DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is down 1/4 cent per bushel, March soybeans are down 5 3/4 cents, March KC wheat is up 1/4 cent, March Chicago wheat is up 1 1/4 cents and MIAX March Minneapolis wheat is up 0.0125 cents. The Dow Jones Industrial Average is up 275.24 points. The U.S. Dollar Index is up 0.250 and February crude oil is up $1.45 per barrel. February gold is down $4.40 per ounce. Winter wheat market is still showing some concern about the warm and dry weather in the Southern Plains that may spur the wheat to come out of dormancy too soon. Soybean market is still looking for more China business, while corn is looking for direction until the WADSE report due out on Monday, Jan. 12. Crude oil is staging a strong recovery after news that President Trump approved new sanctions on Russian oil.

Posted 10:29 -- March corn is up 1/2 cent per bushel, March soybeans are down 3 3/4 cents, March KC wheat is up 2 1/4 cents, March Chicago wheat is up 3 1/2 cents and MIAX March Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 259.36 points. The U.S. Dollar Index is up 0.210 and February crude oil is up $1.00 per barrel. February gold is up $1.20 per ounce. At midmorning, soybeans and products are moderately lower while wheat and corn are firmer. There is very little news as traders await next week's January USDA report. I think the 4.9 mb flash sale to China on beans was less than what was expected. Rumors have China buying another 3 to 5 cargoes of beans Wednesday.

Posted 08:31 -- March corn is down 1/2 cent per bushel, March soybeans are down 1 cent, March KC wheat is down 2 1/4 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 103.21 points. The U.S. Dollar Index is up 0.210 and February crude oil is up $1.08 per barrel. February gold is down $28.20 per ounce. Grain and soy markets are mixed to mostly lower early Thursday in quiet trade. There is a dearth of news. USDA: Private exporters reported sales of 132,000 mt (4.9 mb) of soybeans to China for 2025/2026. This is a bit less than traders had anticipated.

Livestock

Posted 11:30 -- February live cattle are down $0.13 at $234.4, March feeder cattle are up $0.55 at $356.05, February lean hogs are up $1.23 at $86.025, March corn is up 3/4 cent per bushel and March soybean meal is up $0.50. The Dow Jones Industrial Average is up 309.79 points and NASDAQ is down 138.35 points. Thursday's export report shared that beef net sales of 10,600 mt for the week ending Jan. 1 were primarily for South Korea (4,400 mt), Mexico (1,600 mt) and Taiwan (1,500 mt). Pork net sales of 27,700 mt for 2026 were primarily for Mexico (12,800 mt), Japan (8,700 mt) and South Korea (2,300 mt).

Posted 08:35 -- February live cattle are up $0.60 at $235.125, March feeder cattle are up $1.50 at $357., February lean hogs are up $1.03 at $85.825, March corn is down 1/2 cent per bushel and March soybean meal is down $0.90. The Dow Jones Industrial Average is down 93.34 points and NASDAQ is down 67.48 points. The cattle complex is trading higher as traders feel as though they're in a safe position following Wednesday's slight correction. No bids are on the table currently for the cash cattle market but packer interest should improve throughout the day.

Join DTN Lead Analyst Rhett Montgomery for the latest insights on the USDA's supply and demand estimates, plus details from the Grain Stocks and Wheat/Canola Seedings reports. RSVP to hold your spot: dtn.link/cgj6zr

(c) Copyright 2026 DTN, LLC. All rights reserved.