DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 1/4 cents and January soybeans are up 3/4 cents. March KC wheat is up 7 1/2 cents, March Chicago wheat is up 2 3/4 cents, and March MIAX Minneapolis wheat is down 1 cents. February crude oil is up $0.34 and Dow Jones futures are up 127 points. The U.S. Dollar Index is down 0.25 and February gold is up $34.80. Heading into the final stretch of trade for Tuesday, corn and soybean futures are chopping near unchanged on the day, having faded from early highs on a lack of volume during the holiday week. Wheat prices in the meanwhile are higher with KC futures leading the way as traders build risk into the market following the uptick in Black Sea tensions.

Posted 10:30 -- March corn is down 1/4 cents and January soybeans are up 1/4 cents. March KC wheat is up 1 3/4 cents, March Chicago wheat is down 1 cents, and March MIAX Minneapolis wheat is down 1 cents. February crude oil is up $0.08 and Dow Jones futures are up 63 points. The U.S. Dollar Index is down 0.21 and February gold is up $17.10. At midmorning, row-crop futures are mixed with corn falling from early highs just below $4.50 which remains a clear level of resistance to the market currently. Soybeans are holding to fractional gains after export sales for the week ended Dec. 11 were reported at a marketing year high of 88 million bushels. A mild correction in vegetable oil futures, including soybean oil, is weighing on soybean prices from the upside.

Posted 08:32 -- March corn is up 1/2 cent per bushel, January soybeans are up 2 1/4 cents, March KC wheat is up 3/4 cent, March Chicago wheat is steady and MIAX March Minneapolis wheat is down 0.0150 cents. The Dow Jones Industrial Average is down 31.44 points. The U.S. Dollar Index is down 0.190 and February crude oil is down $0.04 per barrel. February gold is up $15.60 per ounce. Corn and soybeans are modestly higher and wheat mixed in very slow pre-Christmas trade. There were no new flash sales of soybeans to China announced. Volume should continue to be light.

Livestock

Posted 11:33 -- February live cattle are down $1.80 at $229.625, March feeder cattle are down $2.33 at $338.175, February lean hogs are up $0.58 at $85.925, March corn is up 1/4 cent per bushel and March soybean meal is up $3.10. The Dow Jones Industrial Average is up 94.58 points and NASDAQ is up 94.93 points. The livestock complex is trading mixed into Tuesday's noon hour as the cattle contracts dip lower but the lean hog contracts are trading higher as traders anxiously wait for this afternoon's Quarterly Hogs and Pigs report. Still no cash cattle trade has developed and no bids are on the table.

Posted 08:38 -- February live cattle are down $0.50 at $230.925, March feeder cattle are down $0.65 at $339.85, February lean hogs are up $0.03 at $85.375, March corn is up 1 cent per bushel and March soybean meal is up $1.10. The Dow Jones Industrial Average is down 85.72 points and NASDAQ is up 1.26 points. Following Monday's higher close, both the live cattle and feeder cattle contracts are now trading lower as traders reassess the marketplace, and look for more fundamental support. Do note that later this afternoon the Quarterly Hogs and Pigs report will be released.

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