DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 2 3/4 cents per bushel, May soybeans are up 15 cents per bushel. May KC wheat is down 1 1/4 cents per bushel, May Chicago wheat is down 4 3/4 cents per bushel and May Minneapolis wheat is up 2 1/4 cents. The Dow Jones Industrial Average is down 200.09 points at 42,254.70. The U.S. Dollar Index is down 0.240 at 104.30. May crude oil is up $0.14 per barrel at $69.79. As we head into the close, soybeans and bean oil are enjoying big gains. Corn is moderately weaker. Chicago wheat set a new contract low and has bounced a nickel above. Another big week of bean oil sales will necessitate another increase by USDA. Funds have been moderate sellers of corn and wheat while buying big in beans and bean oil.

Posted 10:35 -- May corn is down 1 3/4 cents per bushel, May soybeans are up 15 cents per bushel. May KC wheat is down 3 1/2 cents per bushel, May Chicago wheat is down 5 1/4 cents per bushel and May Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is down 94.39 points at 42,360.40. The U.S. Dollar Index is down 0.370 at 104.17. May crude oil is up $0.12 per barrel at $69.77. At midmorning soybeans and soybean oil are surging, while corn and wheat are under pressure. Chicago May wheat set a new contract low early Thursday as export sales were meager. The weakness comes in spite of U.S. soft red being the world's cheapest FOB wheat.

Posted 08:35 -- May corn is down 1/2 cent per bushel, May soybeans are up 11 1/4 cents per bushel. May KC wheat is up 1/2 cent per bushel, May Chicago wheat is down 2 cents per bushel and May Minneapolis wheat is up 2 3/4 cents. The Dow Jones Industrial Average is down 124.15 points at 42,330.64. The U.S. Dollar Index is down 0.140 at 104.41. May crude oil is down $0.12 per barrel at $69.53. Soybeans and bean oil are flying higher, while corn is little changed and wheat mixed to mostly firmer in quiet trade.

Livestock

Posted 11:40 -- June live cattle are up $0.50 at $203.525, May feeder cattle are down $1.00 at $284.175, June lean hogs are down $2.08 at $94.475, May corn is down 1 1/2 cents per bushel and May soybean meal is up $0.90. The Dow Jones Industrial Average is down 98.90 points. A single bid of $213 is currently being offered in Nebraska, but no trade has developed yet. The lean hog complex is currently trading lower as traders are braced for the afternoon's Quarterly Hogs and Pigs Report.

Posted 08:38 -- June live cattle are down $0.38 at $202.65, May feeder cattle are down $0.50 at $284.675, June lean hogs are down $0.65 at $95.9, May corn is up 1/4 cent per bushel and May soybean meal is down $0.90. The Dow Jones Industrial Average is down 123.94 points. Beef net sales of 8,000 mt for 2025 were down 22% from the previous week and 43% from the prior 4-week average. The three largest buyers were South Korea (3,300 mt), Japan (1,800 mt) and Mexico (1,200 mt). Pork net sales of 31,900 mt for 2025 were up 77% from the previous week and up 13% from the prior 4-week average. The three largest buyers were Mexico (14,400 mt), Colombia (3,700 mt) and Canada (3,300 mt).

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