DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:43 -- March corn is up 3 1/2 cents per bushel, January soybeans are up 4 cents, March KC wheat is up 5 cents, March Chicago wheat is up 2 cents and MIAX March Minneapolis wheat is down 0.0225 cents. The Dow Jones Industrial Average is down 2.13 points. The U.S. Dollar Index is up 0.070 and January crude oil is up $0.93 per barrel. February gold is up $10.20 per ounce. As we near Thursday's close, corn, wheat and beans are still mostly higher. Funds have been buying soybeans and soymeal while being net sellers in wheat. The rally today is occurring despite another rise in world wheat supplies as Canada has a crop of close to 40 mmt, and for the fourth day there were no new soy sales to China. Based on export sales through the end of October, U.S. soybean sales are down 394 mb from a year ago.

Posted 10:37 -- March corn is up 3 cents per bushel, January soybeans are up 6 1/4 cents, March KC wheat is up 3 1/4 cents, March Chicago wheat is up 1 1/4 cents and MIAX March Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is down 39.26 points. The U.S. Dollar Index is up 0.090 and January crude oil is up $0.86 per barrel. February gold is up $11.10 per ounce. The corn and wheat markets have recovered nicely from early weakness, while soybeans and soymeal are extending morning gains. Both March corn and January beans were able to find support at a few key technical areas. There is very little other fresh news to go on. It is the fourth day straight with no new soy sales to China, but a total of 19.3 mb of corn was reported in two separate sales to Colombia and Mexico.

Posted 08:34 -- March corn is up 1/2 cent per bushel, January soybeans are up 4 1/2 cents, March KC wheat is down 5 cents, March Chicago wheat is down 5 1/2 cents and MIAX March Minneapolis wheat is down 0.0325 cents. The Dow Jones Industrial Average is up 123.75 points. The U.S. Dollar Index is down 0.050 and January crude oil is up $0.08 per barrel. February gold is up $7.90 per ounce. USDA: Private exporters reported the following: 100,800 mt (3.9 mb) of corn to Colombia for 2025/2026 and 392,500 mt (15.4 mb) of corn to Mexico for 2025/2026. Corn and soybeans start off a bit firmer while wheat markets are lower in unison.

Livestock

Posted 11:43 -- February live cattle are up $1.78 at $223.675, January feeder cattle are up $3.78 at $335.625, February lean hogs are up $0.83 at $81.825, March corn is up 3 1/4 cents per bushel and January soybean meal is up $0.30. The Dow Jones Industrial Average is down 19.37 points and NASDAQ is up 31.60 points. The livestock complex is trading mostly higher into Thursday's noon hour as traders continue to be optimistic. Still no cash cattle trade has developed, but bids are on the table in both regions now. Current asking prices are around $225 in the South and $340-plus in the North.

Posted 07:34 -- February live cattle are up $1.88 at $223.775, January feeder cattle are up $3.33 at $335.175, February lean hogs are up $0.70 at $81.7, March corn is up 3/4 cent per bushel and January soybean meal is up $3.50. The Dow Jones Industrial Average is up 122.02 points and NASDAQ is down 25.59 points. The livestock complex is trading higher Thursday as traders are pleased with the uptick in consumer support the market has recently received. Still no cash cattle trade has developed but asking price are noted at $225 in the South. Packer interest should improve throughout the day.

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