DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:44 -- March corn is up 5 cents per bushel, January soybeans are down 4 cents, March KC wheat is up 10 3/4 cents, March Chicago wheat is up 3 1/4 cents and MIAX March Minneapolis wheat is up 0.1025 cents. The Dow Jones Industrial Average is up 233.52 points. The U.S. Dollar Index is up 0.100 and February crude oil is up $0.35 per barrel. February gold is down $8.50 per ounce. Going into the Thursday close, soybeans and bean oil remain lower, with still net-long funds liquidating beans. Kansas City wheat is on a strong short-covering rally at midday.

Posted 10:29 -- March corn is up 3 1/2 cents per bushel, January soybeans are down 3 3/4 cents, March KC wheat is up 9 cents, March Chicago wheat is up 1 3/4 cents and MIAX March Minneapolis wheat is up 0.0725 cents. The Dow Jones Industrial Average is up 391.67 points. The U.S. Dollar Index is down 0.030 and February crude oil is up $0.53 per barrel. February gold is up $27.50 per ounce. At midmorning, wheat is on a strong short-covering rally, corn continues to be very firm as rumors of China buying some PNW corn swirl, and soybeans are again under pressure with soybean oil. Equities are reacting to a lower CPI reading than expected at 2.7%.

Posted 08:31 -- March corn is up 2 1/2 cents per bushel, January soybeans are down 1/4 cent, March KC wheat is up 5 cents, March Chicago wheat is up 2 1/4 cents and MIAX March Minneapolis wheat is up 0.0450 cents. The Dow Jones Industrial Average is up 407.37 points. The U.S. Dollar Index is down 0.050 and February crude oil is up $0.57 per barrel. February gold is down $3.30 per ounce. Corn and wheat are moderately higher while soybeans are slightly lower in quiet early trade. There were no new soybean sales announced to China Thursday.

Livestock

Posted 11:19 -- February live cattle are down $1.63 at $227.925, January feeder cattle are down $1.70 at $339.825, February lean hogs are up $0.98 at $83.975, March corn is up 3 1/4 cents per bushel and January soybean meal is up $1.20. The Dow Jones Industrial Average is up 72.30 points and NASDAQ is up 295.81 points. The livestock complex is trading mixed into Thursday's noon hour as the cattle contracts are trading lower but the lean hog complex is higher. Some light cash cattle trade is developing in the North at $358, which is $4.00 higher than the previous week's weighted average.

Posted 08:36 -- February live cattle are down $0.23 at $229.325, January feeder cattle are down $0.10 at $341.425, February lean hogs are up $0.78 at $83.775, 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 363.38 points and NASDAQ is up 354.47 points. The cattle complex is again trading higher, keeping with the back and forth trade in which the market has currently been enduring. Still no cash cattle trade has traded, but packer interest should improve at any point now.

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