DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)

OMAHA (DTN) -- After the Sunday evening open, crop prices are starting mostly lower. May corn is down 2 cents and May soybeans are down 1 1/2 cents. U.S. temperatures will be generally warmer this week with the heaviest precipitation expected in the southeastern Midwest on Wednesday and Thursday.

May KC wheat is down 7 3/4 cents and May Minneapolis wheat is down 8 3/4 cents. According to AP, the United Nations and Turkey both reported the Black Sea grain deal is being extended, but neither would say for how long. Outside markets are tame so far after several media sources reported UBS is buying Credit Suisse for roughly $3.2 billion. April crude oil is up $0.27 and Dow Jones futures are up 192 points. The U.S. Dollar Index is up 0.10 and April gold is up $7.50.