DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is up 10 1/2 cents per bushel, May soybeans are up 19 1/4 cents per bushel. May KC wheat is up 10 3/4 cents per bushel, May Chicago wheat is up 8 3/4 cents per bushel and May Minneapolis wheat is up 8 cents. The Dow Jones Industrial Average is down 523.15 points at 42,483.44. The U.S. Dollar Index is down 0.050 at 104.26. April crude oil is up $0.05 per barrel at $66.36. As we head into the Thursday close, corn and soy futures are surging, while wheat is also firm. There is chatter that some tariff exemptions could be applied to ag products such as corn, and that has resulted in some buying. Also supportive to corn is a very strong internal market on corn in Brazil on diminished supplies. The U.S. Dollar Index is down for the fourth straight day but may have found support at 104.

Posted 10:35 -- May corn is up 12 cents per bushel, May soybeans are up 18 1/4 cents per bushel. May KC wheat is up 11 cents per bushel, May Chicago wheat is up 11 cents per bushel and May Minneapolis wheat is up 7 1/2 cents. The Dow Jones Industrial Average is down 115.89 points at 42,890.70. The U.S. Dollar Index is down 0.360 at 103.94. April crude oil is down $0.50 per barrel at $65.81. Wheat and corn have reversed early weakness and are sharply higher, while soybeans are soaring in a second consecutive day of strength from the recent sell-off. Some vague hints from the administration that ag products might be exempted for another month in some way to recently enacted tariffs were not clear, but traders feel some optimism according to market action. All three markets have been severely oversold and due for a correction.

Posted 08:35 -- May corn is up 3/4 cent per bushel, May soybeans are up 9 cents per bushel. May KC wheat is up 1 1/4 cents per bushel, May Chicago wheat is up 1 1/4 cents per bushel and May Minneapolis wheat is up 2 1/2 cents. The Dow Jones Industrial Average is down 407.73 points at 42,598.86. The U.S. Dollar Index is down 0.330 at 103.98. April crude oil is up $0.34 per barrel at $66.65. USDA: Private exporters reported sales of 20,000 mt of soybean oil for delivery to unknown destinations during the 2024-25 marketing year. The latest soybean oil sale puts the total yearly commitments to 1.816 billion pounds, well ahead of USDA's estimate of 1.6 billion. Corn and wheat are mixed to start with soybeans and soy products firm. Volatility will remain high with any new developments on tariffs likely to influence markets.

Livestock

Posted 11:35 -- April live cattle are down $0.85 at $195.7, April feeder cattle are down $2.03 at $274.05, April lean hogs are up $2.05 at $86.75, May corn is up 11 cents per bushel and May soybean meal is up $6.10. The Dow Jones Industrial Average is down 537.00 points. Bids of $195 to $196 have surfaced in the South and bids of $310 dressed are currently being offered in the North. Packer interest could improve Thursday afternoon and it wouldn't be unlikely to see cattle trade later today.

Posted 08:33 -- April live cattle are down $0.60 at $195.95, April feeder cattle are down $0.65 at $275.425, April lean hogs are down $0.45 at $84.25, May corn is up 1 1/4 cents per bushel and May soybean meal is up $2.90. The Dow Jones Industrial Average is down 388.53 points. Beef net sales of 13,400 mt for 2025 were down 27% from the previous week and 31% from the prior 4-week average. The three primary buyers were South Korea (3,300 mt), Japan (2,900 mt) and China (2,500 mt). Pork net sales of 42,400 mt for 2025 were up 32% from the previous week and 27% from the prior 4-week average. The three largest buyers were Mexico (21,800 mt), China (11,300 mt) and Japan (3,200 mt).

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