DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 08:30 -- May corn is down 1 3/4 cents per bushel, May soybeans are up 4 1/2 cents, May KC wheat is down 8 1/4 cents, May Chicago wheat is down 4 3/4 cents and MIAX May Minneapolis wheat is down 4 cents. The Dow Jones Industrial Average is up 390.17 points. The U.S. Dollar Index is up 0.190 and May crude oil is up $1.93 per barrel. April gold is up $75.90 per ounce. USDA: private exporters reported sales of 145,000 mt (5.7 million bushels) of corn to unknown destinations for 2025/2026. Equities are rising on comments from President Trump that an end to the Iran War could be close at hand. This conflicts with other news sources. Soybeans and bean oil are firm while corn, soymeal and wheat are all lower.

Posted 19:09 Sunday -- May corn is up 2 3/4 cents and May soybeans are up 5 3/4 cents. May KC wheat is up 5 1/2 cents, May Chicago wheat is up 4 3/4 cents, and May MIAX Minneapolis wheat is down 1/4 cents. May crude oil is up $3.30 and Dow Jones futures are down 303 points. The U.S. Dollar Index is up 0.13 and April gold is down $55.70. Row-crop futures are steady to moderately higher on the open Sunday evening. To start the week, all eyes will again be on the energy sector as the war in the Middle East enters its second month. After a risk-off session to begin last week, WTI crude oil futures rose to their highest close of the war thus far on Friday and are back over $100 per barrel. Traders will at least briefly shift focus to grain fundamentals on Tuesday with the release of USDA's Prospective Plantings and Grain Stocks reports, with the latter expected to show very comfortable U.S. grain reserves, especially for corn. Producer planting intentions will also shed light on the severity of fertilizer costs and influences on producer field level decisions this spring.

Livestock

Posted 08:39 -- June live cattle are up $0.43 at $239.2, May feeder cattle are up $0.48 at $360.3, June lean hogs are up $0.33 at $106.45, May corn is down 2 3/4 cents per bushel and May soybean meal is down $2.10. The Dow Jones Industrial Average is up 319.21 points and NASDAQ is up 117.57 points. The livestock complex is off to a stronger start at Monday's open as the market is pleased with the fundamental support that surfaced late last week. Last week, Southern live cattle traded at mostly $233 to $235, which is steady to $1.00 lower than the previous week's weighted average and Northern dressed cattle traded at mostly $372, which is fully steady with the previous week's weighted average.

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