DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 4 cents per bushel, March soybeans are down 6 1/4 cents per bushel. March KC wheat is down 4 cents per bushel, March Chicago wheat is down 1/2 cent per bushel and March Minneapolis wheat is down 3/4 cent. The Dow Jones Industrial Average is up 709.90 points at 43,228.18. The U.S. Dollar Index is down 0.160 at 109.11. February crude oil is up $2.21 per barrel at $79.71. Ahead of the close, soybeans and soymeal have given up early gains to trade lower while soybean oil has been down for most of the day. The weakness in soy comes despite the record-large soy crush in the December NOPA report at 206.6 million bushels, with soybean oil stocks rising 152 million pounds compared to November. March corn remains firm but continues to have strong resistance at $4.80. Wheat is mixed to mostly lower in quiet trade.

Posted 10:35 -- March corn is up 3 3/4 cents and March soybeans are up 3/4 cents. March KC wheat is down 4 1/4 cents and March Minneapolis wheat is down 2 cents. February crude oil is up $2.00 and Dow Jones futures are up 593 points. The U.S. Dollar Index is down 0.12 and February gold is up $22.80. Markets are mixed at midmorning as soybeans have reversed off lows and are now slightly higher, while corn futures struggle against resistance near $4.80. Ethanol production for the week ended Jan. 10 averaged 1,095 thousand barrels per day, down slightly from the prior week as there is concern currently over plant margins although it's also not uncommon to see production dip seasonally in the early months of the calendar year. Wheat markets are sluggish so far Wednesday, lacking the fundamental drivers corn and soybeans currently have, although prices remain near medium-term support as well.

Posted 08:35 -- March corn is up 3 3/4 cents per bushel, March soybeans are up 6 1/4 cents per bushel. March KC wheat is up 1/2 cent per bushel, March Chicago wheat is up 3 1/4 cents per bushel and March Minneapolis wheat is up 3 1/4 cents. The Dow Jones Industrial Average is up 567.30 points at 43,085.58. The U.S. Dollar Index is down 0.620 at 108.65. February crude oil is up $0.97 per barrel at $78.47. Grain and soy markets are bouncing back after the mini-correction Tuesday, helped by the falling U.S. dollar after the Core CPI came in lower than expected. Soybeans and corn are leading the way as Argentine weather continues to be a concern.

Livestock

Posted 11:35 -- February live cattle are up $0.70 at $198.1, March feeder cattle are up $1.25 at $269.45, February lean hogs are down $0.48 at $83.15, March corn is up 3 3/4 cents per bushel and March soybean meal is down $3.40. The Dow Jones Industrial Average is up 640.24 points. Some light cash cattle trade has been noted in Kansas at $201 which is mostly steady with last week's weighted average. Asking prices remain firm in the South at $202 to $205, but are still not established for the North. Packer interest should improve throughout the day.

Posted 08:35 -- February live cattle are up $0.65 at $198.05, March feeder cattle are up $0.90 at $269.1, February lean hogs are down $0.23 at $83.4, March corn is up 4 1/2 cents per bushel and March soybean meal is up $2.20. The Dow Jones Industrial Average is up 637.84 points. Still no bids have developed in the cash cattle market, but asking prices should surface at some point today. Thankfully with the live cattle complex again trading higher, feedlot managers will likely keep their eye on the goal of higher prices again this week.

(c) Copyright 2025 DTN, LLC. All rights reserved.