DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:47 -- March corn is down 6 1/4 cents per bushel, January soybeans are down 16 cents, March KC wheat is down 3 cents, March Chicago wheat is down 3 3/4 cents and MIAX March Minneapolis wheat is up 0.0075 cents. The Dow Jones Industrial Average is down 183.10 points. The U.S. Dollar Index is up 0.010 and January crude oil is down $0.02 per barrel. February gold is up $11.50 per ounce. Heading into the Friday close, the sellers are winning the ag futures battle today with both corn and soybeans down hard and nearing key support areas. On a close below $4.40, March corn might paint a bearish picture. January beans are just a dime away from the 100-day moving average, which coincides with an open chart gap left after the Trump-Xi meeting in late October. Funds are sizeable sellers of soybeans and both products.

Posted 10:32 -- March corn is down 3 cents per bushel, January soybeans are down 15 cents, March KC wheat is down 2 1/4 cents, March Chicago wheat is down 1 3/4 cents and MIAX March Minneapolis wheat is up 0.0050 cents. The Dow Jones Industrial Average is down 288.95 points. The U.S. Dollar Index is up 0.100 and January crude oil is down $0.17 per barrel. February gold is up $3.00 per ounce. At midmorning it's a mostly red quote day at the CME, led by soybean futures. The realization that Chinese buying could slow down after the next few purchases due to South America's cheaper value and the impending record harvest that could start in January is weighing on markets. Right now, it appears to be more technical with January beans on a course to test both the 100-day average and the open chart gap another 10-15 cents lower.

Posted 08:31 -- March corn is down 1 cent per bushel, January soybeans are down 9 1/2 cents, March KC wheat is down 3 1/4 cents, March Chicago wheat is down 3 3/4 cents and MIAX March Minneapolis wheat is down 0.0050 cents. The Dow Jones Industrial Average is up 68.51 points. The U.S. Dollar Index is up 0.080 and January crude oil is down $0.02 per barrel. February gold is up $56.00 per ounce. USDA: private exporters reported the following sales: 132,000 mt (4.9 mb) of soybeans to China for 2025/2026; 104,328 mt of soybean cake and meal to Mexico. Of the total, 93,895 mt is for 2025-26, and 10,433 mt is for 2026-27. Also 250,000 mt (9.8 mb) of corn to unknown destinations for 2025-26. Corn, wheat soybeans and products are all lower early Friday despite more flash sales of corn and soy.

Livestock

Posted 11:40 -- February live cattle are down $1.08 at $229.875, January feeder cattle are down $2.18 at $341.225, February lean hogs are up $0.30 at $84.475, March corn is down 3 1/2 cents per bushel and January soybean meal is up $0.70. The Dow Jones Industrial Average is down 197.61 points and NASDAQ is down 383.13 points. The livestock complex is mixed moving into Friday's noon hour as the cattle contracts back away from the market's 100-day moving average, but the lean hog contracts are fighting to their elevated position. No new cash cattle trade has developed but bids are on the table in Nebraska.

Posted 08:47 -- February live cattle are down $0.25 at $230.7, January feeder cattle are down $0.50 at $342.9, February lean hogs are up $0.73 at $84.9, March corn is down 1 3/4 cents per bushel and January soybean meal is down $1.40. The Dow Jones Industrial Average is up 67.66 points and NASDAQ is down 79.91 points. Following Thursday's impressive rally, the cattle complex is off to a mixed start as traders are wondering how much more immediate upside the market possesses. No new cash cattle trade has developed and it's likely that the bulk of this week's trade is done with.

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