DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 4 3/4 cents per bushel, January soybeans are up 6 1/2 cents per bushel. March KC wheat is up 9 1/2 cents per bushel, March Chicago wheat is up 9 3/4 cents per bushel and March Minneapolis wheat is up 8 1/4 cents. The Dow Jones Industrial Average is down 122.39 points at 44,891.65. The U.S. Dollar Index is down 0.400 at 105.92. January crude oil is up $0.06 per barrel at $68.60. Another good week of export sales with year-over-year changes for corn up 33%, soybeans up 12%, and wheat up 19% has given markets a boost. Soybean oil is reacting to the fact that currently export sales only two months in are up 60% above the USDA yearly estimate. Weather continues to be nonthreatening in South America.

Posted 10:35 -- March corn is up 4 cents per bushel, January soybeans are up 7 3/4 cents per bushel. March KC wheat is up 9 1/2 cents per bushel, March Chicago wheat is up 7 cents per bushel and March Minneapolis wheat is up 8 1/2 cents. The Dow Jones Industrial Average is down 107.00 points at 44,907.04. The U.S. Dollar Index is down 0.470 at 105.85. January crude oil is down $0.26 per barrel at $68.28. At mid-morning, grain and soy markets, with the lone exception being soymeal, are very firm, led by KC wheat and soybeans. The U.S. Dollar Index has fallen hard, no doubt giving U.S. export potential a boost.

Posted 08:43 -- March corn is up 1/2 cent per bushel, January soybeans are up 5 3/4 cents per bushel. March KC wheat is up 4 1/2 cents per bushel, March Chicago wheat is up 3 cents per bushel and March Minneapolis wheat is up 5 1/2 cents. The Dow Jones Industrial Average is down 38.22 points at 44,975.82. The U.S. Dollar Index is down 0.520 at 105.80. January crude oil is up $0.41 per barrel at $68.95. Corn is little changed while soybeans, soybean oil and wheat are higher in very quiet trade.

Livestock

Posted 11:45 -- February live cattle are down $1.88 at $186.45, January feeder cattle are down $2.00 at $254.95, February lean hogs are up $0.25 at $86.6, March corn is up 4 1/4 cents per bushel and January soybean meal is down $0.80. The Dow Jones Industrial Average is down 157.21 points. Bids of $190 live and $297 dressed have surfaced, but still no cash cattle trade has developed. Trade could begin to develop later Thursday afternoon or it could easily be delayed until Friday.

Posted 08:37 -- February live cattle are down $0.18 at $188.15, January feeder cattle are up $0.18 at $257.125, February lean hogs are up $0.38 at $86.725, March corn is up 1/4 cent per bushel and January soybean meal is down $0.50. The Dow Jones Industrial Average is down 58.36 points. Beef net sales of 100 metric tons (mt) for 2024 -- a marketing year low -- were down 97% from the previous week and 99% from the prior 4-week average. The three primary buyers were Japan (1,700 mt), Canada (700 mt) and China (600 mt). Pork net sales of 35,200 mt for 2024 were up noticeably from the previous week and from the prior 4-week average. The three primary buyers were Mexico (15,400 mt), South Korea (9,100 mt) and China (3,400 mt).

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