DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

Illustration by Nick Scalise

Grains

Posted 10:38 -- May corn is up 1 1/2 cents per bushel, May soybeans are up 3 3/4 cents, May KC wheat is down 6 1/2 cents, May Chicago wheat is down 5 cents and May Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is down 56.49 points and May crude oil is down $0.83 per barrel. The U.S. dollar index is up 0.090 and June gold is down $4.30 per ounce. Hard wheat futures markets continue to be under pressure as Russian consultancy SovEcon raised Russian wheat production for 2019 to 83.4 mmt, up 3.4 mmt. Export inspections on corn, beans and wheat were all below the weekly amount required and remain a bearish input for U.S. exports.

Posted 08:38 -- May corn is up 2 cents per bushel, May soybeans are up 3 cents, May KC wheat is down 4 cents, May Chicago wheat is down 3 1/2 cents and May Minneapolis wheat is up 4 1/4 cents. The Dow Jones Industrial Average is up 5.29 points and May crude oil is down $0.41 per barrel. The U.S. dollar index is unchanged and June gold is down $8.90 per ounce. The USDA reported that 140,000 mt (5.1 million bushels) of U.S. soybeans were sold to unknown for 2018-19.

Posted 4/14 at 19:04 -- On Sunday evening, May corn is up 1/4 cent, May soybeans are up 1/4 cent and May KC wheat is down 1 1/4 cents. Rain fell from eastern Texas to the northeastern U.S. over the weekend and was especially heavy along the Mississippi Delta. Snow is currently falling from northern Illinois to Michigan. This week's forecast looks wet for the eastern half of the U.S. through Thursday. Outside markets are mostly quiet. Dow Jones futures are up 11 points, June gold is down $2.20 and May crude oil is down 23 cents.

Livestock

OMAHA (DTN) -- April live cattle are down $0.33 at $126.225, April feeder cattle are up $0.25 at $145.675, May lean hogs are up $0.15 at $89.75, May corn is up 1 1/2 cents per bushel and May soybean meal is up $3.10. The Dow Jones Industrial Average is down 65.73 points and Nasdaq is down 32.88 points. Limited movement is seen in livestock trade with all nearby futures holding narrow moves. Deferred lean hog futures are posting strong triple-digit gains, although limited volume in these contract months will likely limit the support to the rest of the complex.

Posted 11:11 -- April live cattle are down $0.40 at $126.15, April feeder cattle are up $0.03 at $145.45, May lean hogs are up $0.58 at $90.175, May corn is up 1 1/4 cents per bushel and May soybean meal is up $2.80. The Dow Jones Industrial Average is down 78.18 points and Nasdaq is down 33.50 points. Light buyer interest is slowly developing in lean hog trade with gains 40 to 50 cents in nearby trade. The overall lack of resistance is sparking some support in deferred contracts as prices are $1 to $2 higher. Cattle futures are stable with mixed prices as limited direction is seen.

Posted 09:29 -- April live cattle are down $0.18 at $126.375, April feeder cattle are up $0.03 at $145.45, May lean hogs are up $0.25 at $89.85, May corn is up 2 1/2 cents per bushel and May soybean meal is up $3.10. The Dow Jones Industrial Average is down 57.80 points and Nasdaq is down 21.31 points. Livestock futures remain quiet early Monday with narrowly mixed trade in all markets. The lack of activity is keeping direction limited as traders focus on wide outside shifts and potential cash direction later in the week.

(BE)