DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 3 3/4 cents per bushel, May soybeans are down 9 cents per bushel. May KC wheat is down 11 1/2 cents per bushel, May Chicago wheat is down 9 3/4 cents per bushel and May Minneapolis wheat is down 11 1/2 cents. The Dow Jones Industrial Average is up 62.21 points at 39,375.85 and the U.S. Dollar Index is up 0.060 at 104.29 and May crude oil is down $0.12 per barrel at $81.83. Red is a popular color on Tuesday with all grain, soy and cattle markets leaking lower. Even though Russian wheat values have crept higher in the past few weeks and some vessels remain stranded at port, Russia is still the world's best option for wheat imports, with FOB values at $205-$206/mt. Weather in Brazil is mostly favorable except in the south where warmth and dryness continues. Argentina is also dry and that should accelerate early harvest efforts.

Posted 10:36 -- May corn is down 1 cent per bushel, May soybeans are down 7 3/4 cents per bushel. May KC wheat is down 9 1/2 cents per bushel, May Chicago wheat is down 9 1/2 cents per bushel and May Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is up 92.64 points at 39,406.28. The U.S. Dollar Index is down 0.030 at 104.21 and May crude oil is down $0.20 per barrel at $81.75. Grain and soy markets continue to trade lower in quiet trade, with corn and soymeal trading just slightly down and KC wheat taking the brunt of the selling. Look for markets to remain volatile ahead of Thursday's March stocks and seeding reports.

Posted 08:36 -- May corn is down 1/2 cent per bushel, May soybeans are down 8 cents per bushel. May KC wheat is down 7 3/4 cents per bushel, May Chicago wheat is down 2 3/4 cents per bushel and May Minneapolis wheat is down 5 1/4 cents. The Dow Jones Industrial Average is up 47.88 points at 39,361.52. The U.S. Dollar Index is down 0.110 at 104.13 and May crude oil is up $0.10 per barrel at $82.05. Grain and soy markets continue to trade lower with May soybeans and KC wheat leading the way down. Trade news is quiet, but a storm system moving across the Plains, Midwest and Northern Plains is providing much-needed moisture ahead of planting.

Livestock

Posted 11:46 -- June live cattle are down $2.63 at $178.975, May feeder cattle are down $5.43 at $247.2, June lean hogs are up $0.73 at $102.4, May corn is down 1 3/4 cents per bushel and May soybean meal is down $1.20. The Dow Jones Industrial Average is up 99.56 points. The cattle complex is continuing to trade lower as nervousness has sent the contracts spiraling lower. The lean hog complex, however, continues to trade higher in hopes of a supportive Quarterly Hogs and Pigs report on Thursday.

Posted 08:34 -- June live cattle are up $0.03 at $181.625, May feeder cattle are down $0.53 at $252.1, June lean hogs are up $0.50 at $102.175, May corn is down 3/4 cent per bushel and May soybean meal is down $2.70. The Dow Jones Industrial Average is up 43.74 points. As Tuesday begins, the cattle contracts are again trading lower as the market is uneasy regarding the bird flu that's spread in dairy cattle in Texas and Kansas. Meanwhile the lean hog complex is continuing to trade higher as the market is anxious to receive Thursday's Quarterly Hogs and Pigs report.

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