DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:51 -- May corn is down 6 cents per bushel, May soybeans are down 14 3/4 cents, May KC wheat is steady, May Chicago wheat is down 4 3/4 cents and MIAX May Minneapolis wheat is steady. The Dow Jones Industrial Average is down 642.82 points. The U.S. Dollar Index is up 0.250 and May crude oil is up $4.02 per barrel. April gold is up $121.00 per ounce. Heading for the Friday close, markets have turned decidedly weaker, led by soybeans and bean oil. After the EPA released their biofuel policy, the bean oil market, which had significant bullish premium built in advance of the ruling, began to falter. The allowance of full RINs for foreign feedstock and soybean oil was said to be a disappointment to many, although volumes were considered bullish.

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Posted 10:27 -- May corn is down 1 cent per bushel, May soybeans are down 7 1/2 cents, May KC wheat is up 7 3/4 cents, May Chicago wheat is up 2 cents and MIAX May Minneapolis wheat is up 3 1/4 cents. The Dow Jones Industrial Average is down 345.49 points. The U.S. Dollar Index is up 0.030 and May crude oil is up $3.05 per barrel. April gold is up $166.50 per ounce. At midmorning, corn, soybeans and soymeal have given up early gains to trade lower. Wheat and bean oil remain higher, with KC July leading the way on an expansion of drought in the Western and Southern Plains hard winter areas.

Posted 08:31 -- May corn is up 1/2 cent per bushel, May soybeans are down 1/4 cent, May KC wheat is up 4 cents, May Chicago wheat is up 3/4 cent and MIAX May Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is down 324.01 points. The U.S. Dollar Index is up 0.120 and May crude oil is up $2.34 per barrel. April gold is up $36.70 per ounce. USDA: private exporters reported sales of 105,000 metric tons (3.9 mb) of soybeans for delivery to unknown destinations during the 2025/2026 marketing year. Corn and beans are little changed with wheat mostly higher early Friday while bean oil is again sharply higher.

Livestock

Posted 11:43 -- June live cattle are up $3.68 at $238.475, May feeder cattle are up $6.80 at $358.55, June lean hogs are up $1.50 at $105.8, May corn is down 2 1/4 cents per bushel and May soybean meal is down $3.30. The Dow Jones Industrial Average is down 517.87 points and NASDAQ is down 322.70 points. The livestock complex is bullishly charging into Friday's noon hour as the market is finally seeing the fundamental support in which it was longing for. No new cash cattle trade has developed yet but more business will likely surface this afternoon, especially in the South.

Posted 08:38 -- June live cattle are up $0.18 at $234.975, May feeder cattle are down $0.23 at $351.525, June lean hogs are up $1.15 at $105.45, May corn is up 1/4 cent per bushel and May soybean meal is up $0.60. The Dow Jones Industrial Average is down 405.49 points and NASDAQ is down 215.49 points. The livestock complex is off to a mostly stronger start as the live cattle contracts are celebrating the steady tone in the fed cash cattle market and the hog complex is pleased with Thursday's Quarterly Hogs and Pigs report. More cash cattle trade will need to develop throughout Friday but no bids are currently on the table.

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