DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is down 2 3/4 cents and January soybeans are down 9 cents. March KC wheat is down 1 1/2 cents, March Chicago wheat is down 4 1/4 cents, and March MIAX Minneapolis wheat is down 2 cents. January crude oil is up $0.93 and Dow Jones futures are down 131 points. The U.S. Dollar Index is down 0.09 and February gold is up $21.40. Heading into the final half hour of trade for Monday, row crop futures remain moderately lower as prices for corn, soybeans, and wheat had all traded into areas of chart resistance through Thanksgiving week's low volume trade. Despite reports that five Brazilian exporters have been suspended from shipping soybeans to China, the U.S. market reaction was muted with no USDA flash sale Monday morning to follow up the weekend news. In wheat news, Australia's ABARES forecasted 2025-26 wheat production at 35.6 million metric tons, a touch below USDA's November estimate but the third largest crop on record if true.

Posted 10:31 -- March corn is down 1 cent per bushel, January soybeans are down 5 1/2 cents, March KC wheat is down 1/4 cent, March Chicago wheat is down 2 cents and MIAX March Minneapolis wheat is up 0.0375 cents. The Dow Jones Industrial Average is down 202.43 points. The U.S. Dollar Index is down 0.180 and January crude oil is up $0.64 per barrel. February gold is up $14.60 per ounce. At midmorning, corn and wheat are modestly lower while soybeans and soymeal are under some pressure. Corn inspections continue to outpace last year's total by 71%, while beans are much lower.

Posted 08:31 -- March corn is down 3/4 cent per bushel, January soybeans are down 4 1/4 cents, March KC wheat is down 2 1/4 cents, March Chicago wheat is down 3 1/4 cents and MIAX March Minneapolis wheat is up 0.0050 cents. The Dow Jones Industrial Average is down 265.55 points. The U.S. Dollar Index is down 0.300 and January crude oil is up $0.65 per barrel. February gold is up $20.90 per ounce. Corn, wheat and soybean markets are all under a bit of pressure early Monday. There were no new flash sales of beans to China this morning.

Posted 19:07 Sunday -- March corn is up 3/4 cents and January soybeans are up 1/2 cents. March KC wheat is up 3 1/4 cents, March Chicago wheat is up 1 cents, and March MIAX Minneapolis wheat is unchanged. January crude oil is up $0.57 and Dow Jones futures are down 125 points. The U.S. Dollar Index is down 0.04 and February gold is up $9.40. Row-crop markets are marginally higher to open the new week and will attempt to build on bullish momentum from the shortened Thanksgiving week, especially in the corn market which saw March futures post their highest weekly close last week since early July. Traders will continue to watch the daily USDA export sales announcements for increased soybean business with China after weekend reports that China had rejected some Brazilian cargoes over contamination concerns after wheat was reportedly found in a shipment.

Livestock

Posted 11:40 -- February live cattle are down $1.93 at $215.925, January feeder cattle are down $2.75 at $321.225, February lean hogs are steady, March corn is down 2 3/4 cents per bushel and January soybean meal is down $3.20. The Dow Jones Industrial Average is down 228.03 points and NASDAQ is down 30.66 points. The livestock complex is trading mixed into Monday's noon hour as the cattle contracts hope to see a tick more fundamental support develop; but the lean hog contracts are still trading higher and pleased to see midday pork cutout values higher. New showlists appear to be mixed, higher in Kansas, about steady in Nebraska/Colorado, but lower in Texas.

Posted 08:40 -- February live cattle are down $0.45 at $217.4, January feeder cattle are down $1.20 at $322.775, February lean hogs are up $0.93 at $81.925, March corn is down 1 1/2 cents per bushel and January soybean meal is down $2.30. The Dow Jones Industrial Average is down 239.41 points and NASDAQ is down 181.55 points. The cattle complex is trading cautiously at Monday's start as the market looks for continued fundamental support following last week's late rally. It will be imperative to see exactly how many cattle traded last week in the midmorning USDA reports.

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