DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- March corn is up 2 1/2 cents and January soybeans are up 3 1/2 cents. March KC wheat is up 6 3/4 cents, March Chicago wheat is up 6 1/4 cents, and March MIAX Minneapolis wheat is up 3/4 cents. February crude oil is up $1.40 and Dow Jones futures are up 227 points. The U.S. Dollar Index is down 0.29 and February gold is up $80.70. Heading into the last half hour of trade for Monday, row-crop futures are holding on to moderate gains across the board. Weekend escalation in the Black Sea conflict is the primary bullish driver with wheat and vegetable oil markets leading the way. Reported damage to a sunflower oil facility in Ukraine has sparked the March soybean oil contract to its strongest price action of the month thus far.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]

Posted 10:38 -- March corn is up 1 1/4 cents and January soybeans are up 1 1/4 cents. March KC wheat is up 6 cents, March Chicago wheat is up 4 1/2 cents, and March MIAX Minneapolis wheat is up 1 3/4 cents. February crude oil is up $1.24 and Dow Jones futures are up 253 points. The U.S. Dollar Index is down 0.30 and February gold is up $82.30. Thus far for Monday most row-crop futures are moderately higher in quiet trade. Monday morning's delayed export sales were strong, with soybean sales coming in at the second highest weekly total of the marketing year thus far.

Posted 08:31 -- March corn is up 2 3/4 cents per bushel, January soybeans are up 4 cents, March KC wheat is up 5 3/4 cents, March Chicago wheat is up 6 3/4 cents and MIAX March Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 222.61 points. The U.S. Dollar Index is down 0.310 and February crude oil is up $1.43 per barrel. February gold is up $69.00 per ounce. USDA: private exporters reported sales of 396,000 mt (14.3 mb) of soybeans to China. Of the total, 330,000 mt (12.1 mb) is for 2025-26, and 66,000 mt (2.2 mb) is for 2026-27. Grain and soy markets start the holiday-shortened week with strength, buoyed by more export sales and the escalation of the Russia-Ukraine conflict.

Posted 19:04 Sunday -- March corn is up 1/2 cent per bushel, January soybeans are up 1 3/4 cents, March KC wheat is up 1 1/2 cents, March Chicago wheat is up 1 1/4 cents and MIAX March Minneapolis wheat is down 0.0075 cents. The Dow Jones Industrial futures are up 47 points. The U.S. Dollar Index is up 0.030 and February crude oil is up $0.41 per barrel. February gold is up $12.50 per ounce. Corn, soybeans and wheat are quietly trading near unchanged but mostly firmer with very little news from the weekend. Rain was near expectations in Argentina and Brazil over the weekend.

Livestock

Posted 11:47 -- February live cattle are up $0.78 at $231.575, January feeder cattle are up $1.83 at $347.425, February lean hogs are up $0.58 at $85.075, March corn is up 2 1/4 cents per bushel and March soybean meal is up $0.70. The Dow Jones Industrial Average is up 268.79 points and NASDAQ is up 125.32 points. Traders are pushing the livestock contracts higher as the cattle complex is pleased with last week's bullish Cattle on Feed report and traders are anxious to see Tuesday's Quarterly Hogs and Pigs Report. New showlists appear to be mixed -- higher in Texas and Kansas, but lower in Nebraska/Colorado.

Posted 08:36 -- February live cattle are up $1.10 at $231.9, January feeder cattle are up $2.45 at $348.05, February lean hogs are up $0.35 at $84.85, March corn is up 3 cents per bushel and March soybean meal is up $1.00. The Dow Jones Industrial Average is up 207.43 points and NASDAQ is up 138.15 points. The cattle complex is starting the day off with an aggressive upward push as the contracts are currently trading just above the market's 100-day moving average. The bravery likely comes from the fact that last week's Cattle on Feed report was rather bullish.

P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]