DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- May corn is down 4 1/4 cents per bushel, May soybeans are steady. May KC wheat is down 13 cents per bushel, May Chicago wheat is down 8 1/4 cents per bushel and May Minneapolis wheat is down 10 cents. The Dow Jones Industrial Average is up 260.25 points at 40,472.96. The U.S. Dollar Index is down 0.260 at 99.85. May crude oil is down $0.34 per barrel at $61.16. Headed into Monday's close, grain and soy markets remain down with wheat and corn the weakest. Wheat is down on the improved prospect for rain to invade over the weekend, while corn and beans are looking at another five to six days of dry weather to aid in planting efforts. Monday's Crop Progress report will likely see wheat conditions fall by 2 to 3 percentage points due to dryness in the west and flooding in the east.
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Posted 10:35 -- May corn is down 3 1/4 cents per bushel, May soybeans are down 1/2 cent per bushel. May KC wheat is down 14 1/4 cents per bushel, May Chicago wheat is down 10 3/4 cents per bushel and May Minneapolis wheat is down 9 1/4 cents. The Dow Jones Industrial Average is up 303.21 points at 40,515.92. The U.S. Dollar Index is down 0.490 at 99.61. May crude oil is down $0.13 per barrel at $61.37. At midmorning all grain and soy markets are down somewhat with wheat getting hit hard on the likelihood of needed rain to fall in the arid Southern Plains this holiday weekend. Dryness in the Black Sea region should be a positive for wheat. Clearing central U.S. weather should accelerate seeding efforts.
Posted 08:35 -- May corn is down 2 1/2 cents per bushel, May soybeans are up 1 3/4 cents per bushel. May KC wheat is down 11 1/2 cents per bushel, May Chicago wheat is down 8 1/4 cents per bushel and May Minneapolis wheat is down 7 3/4 cents. The Dow Jones Industrial Average is up 449.28 points at 40,661.99. The U.S. Dollar Index is down 0.020 at 100.08. May crude oil is up $0.52 per barrel at $62.02. USDA: private exporters reported sales of 120,000 mt (4.7 mb) of corn for delivery to Japan during the 2024-25 marketing year. Grain and soy markets, with the exception of soybeans, begin the new week under some pressure. U.S. farmers should have close to a week of good seeding weather in the Western and Central Plains, and there appears to be a much better chance for some much-needed rain in hard winter areas by the weekend.
Posted 19:06 Sunday -- May corn is down 1/2 cent per bushel, May soybeans are down 1 3/4 cents per bushel. May KC wheat is down 6 1/4 cents per bushel, May Chicago wheat is down 3 1/4 cents per bushel and May Minneapolis wheat is down 5 cents. The Dow Jones Industrial Futures are up 185 points at 40,854. The U.S. Dollar Index is down 0.240 at 99.86. May crude oil is down $0.17 per barrel at $61.33. U.S. corn and soy planting should advance with mostly dry weather this week but the forecast for the holiday weekend promises some much-needed rain for the southern Plains hard winter areas. Brazil crop areas received some rain over the weekend in the arid south. The Trump administration made the decision to exempt electronics from the tariffs. The U.S. Dollar Index is again under pressure -- positive for U.S. exports.
LivestockPosted 11:51 -- June live cattle are up $1.58 at $198.375, May feeder cattle are up $2.03 at $280.725, June lean hogs are up $1.73 at $95.05, May corn is down 4 1/4 cents per bushel and May soybean meal is down $3.60. The Dow Jones Industrial Average is up 181.84 points. Last week's negotiated cash cattle trade totaled 52,705 head. Of that 76% (40,118 head) were committed to the nearby delivery while the remaining 24% (12,587 head) were committed to the deferred delivery.
Posted 08:38 -- June live cattle are up $0.95 at $197.75, May feeder cattle are up $2.03 at $280.725, June lean hogs are up $1.10 at $94.425, May corn is down 2 1/4 cents per bushel and May soybean meal is down $0.70. The Dow Jones Industrial Average is up 403.30 points. The livestock complex is off to a strong start for the day as the market is hopeful some stability will be gained this week. Remember that this week is a shortened holiday week with markets closed for Good Friday, so cash cattle trade will likely develop on Wednesday and Thursday.
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