DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is up 1 1/4 cents per bushel, May soybeans are up 1 1/4 cents per bushel. July KC wheat is up 5 3/4 cents per bushel, May Chicago wheat is up 5 cents per bushel and July Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is down 493.76 points at 39,875.20. The U.S. Dollar Index is down 0.760 at 99.46. May crude oil is up $1.05 per barrel at $62.38. As we approach the Wednesday close, grain and soy markets are still mostly higher, led by wheat. Some optimism about a potential trade meeting with China appears to be circulating without any confirmation. Algeria is reported to have bought 600,000 mt of European/Ukraine wheat and rumors are floating around about Spain back buying more U.S. corn for May-June.

Posted 10:35 -- May corn is up 2 1/4 cents per bushel, May soybeans are up 3 1/2 cents per bushel. July KC wheat is up 2 1/2 cents per bushel, May Chicago wheat is up 3 1/2 cents per bushel and July Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is up 26.38 points at 40,395.34. The U.S. Dollar Index is down 0.640 at 99.58. May crude oil is up $1.34 per barrel at $62.67. In very quiet trade, corn, beans and wheat are all modestly higher with soy products also firmer. Concern remains in the market about tariffs and the future direction of those. The Trump administration is said to be meeting with Japan's trade officials Wednesday.

Posted 08:35 -- May corn is up 3 3/4 cents per bushel, May soybeans are up 2 3/4 cents per bushel. July KC wheat is up 5 1/2 cents per bushel, May Chicago wheat is up 7 1/4 cents per bushel and July Minneapolis wheat is up 6 1/2 cents. The Dow Jones Industrial Average is down 128.00 points at 40,240.96. The U.S. Dollar Index is down 0.700 at 99.52. May crude oil is up $0.83 per barrel at $62.16. Grain and soy markets, with the exception of soymeal, are off to a firm start on Wednesday, led by wheat. The corn market continues to reflect very strong demand, with new sales to Portugal and Japan announced this week.

Livestock

Posted 11:12 -- June live cattle are up $2.10 at $201.9, May feeder cattle are up $2.45 at $284.975, June lean hogs are up $2.75 at $97.925, May corn is up 2 cents per bushel and May soybean meal is up $2.30. The Dow Jones Industrial Average is down 209.27 points. A regional bid has surfaced in Nebraska at $328, but still no trade has developed. More packer interest should develop later this afternoon, but trade could still be delayed until Thursday.

Posted 08:36 -- June live cattle are down $0.05 at $199.75, May feeder cattle are down $0.48 at $282.05, June lean hogs are up $0.43 at $95.6, May corn is up 3 1/2 cents per bushel and May soybean meal is up $0.90. The Dow Jones Industrial Average is down 165.15 points. Asking prices are noted in the South at $208 but are still not established in the North. Given that the markets will be closed on Friday, it's likely that packers will begin to offer some initial bids in the market later this afternoon. Prices are expected to be steady this week.

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