DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- May corn is up 5 cents per bushel, May soybeans are up 12 1/2 cents per bushel. May KC wheat is up 7 1/2 cents per bushel, May Chicago wheat is up 11 1/2 cents per bushel and May Minneapolis wheat is up 8 1/4 cents. The Dow Jones Industrial Average is up 177.74 points at 42,698.73. The U.S. Dollar Index is down 1.250 at 104.49. April crude oil is down $2.17 per barrel at $66.09. As we head into the close, grain and soy markets appear to be headed for solid gains, led by soybeans and wheat. Bean oil has joined in on the correction and appears to be headed for a higher finish for the first time in 9 days. There are rumors floating around that an announcement regarding tariffs could be forthcoming later Wednesday with respect to Canada and Mexico. Ethanol production last week jumped to 1.093 million barrels per day as margins have improved.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
Posted 10:35 -- May corn is up 3 1/2 cents per bushel, May soybeans are up 12 1/4 cents per bushel. May KC wheat is up 8 3/4 cents per bushel, May Chicago wheat is up 11 3/4 cents per bushel and May Minneapolis wheat is up 8 1/2 cents. The Dow Jones Industrial Average is down 21.16 points at 42,499.83. The U.S. Dollar Index is down 1.220 at 104.52. April crude oil is down $2.97 per barrel at $65.29. Soybeans, soymeal and wheat are taking off to the upside, while corn is moderately firm and soybean oil is lower. A bit more optimism that some sort of compromise can occur between the U.S. and Mexico and Canada, plus an oversold condition is fueling the correction after the recent 7 to 8 day plunge in ag prices.
Posted 08:37 -- May corn is up 4 1/4 cents per bushel, May soybeans are up 2 1/4 cents per bushel. May KC wheat is up 9 cents per bushel, May Chicago wheat is up 10 1/4 cents per bushel and May Minneapolis wheat is up 6 1/4 cents. The Dow Jones Industrial Average is up 32.35 points at 42,553.34. The U.S. Dollar Index is down 1.180 at 104.56. April crude oil is down $1.80 per barrel at $66.46. Grain and soy markets, except for bean oil are modestly higher to begin, pausing a week-long selling spree. There was a hint from the Trump administration of possible compromises with both Canada and Mexico on the tariff front. We'll have to wait and see. All three markets have reached very oversold levels with both U.S. corn and wheat FOB values becoming more competitive.
LivestockPosted 11:35 -- April live cattle are up $0.53 at $195.175, April feeder cattle are up $1.95 at $274.45, April lean hogs are up $2.28 at $84.625, May corn is up 4 cents per bushel and May soybean meal is up $5.60. The Dow Jones Industrial Average is up 224.84 points. Still no cash cattle trade has developed, and it's looking like the bulk of this week's trade will be delayed until Thursday or Friday. Asking prices are noted in the South at $198-plus but are still not established in the North.
Posted 08:35 -- April live cattle are up $0.10 at $194.75, April feeder cattle are up $0.90 at $273.4, April lean hogs are up $1.95 at $84.3, May corn is up 5 cents per bushel and May soybean meal is up $5.50. The Dow Jones Industrial Average is up 13.44 points. Following Tuesday's pressure, the livestock complex is back to trading higher as traders seem somewhat more confident at Wednesday's start following Tuesday's trade war pressure. No cash cattle trade has developed yet but packer interest could improve throughout the day.
(c) Copyright 2025 DTN, LLC. All rights reserved.
