DTN's Quick Takes

By DTN Analysts

Grains

Posted 10:34 -- March corn is up 2 1/4 cents and January soybeans are up 9 cents. March KC wheat is up 5 cents, March Chicago wheat is up 7 1/2 cents, and March MIAX Minneapolis wheat is up 2 1/4 cents. February crude oil is down $0.07 and Dow Jones futures are up 236 points. The U.S. Dollar Index is up 0.04 and February gold is down $10.90. Roughly halfway through the shortened Christmas Eve session, trading volumes are very low as was expected. However, the soybean market has found active buyers leading row crop futures higher with double-digit gains currently in deferred soybean contracts. Market driving news thus far is slim, with USDA offices closed for the holiday. Futures will likely stick within their early week patterns and adhere to technical clues.

Posted 08:32 -- March corn is up 1 1/4 cents per bushel, January soybeans are up 5 1/2 cents, March KC wheat is up 2 3/4 cents, March Chicago wheat is up 4 1/4 cents and MIAX March Minneapolis wheat is up 0.0025 cents. The Dow Jones Industrial Average is up 46.88 points. The U.S. Dollar Index is down 0.010 and February crude oil is up $0.28 per barrel. February gold is up $6.00 per ounce. Corn, wheat and soy are all higher on this holiday-shortened trading day in what is expected to be low volume trade. There were no new flash sales to China announced.

Livestock

OMAHA (DTN) -- February live cattle are down $0.98 at $229.025, March feeder cattle are up $0.25 at $339.25, February lean hogs are down $0.90 at $85.075, March corn is up 3 1/4 cents per bushel and March soybean meal is up $3.80. The Dow Jones Industrial Average is up 296.60 points and NASDAQ is up 52.26 points. The live cattle and lean hog contracts are trading lower into Wednesday's noon hour, while the feeder cattle contracts are trading slightly higher. Bids are on the table in the fed cash cattle market, but no new sizeable trade has developed.

Posted 08:37 -- February live cattle are down $1.78 at $228.225, March feeder cattle are down $1.40 at $337.6, February lean hogs are down $1.20 at $84.775, March corn is up 3/4 cent per bushel and March soybean meal is up $1.60. The Dow Jones Industrial Average is up 37.30 points and NASDAQ is down 9.67 points. The livestock complex is trading lower at Wednesday's start as the cattle complex is fearing the market's resistance at its 100-day moving average, and the lean hog complex is reacting poorly to its Quarterly Hogs and Pigs report. No new cash cattle trade has been reported following Tuesday's light trade.

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