DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- May corn is up 5 1/4 cents per bushel, May soybeans are up 10 3/4 cents per bushel. May KC wheat is up 13 1/2 cents per bushel, May Chicago wheat is up 7 1/2 cents per bushel and May Minneapolis wheat is up 10 cents. The Dow Jones Industrial Average is down 659.48 points at 40,691.45. The U.S. Dollar Index is up 0.160 at 103.78. April crude oil is down $1.15 per barrel at $66.53. At midday, the equities markets are again falling with the Dow off over 600 points. Grain and soy markets are continuing to hold strength, with wheat, soybeans and soymeal leading the way higher. Rumors have China possibly buying summer corn from Brazil. Hints from Russia indicate a willingness to abide by a ceasefire on the war, but presidents Trump and Putin have not met to discuss the same. The stocks market is and has been under heavy pressure on the uncertainty of the tariff situation going forward and talk of a recession.

Posted 10:35 -- May corn is up 6 3/4 cents per bushel, May soybeans are up 12 cents per bushel. May KC wheat is up 15 1/4 cents per bushel, May Chicago wheat is up 9 cents per bushel and May Minneapolis wheat is up 11 cents. The Dow Jones Industrial Average is down 321.55 points at 41,029.38. The U.S. Dollar Index is up 0.170 at 103.78. April crude oil is down $0.68 per barrel at $67.00. At midmorning the energy and equities markets have renewed their move to the downside. Grain and soybeans remain very firm, especially soybeans and soymeal along with wheat. The advancing corn harvest in Argentina and soy harvest in Brazil will likely pressure markets at some point.

Posted 08:35 -- May corn is up 3 1/4 cents per bushel, May soybeans are up 10 3/4 cents per bushel. May KC wheat is up 8 1/2 cents per bushel, May Chicago wheat is up 5 3/4 cents per bushel and May Minneapolis wheat is up 6 cents. The Dow Jones Industrial Average is down 150.24 points at 41,200.69. The U.S. Dollar Index is up 0.360 at 103.98. April crude oil is down $0.70 per barrel at $66.98. Grain and soy markets are very firm to begin Thursday morning. Strong wheat export sales are bolstering that market as well as the continued warm and dry weather in key wheat growing areas. The Producer Price Index showed inflation cooling, but it seems that more tariff threats are weighing on markets again.

Livestock

Posted 11:44 -- April live cattle are up $2.08 at $203.475, April feeder cattle are up $0.88 at $281.6, April lean hogs are down $0.10 at $86.4, May corn is up 6 3/4 cents per bushel and May soybean meal is up $7.70. The Dow Jones Industrial Average is down 356.60 points. Still no cash cattle trade has developed and with feedlot managers hoping the market will be able to trade higher again this week, it's likely trade is delayed another day until Friday. Asking prices are noted in the South at $202 to $204, but are still not established in the North.

Posted 08:37 -- April live cattle are up $0.23 at $201.625, April feeder cattle are up $0.43 at $281.15, April lean hogs are down $0.58 at $85.925, May corn is up 4 1/2 cents per bushel and May soybean meal is up $6.10. The Dow Jones Industrial Average is down 112.81 points. Beef net sales of 14,300 mt for 2025 were up 7% from the previous week but down 13% from the prior 4-week average. The three largest buyers were Japan (4,600 mt), South Korea (3,000 mt) and China (2,500 mt). Pork net sales of 20,300 mt for 2025 -- a marketing year low -- down were 52% from the previous week and 35% from the prior 4-week average. The three largest buyers were Mexico (6,300 mt), Japan (5,100 mt) and South Korea (3,700 mt).