DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:50 -- March corn is down 1 3/4 cents per bushel, January soybeans are down 5 1/4 cents, March KC wheat is down 6 cents, March Chicago wheat is down 9 1/4 cents and MIAX March Minneapolis wheat is down 0.0625 cents. The Dow Jones Industrial Average is down 122.36 points. The U.S. Dollar Index is down 0.010 and January crude oil is down $0.95 per barrel. February gold is up $9.70 per ounce. Heading for the Monday close corn, wheat and soybeans remain under heavy pressure and bean oil has fallen further. The November NOPA crush came out about 4 mb less than trade expectations at just over 216 mb. Bean oil stocks rose sharply to the highest level since mid-2024. After breaking out of a sideways range, Chicago March wheat has fallen hard.

Posted 10:29 -- March corn is down 3 1/4 cents per bushel, January soybeans are down 8 1/2 cents, March KC wheat is down 6 1/2 cents, March Chicago wheat is down 6 3/4 cents and MIAX March Minneapolis wheat is down 0.0475 cents. The Dow Jones Industrial Average is up 28.60 points. The U.S. Dollar Index is down 0.170 and January crude oil is down $0.75 per barrel. February gold is down $1.60 per ounce. At mid-morning, grain and soy markets are under heavy pressure led by soybeans, soybean oil and wheat. January soybeans have fallen to test the 100-day moving average and is just a nickel above an open chart gap from October. March corn is threatening to break the key $4.35 area.

Posted 08:32 -- March corn is down 2 cents per bushel, January soybeans are down 3 1/4 cents, March KC wheat is down 4 1/4 cents, March Chicago wheat is down 4 cents and MIAX March Minneapolis wheat is down 0.0075 cents. The Dow Jones Industrial Average is up 215.43 points. The U.S. Dollar Index is down 0.130 and January crude oil is down $0.29 per barrel. February gold is up $26.20 per ounce. USDA: private exporters reported sales of 150,320 mt (5.9 mb) of corn to unknown destinations for 2025-26 and 136,000 mt (5 mb) of soybeans to China for 2025-26. Corn, soybeans and wheat are all under pressure with January beans now just a nickel above the 100-day average and 10 cents above the open chart gap left in October.

Posted 19:12 Sunday -- March corn is up 1/4 cent, and January soybeans are down 2 cents. March KC wheat is down 1 1/4 cents, March Chicago wheat is down 1/2 cent, and March MIAX Minneapolis wheat is down 1 1/4 cents. January crude oil is up $0.21, and Dow Jones futures are up 101 points. The U.S. Dollar Index is up 0.03, and February gold is up $16.60. Row crop futures are mixed, with slightly higher corn and lower soybean and wheat futures to start the week, which will likely feature increasingly slow trade, as the holiday season is upon us. The soybean market's bearish move over the past couple of weeks has been a tone setter for surrounding crop markets and will be searching for support this week as prices approach month-and-a-half lows. Corn futures, meanwhile, remain impressively range-bound through the late fall/early winter, with record demand ideas yet to inspire enough bullish momentum for a breakout above $4.50 resistance on the March board in the face of record-large production this fall.

Livestock

Posted 11:27 -- February live cattle are up $0.43 at $229.975, January feeder cattle are down $0.38 at $338.725, February lean hogs are down $0.83 at $83.7, March corn is down 2 1/2 cents per bushel and January soybean meal is up $0.90. The Dow Jones Industrial Average is down 88.96 points and NASDAQ is down 89.12 points. Although both boxed beef prices and pork cutout values are trading higher, the livestock contracts are trading mostly lower into Monday's noon hour as traders need to see more than a day's worth of support before they'll likely push the contracts any higher. Especially in the cattle complex, the market's 100-day moving average continues to remain a difficult threshold to challenge.

Posted 08:37 -- February live cattle are up $0.23 at $229.775, January feeder cattle are up $1.25 at $340.35, February lean hogs are down $1.85 at $82.675, March corn is down 2 cents per bushel and January soybean meal is down $0.80. The Dow Jones Industrial Average is up 182.00 points and NASDAQ is up 126.17 points. The cattle complex is off to a slightly stronger start at Monday's open, as the market is continuing to rally off the strong rally in last week's fed cash cattle market. It will be imperative to note how many cattle traded last week in the market as that will indicate how aggressive packers will likely be this week.

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