DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 14 1/2 cents per bushel, May soybeans are down 17 cents per bushel. May KC wheat is down 13 1/4 cents per bushel, May Chicago wheat is down 9 1/2 cents per bushel and May Minneapolis wheat is down 7 1/4 cents. The Dow Jones Industrial Average is down 406.38 points at 43,434.53. The U.S. Dollar Index is down 1.030 at 106.59. April crude oil is down $1.73 per barrel at $68.03. Ahead of the close, the sellers are still in control with wheat, corn and soybeans plunging in unison. Tariffs, the advancing Brazil soy harvest and corn planting efforts, fund liquidation, and bearish equity and crude oil markets are all weighing on values. Markets are surely oversold, but in a trending market that does not mean as much.

Posted 10:35 -- May corn is down 10 3/4 cents per bushel, May soybeans are down 13 cents per bushel. May KC wheat is down 8 1/2 cents per bushel, May Chicago wheat is down 4 3/4 cents per bushel and May Minneapolis wheat is down 5 cents. The Dow Jones Industrial Average is down 100.45 points at 43,740.46. The U.S. Dollar Index is down 1.130 at 106.48. April crude oil is down $0.40 per barrel at $69.36. The bearish barrage continues early Monday ahead of the apparent Tuesday imposition of the tariffs on Mexico and Canada and the added tax on China imports. That and the bearish South American weather and seeding/harvesting in Brazil have encouraged funds to liquidate corn longs. All of the markets appear to be very oversold at this point.

Posted 08:35 -- May corn is down 5 3/4 cents per bushel, May soybeans are down 8 1/2 cents per bushel. May KC wheat is up 1 1/2 cents per bushel, May Chicago wheat is up 3/4 cent per bushel and May Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is up 112.23 points at 43,953.14. The U.S. Dollar Index is down 0.910 at 106.71. April crude oil is up $0.45 per barrel at $70.21. USDA reported that exporters sold 114,000 mt (4.5 mb) of corn to Mexico for 2024-25. For corn, soybeans and soymeal the bearish train continues while wheat and bean oil are a bit firmer. Each of the markets are getting very oversold, but tariffs and the advancing Brazilian soy harvest and second corn planting is weighing on markets.

Posted 19:07 Sunday -- May corn is up 3 cents and May soybeans are up 4 3/4 cents. May KC wheat is up 6 1/4 cents, May Chicago wheat is down 6 cents and May Minneapolis wheat is up 5 cents. April crude oil is up $0.66 and Dow Jones futures are down 44 points. The U.S. Dollar Index is down 0.34 and April gold is up $30.20. Grain markets enter the new week and new month attempting to find any sort of footing following one of the worst weeks for price action going back several months across the major U.S. row crops. Tariffs will remain front and center this week as the Trump administration's March 4 target date for tariffs against Canada, Mexico and China arrives at long last on Tuesday. Other weekly news will include demand updates on grain crushings Monday, as well as the latest state-level USDA office updates on winter wheat conditions Wednesday, which will be of particular interest to wheat traders following the cold burst experienced in mid-February.

Livestock

Posted 11:46 -- April live cattle are down $0.75 at $191.9, April feeder cattle are down $1.95 at $271.05, April lean hogs are up $0.55 at $84.225, May corn is down 12 1/2 cents per bushel and May soybean meal is down $1.70. The Dow Jones Industrial Average is down 32.22 points. Last week's negotiated cash cattle trade totaled 55,893 head. Of that 97% (54,475 head) were committed to the market's nearby delivery, while the remaining 3% (1,418 head) were committed to the deferred delivery option.

Posted 08:36 -- April live cattle are up $0.05 at $192.7, April feeder cattle are down $1.05 at $271.95, April lean hogs are up $0.75 at $84.425, May corn is down 4 cents per bushel and May soybean meal is down $2.60. The Dow Jones Industrial Average is up 164.35 points. Following last Friday's sharp downturn in the live cattle complex, the market is mixed at Monday's start. It's likely the market could face more downside pressure again this week unless market fundamentals improve.

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