DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- May corn is up 2 cents per bushel, May soybeans are down 11 1/4 cents per bushel. May KC wheat is up 14 cents per bushel, May Chicago wheat is up 10 1/4 cents per bushel and May Minneapolis wheat is up 10 1/4 cents. The Dow Jones Industrial Average is down 747.94 points at 42,053.78. The U.S. Dollar Index is up 0.020 at 103.86. April crude oil is down $0.99 per barrel at $66.05. At midday, nearby corn remains strong while new crop is under pressure in quiet trade. Soybeans and soy products have hit the skids with bean oil leading the way down. The weekend decision by China to tax canola meal and oil imports from Canada at 100% resulted in a gap down and sharp fall in canola futures, pressuring soybean oil. Wheat futures have been strong all day on the bearish dollar trend and a warm and dry forecast the next two weeks for Plains wheat.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
Posted 10:35 -- May corn is up 2 1/2 cents per bushel, May soybeans are down 7 3/4 cents per bushel. May KC wheat is up 15 3/4 cents per bushel, May Chicago wheat is up 11 1/4 cents per bushel and May Minneapolis wheat is up 11 1/4 cents. The Dow Jones Industrial Average is down 309.65 points at 42,492.07. The U.S. Dollar Index is up 0.050 at 103.89. April crude oil is down $0.31 per barrel at $66.73. At mid-morning, wheat is surging on the falling U.S. Dollar and on extended dryness in the Plains and in southern Russia. Soybeans are being pressured by bean oil -- down hard in sympathy with the sharp fall in the canola futures market following China's decision to set a 100% tariff on Canadian canola. Corn is mixed to slightly firmer in quiet trade.
Posted 08:40 -- May corn is up 2 3/4 cents and May soybeans are down 3 1/4 cents. May KC wheat is up 12 3/4 cents, May Chicago wheat is up 12 3/4 cents, and May Minneapolis wheat is up 8 3/4 cents. April crude oil is unchanged and Dow Jones futures are down 399 points. The U.S. Dollar Index is down 0.11 and April gold is down $4.20. Corn and wheat markets are higher with the latter surging on weakness in the U.S. Dollar as well as a dry weather outlook as the winter wheat crop exits dormancy in the U.S.
Posted 19:08 Sunday -- May corn is up 2 3/4 cents and May soybeans are up 4 3/4 cents on Sunday evening in the markets. May KC wheat is up 7 1/2 cents, May Chicago wheat is up 8 cents, and May Minneapolis wheat is up 6 1/4 cents. April crude oil is down $0.50 and Dow Jones futures are down 264 points. The U.S. Dollar Index is down 0.16 and April gold is up $9.60. Grains are firm out of the gate to begin the new week. Last week featured cooling in trade war fears following the Trump Administrations second one-month delay on tariffs for goods covered by the USMCA agreement, which allowed corn and soybean markets to recover early week losses and finish more or less even for the week. Bullish traders enter this week attempting to build off that momentum. The market will also shift focus back to grain fundamentals with the March World Agricultural Supply and Demand Estimates report due out Tuesday in which the USDA will update the market with U.S. demand, as well as South American production estimates.
LivestockPosted 11:45 -- April live cattle are up $0.48 at $200.75, April feeder cattle are up $0.10 at $278.25, April lean hogs are up $0.35 at $87.7, May corn is up 2 1/2 cents per bushel and May soybean meal is down $1.00. The Dow Jones Industrial Average is down 538.83 points. Last week's negotiated cash cattle trade totaled 74,437 head. Of that 91% (67,915 head) were committed to the nearby delivery while the remaining 9% (6,522 head) were committed to the deferred delivery option).
Posted 08:37 -- April live cattle are up $0.38 at $200.65, April feeder cattle are down $0.23 at $277.925, April lean hogs are up $0.43 at $87.775, May corn is up 2 1/2 cents per bushel and May soybean meal is up $2.30. The Dow Jones Industrial Average is down 448.91 points. The livestock complex is trading mixed at Monday's start as traders yearn to see what support is going to develop fundamentally this week. Last week's strong cash cattle trade helped propel the cattle complex late in the week -- but traders won't just assume that cash prices will be higher again this week as packers continue to battle red margins.
(c) Copyright 2025 DTN, LLC. All rights reserved.
