DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is down 1 3/4 cents per bushel, March soybeans are down 2 cents, March KC wheat is down 4 cents, March Chicago wheat is down 1 1/4 cents and MIAX March Minneapolis wheat is up 0.0100 cents. The Dow Jones Industrial Average is down 44.18 points. The U.S. Dollar Index is up 0.150 and February crude oil is down $0.07 per barrel. February gold is up $39.10 per ounce. Heading into the Tuesday close, trade has surely been subdued and low volume. Corn, wheat and soybeans are now all weaker, with soybeans leading the way ahead of Wednesday's first notice day for January. Long January traders are looking to exit ahead of the close. China's resumption of buying has had negligible impact on price even with rumors of more ahead.

Posted 10:36 -- March corn is down 1 1/4 cents per bushel, March soybeans are up 1/2 cent, March KC wheat is down 4 3/4 cents, March Chicago wheat is down 2 cents and MIAX March Minneapolis wheat is down 0.0025 cents. The Dow Jones Industrial Average is down 80.05 points. The U.S. Dollar Index is up 0.090 and February crude oil is up $0.04 per barrel. February gold is up $38.40 per ounce. It's a slow one today with corn and wheat lower and soybeans trading in low volume around unchanged. Finally, we got another small flash sale of 5 mb reported to China along with another 8.5 mb to unknown. Rumors that China may have bought over a half-million metric tons on Tuesday should result in additional confirmation soon.

Posted 08:39 -- March corn is down 1/2 cents and January soybeans are up 1 cents. March KC wheat is down 1/4 cents, March Chicago wheat is up 1 1/4 cents, and March MIAX Minneapolis wheat is down 1 1/4 cents. February crude oil is up $0.31 and Dow Jones futures are down 120 points. The U.S. Dollar Index is up 0.10 and February gold is up $50.60. To begin the penultimate session of 2025, row-crop futures are mixed and in search of support following a surprisingly bearish session on Monday given the lack of market-driving news. Corn and wheat futures fell from chart resistance as large U.S. supply thoughts are tempering expectations in those markets. Meanwhile, soybeans have fallen from overnight highs but remain just above chart support on March futures. USDA announced 13.5 million bushels of flash export sales of soybeans Tuesday morning to China and unknown buyers.

Livestock

Posted 11:29 -- February live cattle are up $1.78 at $230.75, March feeder cattle are up $2.90 at $344.575, February lean hogs are up $0.93 at $85.4, March corn is down 1 3/4 cents per bushel and March soybean meal is down $0.40. The Dow Jones Industrial Average is down 111.15 points and NASDAQ is down 15.92 points. The livestock contracts are trading higher into Tuesday's noon hour as traders willingly help drive the contracts higher. Still no cash cattle trade has developed and no bids are currently on the table.

Posted 08:35 -- February live cattle are down $0.20 at $228.775, March feeder cattle are up $0.13 at $341.8, February lean hogs are up $0.35 at $84.825, March corn is steady and March soybean meal is down $0.90. The Dow Jones Industrial Average is down 68.75 points and NASDAQ is up 4.21 points. The livestock complex continues to trade mixed as traders long to see what's going to develop fundamentally this week before they'll confidently advance the contracts. No bids or asking prices have surfaced in the fed cash cattle market yet.

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