DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- May corn is down 4 3/4 cents per bushel, May soybeans are down 4 1/2 cents, May KC wheat is down 23 1/2 cents, May Chicago wheat is down 22 1/4 cents and MIAX July Minneapolis wheat is down 17 cents. The Dow Jones Industrial Average is up 411.15 points. The U.S. Dollar Index is down 0.520 and May crude oil is down $2.49 per barrel. June gold is up $132.00 per ounce. At midday, corn has bounced a nickel above the lows, soymeal has traded higher and soybeans are trading 13 cents above the low. Wheat pressure is expanding as the extended forecast has added rain chances for the arid western and Southern Plains hard winter fields. Wednesday night's speech by President Trump will likely hold a clue to ag markets on both the evening and early Thursday trade.

Posted 10:37 -- May corn is down 8 3/4 cents per bushel, May soybeans are down 14 cents, May KC wheat is down 23 3/4 cents, May Chicago wheat is down 20 1/2 cents and MIAX July Minneapolis wheat is down 16 1/2 cents. The Dow Jones Industrial Average is up 459.86 points. The U.S. Dollar Index is down 0.530 and May crude oil is down $1.80 per barrel. June gold is up $131.30 per ounce. At midmorning grain and soy markets continue to trade sharply lower with bean oil and wheat expanding losses. There is really no other news except for the rhetoric about a possible end to the Iran conflict. However, plenty of war premium has been built into ag prices and we are seeing some liquidation of that.

Posted 08:30 -- May corn is down 5 cents per bushel, May soybeans are down 9 3/4 cents, May KC wheat is down 13 1/4 cents, May Chicago wheat is down 11 1/4 cents and MIAX July Minneapolis wheat is down 7 3/4 cents. The Dow Jones Industrial Average is up 307.23 points. The U.S. Dollar Index is down 0.530 and May crude oil is down $1.22 per barrel. June gold is up $82.80 per ounce. Along with speculation that the Iran conflict could end soon, grain and soy markets are under pressure early Wednesday. Later in the evening, President Trump is slated to give a speech to the American people with an update on the war efforts. Wednesday night is likely to have some volatile trade in response.

Livestock

Posted 11:35 -- June live cattle are up $1.03 at $244.3, May feeder cattle are up $2.65 at $369.125, June lean hogs are down $0.25 at $104.8, May corn is down 6 cents per bushel and May soybean meal is down $0.20. The Dow Jones Industrial Average is up 369.69 points. Cattle country remains very quiet at midday, with bids and asking prices still not fully established. Beef cutouts are lower at midday (choice 394.80 -0.69, select 392.63 -0.30) with light to moderate box movement (59 lds of choice cuts, 06 lds of select cuts, 00 lds of trim, and 09 lds of ground), with a choice/select spread of 2.17. Wednesday's projected cattle slaughter is 110,000. Pork cutouts at midday are 97.00, +0.75, with 130.36 total loads. Wednesday's project hog slaughter is 494,000.

Posted 08:38 -- June live cattle are up $0.20 at $243.475, May feeder cattle are up $0.28 at $366.75, June lean hogs are up $0.50 at $105.55, May corn is down 5 1/4 cents per bushel and May soybean meal is down $0.00. The Dow Jones Industrial Average is up 367.25 points. All remains quiet in cattle feeding country Wednesday morning with bids and asking prices still not fully established. It is looking like significant trade volume will likely be delayed until sometime Thursday or possibly Friday. The CME Feeder Index for March 30, 2026, was $0.81 higher at $365.93; the projected CME Lean Hog Index for March 30, 2026, was down $0.28, at $90.48.

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