DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:31 -- March corn is up 1 cent per bushel, March soybeans are down 4 1/2 cents, March KC wheat is down 3 cents, March Chicago wheat is up 3/4 cent and MIAX March Minneapolis wheat is up 1/2 cent. The Dow Jones Industrial Average is down 308.48 points. The U.S. Dollar Index is up 0.320 and February crude oil is up $1.81 per barrel. February gold is down $2.70 per ounce. At midmorning, March corn and Chicago wheat have gone slightly positive, while soybeans, soymeal and KC wheat continue to trade lower. Volume appears to be light.

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Posted 08:35 -- March corn is down 2 1/4 cents per bushel, March soybeans are down 3 cents, March KC wheat is down 4 cents, March Chicago wheat is down 1 1/4 cents and MIAX March Minneapolis wheat is up 0.0400 cents. The Dow Jones Industrial Average is down 84.09 points. The U.S. Dollar Index is up 0.090 and February crude oil is up $1.01 per barrel. February gold is up $10.20 per ounce. USDA: private exporters reported the following sales: 168,000 mt (6.2 mb) of soybeans to China for 2025-26 and 152,404 mt (6 mb) of soybeans to Mexico for 2025-26. Bearish data has led to a second day of selling early Tuesday following USDA's shocking yield and production estimates.

Livestock

Posted 08:35 -- February live cattle are up $0.58 at $235.825, March feeder cattle are up $1.35 at $357.525, February lean hogs are up $0.18 at $84.6, March corn is down 2 1/4 cents per bushel and March soybean meal is down $2.80. The Dow Jones Industrial Average is down 84.09 points and NASDAQ is up 34.88 points. The cattle complex is again higher as traders are hopeful the market will see some positive fundamental developments this week which will justify pushing the contracts higher. Resistance pressure remains an issue in the complex, and traders are nearing those price points.

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

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