy futures are pressuring grain markets, with crude oil prices lower despite reports early Tuesday that Iran "partially and temporarily" closed the Strait of Hormuz, a major waterway for world oil trade. U.S. and Iran are in the midst of ongoing negotiations Tuesday in Switzerland.

Posted 08:34 -- March corn is down 4 1/2 cents per bushel, March soybeans are down 3 1/2 cents, May KC wheat is down 6 1/4 cents, March Chicago wheat is down 13 1/2 cents and MIAX May Minneapolis wheat is down 3 cents. The Dow Jones Industrial Average is up 71.94 points. The U.S. Dollar Index is up 0.470 and March crude oil is down $0.14 per barrel. April gold is down $135.10 per ounce. All grain and soy markets are leaking lower, led by Chicago wheat. Pressure is coming from favorable weather ahead for the U.S. and South America.

Posted 19:08 Sunday -- March corn is down 1 3/4 cents and March soybeans are down 3 3/4 cents. March KC wheat is down 5 1/2 cents, March Chicago wheat is down 8 1/4 cents, and March MIAX Minneapolis wheat is down 2 1/4 cents. March crude oil is up $0.81 and Dow Jones futures are up 32 points. The U.S. Dollar Index is up 0.22 and April gold is down $91.30. Row-crop futures are lower to begin trade following the long weekend. Soybean futures have traded higher in seven of the past nine sessions, inspired by trade deal optimism ahead of President Trump's planned visit to China in April as well as reports of quality issues in Brazil. However, if the rally is to continue, traders will likely begin to wish to see export sales pick up steam again, having set marketing year lows in the past two weeks. Corn and wheat markets are lower as well, with the latter gapping lower on the open after facing technical resistance after prices traded to the highest since late June for the most active KC contract. The bearish argument to wheat will continue to be hefty world inventories after a record-setting production year in 2025 around the globe.

Livestock

Posted 11:31 -- April live cattle are up $1.85 at $242.475, March feeder cattle are up $3.93 at $370.075, April lean hogs are up $0.95 at $92.225, March corn is down 4 1/4 cents per bushel and March soybean meal is down $2.40. The Dow Jones Industrial Average is down 4.45 points and NASDAQ is down 42.50 points. Last week's negotiated cash cattle trade totaled 59,651 head. Of that 95% (56,657 head) were committed to nearby delivery, while the remaining 5% (2,994 head) were committed to deferred delivery. New showlists appear to be mixed, higher in Nebraska/Colorado, about steady in Kansas, and lower in Texas.

Posted 08:36 -- April live cattle are up $2.68 at $243.3, March feeder cattle are up $3.55 at $369.7, April lean hogs are up $1.08 at $92.35, March corn is down 4 1/4 cents per bushel and March soybean meal is down $2.50. The Dow Jones Industrial Average is up 93.76 points and NASDAQ is down 102.87 points. Fearlessly charging into the new week, the cattle complex is off to an aggressive start as traders are pleased to note how the cash cattle complex traded late last week after Friday's close. New showlists appear to be mixed, higher in Nebraska/Colorado, about steady in Kansas, and lower in Texas.

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