DTN's Quick Takes

By DTN Analysts

Grains

Posted 12:47 -- March corn is up 2 1/4 cents per bushel, January soybeans are up 1 3/4 cents, March KC wheat is down 1 cent, March Chicago wheat is up 3 3/4 cents and MIAX March Minneapolis wheat is up 0.0125 cents. The Dow Jones Industrial Average is up 619.47 points. The U.S. Dollar Index is down 0.560 and January crude oil is down $1.06 per barrel. February gold is up $85.60 per ounce. On a slow day of trade, soybeans and corn are barely higher, while wheat is mixed and bean oil is lower. After this morning's sales to China and unknown on beans, there are rumors of an additional purchase today of 500,000 mt. Some are saying that China may have already bought over 6 mmt of U.S. soy to date.

Posted 10:33 -- March corn is up 2 3/4 cents per bushel, January soybeans are up 1/4 cent, March KC wheat is down 2 1/4 cents, March Chicago wheat is up 1 1/2 cents and MIAX March Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 472.52 points. The U.S. Dollar Index is down 0.520 and January crude oil is down $1.23 per barrel. February gold is up $62.10 per ounce. At mid-morning, corn and beans are just modestly higher while wheat is mixed and bean oil down hard with the leaking crude oil futures. China continues to buy small quantities of U.S. beans but are still far short of the goal.

Posted 08:31 -- March corn is up 3 cents per bushel, January soybeans are up 3/4 cent, March KC wheat is up 2 1/2 cents, March Chicago wheat is up 2 1/4 cents and MIAX March Minneapolis wheat is up 0.0200 cents. The Dow Jones Industrial Average is up 154.17 points. The U.S. Dollar Index is down 0.540 and January crude oil is down $1.18 per barrel. February gold is up $38.60 per ounce. USDA: private exporters reported 264,000 mt (9.7 mb) of soybeans sold to China for 2025/2026, 186,000 mt (7.3 mb) of corn to unknown destinations for 2025/2026 and 226,000 mt (8.3 mb) of soybeans to unknown destinations for 2025/2026. Soybeans are mixed to down slightly, wheat and corn a bit firmer early Thursday and bean oil is weaker along with crude oil.

Livestock

OMAHA (DTN) -- February live cattle are up $3.00 at $231.525, January feeder cattle are up $5.40 at $343.775, February lean hogs are up $1.73 at $84.15, March corn is up 3/4 cent per bushel and January soybean meal is up $1.00. The Dow Jones Industrial Average is up 633.74 points and NASDAQ is down 136.57 points. Some light dressed cattle trade has developed in Nebraska at $355 which is $12.00 higher than last week's weighted average. The positive development in the fed cash cattle market has helped both the live cattle and feeder cattle contracts trade higher.

Posted 08:43 -- February live cattle are up $2.50 at $231.025, January feeder cattle are up $4.98 at $343.35, February lean hogs are up $1.08 at $83.5, March corn is up 2 1/2 cents per bushel and January soybean meal is up $2.10. The Dow Jones Industrial Average is up 235.96 points and NASDAQ is down 168.63 points. The livestock complex is off to a bold start as the market is trading sharply higher. Some light cash cattle trade was reported in the North late Wednesday afternoon at $350 to $355, but it will be interesting to see what's reported on the mandatory reports later Thursday morning. Bids and asking prices remain elusive still at this point.

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