DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 4 cents per bushel, May soybeans are down 8 1/2 cents per bushel. May KC wheat is down 3 1/4 cents per bushel, May Chicago wheat is down 5 3/4 cents per bushel and July Minneapolis wheat is down 3 1/2 cents. The Dow Jones Industrial Average is down 26.43 points at 40,498.36. The U.S. Dollar Index is up 0.560 at 100.20. May crude oil is down $0.17 per barrel at $61.36. Ahead of Tuesday's close, only new-crop corn and soybean oil futures are higher while, spot corn, soy, and wheat markets trade lower. NOPA crush was solid at 194.5 mb, with soy oil stocks falling much more than expected. The midday weather appears to be much drier for the western and central Plains, allowing seeding to advance.

Posted 10:35 -- May corn is down 5 cents per bushel, May soybeans are down 6 1/2 cent per bushel. May KC wheat is down 3 1/4 cents per bushel, May Chicago wheat is down 4 3/4 cents per bushel and May Minneapolis wheat is down 1 3/4 cents. The Dow Jones Industrial Average is up 55.14 points at 40,579.93. The U.S. Dollar Index is up 0.323 at 99.720. May crude oil is down $0.35 per barrel at $61.18. At midmorning, all of the grain and soy markets are lower albeit off the morning lows. Soybean oil is the exception with it trying to recover from Monday's downdraft on global vegetable oil market strength. Wheat and corn are struggling given the likelihood of needed rain to fall in the arid southern Plains this holiday weekend as well as Brazil (helping the safrinha corn crop).

Posted 08:35 -- May corn is up 1 3/4 cents per bushel, May soybeans are down 8 1/2 cents per bushel. May KC wheat is down 1 cent per bushel, May Chicago wheat is up 1 3/4 cents per bushel and July Minneapolis wheat is up 1 1/2 cents. The Dow Jones Industrial Average is up 62.31 points at 40,587.10. The U.S. Dollar Index is up 0.210 at 99.85. May crude oil is up $0.07 per barrel at $61.60. Corn is firmer to start and soybeans and soy products start Tuesday trade in the red. Wheat is mixed after falling in overnight trade. Improved prospects for some rain to hit hard wheat areas this weekend is pressuring wheat markets. USDA: private exporters reported sales of 110,000 mt (4.3 mb) of corn for delivery to Portugal during the 2024-25 marketing year.

Livestock

Posted 11:35 -- June live cattle are up $0.43 at $199.5, May feeder cattle are up $1.18 at $282.125, June lean hogs are up $0.08 at $95.2, May corn is down 3 cents per bushel and May soybean meal is down $3.90. The Dow Jones Industrial Average is up 109.72 points. The livestock complex continues to trade higher as traders are pleased with the support and stability from the equity markets. Still no trade has surfaced yet in the fed cash cattle market, but some early bids could develop later this afternoon.

Posted 08:46 -- June live cattle are up $0.73 at $199.8, May feeder cattle are up $1.18 at $282.125, June lean hogs are down $0.05 at $95.075, May corn is up 1 3/4 cents per bushel and May soybean meal is down $4.60. The Dow Jones Industrial Average is up 155.86 points. The livestock complex continues to trade higher as fears over tariffs continues to be a thought that drifts to the backburner. Still no bids or asking prices have surfaced for the cash cattle market.

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