DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 4 1/2 cents per bushel, May soybeans are up 1 1/4 cents per bushel. May KC wheat is down 2 1/4 cents per bushel, May Chicago wheat is down 5 3/4 cents per bushel and May Minneapolis wheat is down 1 3/4 cents. The Dow Jones Industrial Average is down 208.98 points at 4M2,378.52. The U.S. Dollar Index is up 0.330 at 104.51. May crude oil is up $0.61 per barrel at $69.61. At midday, corn, wheat and soymeal are under pressure while soybeans and bean oil are trading higher. The potential ceasefire between Russia and Ukraine is thought to be slightly bearish with freight rates likely to go lower.

Posted 10:35 -- May corn is down 2 1/2 cents per bushel, May soybeans are up 3 1/4 cents per bushel. May KC wheat is down 3 3/4 cents per bushel, May Chicago wheat is down 5 1/4 cents per bushel and May Minneapolis wheat is down 1 cent. The Dow Jones Industrial Average is up 52.89 points at 42,640.39. The U.S. Dollar Index is up 0.170 at 104.36. May crude oil is up $0.96 per barrel at $69.96. At midmorning, corn has given up early gains and some to trade lower, while wheat is extending its losses. The soy complex is moderately higher on the expectation for lower soy acres on Monday's USDA report.

Posted 08:40 -- May corn is up 2 1/2 cents per bushel, May soybeans are up 6 1/2 cents per bushel. May KC wheat is up 3 1/4 cents per bushel, May Chicago wheat is up 1/4 cent per bushel and May Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 137.66 points at 42,725.16. The U.S. Dollar Index is up 0.260 at 104.44. May crude oil is up $0.84 per barrel at $69.84. Wheat is mixed while corn, soybeans and bean oil are firmer early Wednesday in low volume trade with little news.

Livestock

Posted 11:35 -- June live cattle are up $0.83 at $203.15, May feeder cattle are up $1.05 at $285.175, June lean hogs are up $1.13 at $97.375, May corn is down 1 3/4 cents per bushel and May soybean meal is up $0.70. The Dow Jones Industrial Average is down 43.81 points. Thus far it's been a fruitful day for the livestock complex as traders are willingly advancing all three of the markets. Still no cash cattle trade has developed but asking prices are noted in the South at $212 plus.

Posted 08:36 -- June live cattle is steady, May feeder cattle are up $0.08 at $284.2, June lean hogs are down $0.43 at $95.825, May corn is up 2 3/4 cents per bushel and May soybean meal is down $0.10. The Dow Jones Industrial Average is up 118.25 points. The cattle complex has found more support early in Wednesday's market as traders are pleased with the continued support of strong boxed beef demand. It's unlikely that any cash cattle trade will develop ahead of Thursday at the earliest, but asking prices are noted in the South at $212 plus.

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