DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:51 -- March corn is up 1/4 cent per bushel, March soybeans are down 15 cents, March KC wheat is down 6 3/4 cents, March Chicago wheat is down 4 1/2 cents and MIAX March Minneapolis wheat is down 0.0250 cents. The Dow Jones Industrial Average is down 95.13 points. The U.S. Dollar Index is up 0.140 and February crude oil is down $0.38 per barrel. February gold is down $56.60 per ounce. Soybeans are in meltdown mode on the last day of the calendar year, fueled by higher-than-expected deliveries, no new China sales and fund liquidation. Soy products are also down with meal headed for the fourth straight lower close. Corn has maintained relative strength on strong sales but has now gone back to unchanged.
Posted 10:31 -- March corn is up 1 cent per bushel, March soybeans are down 8 1/4 cents, March KC wheat is down 4 3/4 cents, March Chicago wheat is down 1 1/4 cents and MIAX March Minneapolis wheat is down 0.0275 cents. The Dow Jones Industrial Average is down 138.82 points. The U.S. Dollar Index is up 0.090 and February crude oil is down $0.03 per barrel. February gold is down $43.40 per ounce. At midmorning, soybeans, bean oil and wheat have extended losses while corn is barely higher. Pressure is the result of long liquidation in the beans as deliveries against the January futures were larger than expected at 1,062 contacts with ADM putting out 661 and Bunge another 98 contracts with no commercial stopper. Benign weather for the most part in all of Brazil and much of Argentina continues to weigh on values.
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Posted 08:39 -- March corn is down 3/4 cents and January soybeans are down 3 3/4 cents. March KC wheat is down 4 1/2 cents, March Chicago wheat is down 2 3/4 cents, and March MIAX Minneapolis wheat is down 2 cents. February crude oil is up $0.36 and Dow Jones futures are up 13 points. The U.S. Dollar Index is up 0.12 and February gold is down $31.40. Heading into the final trading session of 2025, row-crop futures are once again lower, with New Years week thus far erasing gains made through the low volume Christmas week rally. Traders lack the bullish confidence to challenge long-term resistance for corn and wheat contracts. Wednesday morning's export sales as of Dec. 18 were a mixed event, solid as usual for corn but with a marketing year low for wheat sales likely to add to recent price pressure there. Meanwhile, soybean export commitments continue to incrementally improve but remain 32% lower than the same point in 2024.
Livestock
Posted 11:27 -- February live cattle are up $1.40 at $231.875, March feeder cattle are up $1.15 at $345.725, February lean hogs are down $0.13 at $85.325, March corn is up 1 cent per bushel and March soybean meal is down $1.10. The Dow Jones Industrial Average is down 150.61 points and NASDAQ is down 54.74 points. The livestock complex is trading mixed into Wednesday's noon hour as the cattle contracts continue to inch higher while the lean hog contracts lack necessary support. Still no cash cattle trade has developed and it looks like trade could be delayed until later in the week.
Posted 08:32 -- February live cattle are down $0.15 at $230.325, March feeder cattle are up $0.03 at $344.6, February lean hogs are up $0.18 at $85.625, March corn is up 1/4 cent per bushel and March soybean meal is steady. The Dow Jones Industrial Average is down 24.05 points and NASDAQ is up 9.57 points. The cattle complex is off to a mostly stronger start for the day as traders remain optimistic about the year ahead. Still no cash cattle trade has developed but asking prices are noted at $232 in the South.
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