DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is down 1 cent per bushel, March soybeans are down 3 1/2 cents, March KC wheat is down 1/2 cent, March Chicago wheat is down 3 3/4 cents and MIAX March Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is down 79.91 points. The U.S. Dollar Index is up 0.070 and February crude oil is down $1.14 per barrel. February gold is up $57.50 per ounce. Heading into the Friday close to end the holiday week, corn, wheat and soybeans are lower, giving up morning strength. There were no new sales to China in the past few days and most feel that China is still 3 mmt to 3.5 mmt short of the 12 mmt pledge. Pressure on wheat and corn may be coming from the chance for peace in the Russia-Ukraine war, but weekend bombings continued.

Posted 10:37 -- March corn is down 1 3/4 cents per bushel, March soybeans are down 3 cents, March KC wheat is up 1/4 cent, March Chicago wheat is down 3 1/2 cents and MIAX March Minneapolis wheat is up 0.0025 cents. The Dow Jones Industrial Average is down 54.91 points. The U.S. Dollar Index is up 0.130 and February crude oil is down $1.01 per barrel. February gold is up $74.30 per ounce. At midmorning and in quiet holiday trade, corn, soybeans and wheat have given up early gains to trade unchanged to mostly lower. There is very little fresh news and trade is volume is thin.

Posted 08:36 -- March corn is up 1 cents and January soybeans are up 4 1/2 cents. March KC wheat is up 1/2 cents, March Chicago wheat is up 1 3/4 cents, and March MIAX Minneapolis wheat is up 1 cents. February crude oil is down $0.41 and Dow Jones futures are down 19 points. The U.S. Dollar Index is down 0.05 and February gold is up $59.10. As grain and oilseed markets reopen following the Christmas break, soybean futures are leading the way higher after a double digit move higher Wednesday. Meanwhile, March corn futures are close to challenging mid-November highs for the fall rally. Volume will likely be fairly low again with many traders taking an extended holiday weekend.

Livestock

Posted 11:38 -- February live cattle are up $1.05 at $229.6, March feeder cattle are up $2.05 at $340.85, February lean hogs are down $0.75 at $84.3, March corn is down 1 1/2 cents per bushel and March soybean meal is up $0.20. The Dow Jones Industrial Average is down 82.83 points and NASDAQ is up 0.27 points. The livestock complex is trading mixed into Friday's noon hour as traders try to regain some clarity following the Christmas holiday. Still no new cash cattle trade has developed but some light trade could still surface ahead of the day's end.

Posted 08:37 -- February live cattle are up $1.28 at $229.825, March feeder cattle are up $1.60 at $340.4, February lean hogs are down $0.85 at $84.2, March corn is up 3/4 cent per bushel and March soybean meal is up $1.40. The Dow Jones Industrial Average is down 35.06 points and NASDAQ is up 31.51 points. The cattle complex is trading higher at Friday's start while the lean hog complex continues to venture lower. No new cash cattle trade has developed, but some more trade is likely to develop ahead of the day's end.

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