DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is up 4 1/4 cents and December corn is up 1 cent. May soybeans are up 14 3/4 cents and November soybeans are up 3 3/4 cents. May KC wheat is up 1 3/4 cents, May Chicago wheat is up 2 1/2 cents, and May Minneapolis wheat is up 2 1/4 cents. May crude oil is down $0.58 and Dow Jones futures are up 335 points. The U.S. Dollar Index is down 0.14 and June gold is up $20.70. Heading into the final half hour of trade, U.S. ag markets are holding on to gains for the most part. Soybean futures attempted to move back above $10.00 on May futures, but were unable with the relationship with China remaining very uncertain at this point. Meanwhile, outside markets have swung very wildly throughout the session, with the Dow Jones peaking Tuesday morning around a 1,400 point gain, which has since faded to currently under a 400 point gain as each incoming headline regarding tariffs garners a trade reaction.

Posted 10:30 -- May corn is up 2 1/2 cents per bushel, May soybeans are up 16 cents per bushel. May KC wheat is down 1 1/4 cents per bushel, May Chicago wheat is up 3 1/4 cents per bushel and May Minneapolis wheat is up 1/4 cent. The Dow Jones Industrial Average is up 826.27 points at 38,791.87. The U.S. Dollar Index is up 0.010 at 103.27. May crude oil is down $0.19 per barrel at $60.51. At mid-morning, KC wheat and bean oil have set back from early gains. Soybeans and soymeal are sharply higher. The equities rebound has been cut in half this morning as plenty of uncertainty remains.

Posted 08:36 -- May corn is up 3 3/4 cents per bushel, May soybeans are up 17 cents per bushel. May KC wheat is up 4 1/4 cents per bushel, May Chicago wheat is up 6 1/4 cents per bushel and May Minneapolis wheat is up 4 1/4 cents. The Dow Jones Industrial Average is up 1,246.34 points at 39,211.94. The U.S. Dollar Index is down 0.260 at 103.00. May crude oil is up $0.74 per barrel at $61.44. Financial markets have stabilized and grain and soy markets are higher as well on news that several nations have expressed interest in negotiating on tariffs. China is not one of those as the rhetoric has ramped up between the U.S. and China. USDA said private exporters reported sales of 240,000 mt (9.5 mb) of corn for delivery to Spain during the 2024-25 marketing year.

Livestock

Posted 11:43 -- June live cattle are up $0.03 at $194.2, May feeder cattle are up $0.93 at $272.2, June lean hogs are down $0.23 at $89.825, May corn is up 2 3/4 cents per bushel and May soybean meal is up $3.40. The Dow Jones Industrial Average is up 718.23 points. Both the live cattle and feeder cattle contracts are trading higher as traders are relieved to see the equity markets find some stability. Still no trade has developed in the cash cattle complex.

Posted 08:37 -- June live cattle are up $3.20 at $197.375, May feeder cattle are up $4.40 at $275.675, June lean hogs are up $1.73 at $91.775, May corn is up 3 1/2 cents per bushel and May soybean meal is up $3.70. The Dow Jones Industrial Average is up 1,236.12 points. With the outside markets lending support, the livestock contracts are back to trading higher. The cash cattle market hasn't seen any bids surface and it's likely that trade will be delayed until at least Wednesday if not later.

(c) Copyright 2025 DTN, LLC. All rights reserved.