DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:42 -- March corn is up 5 cents per bushel, March soybeans are up 4 1/2 cents, March KC wheat is up 10 1/2 cents, March Chicago wheat is up 8 1/4 cents and MIAX March Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is up 22.21 points. The U.S. Dollar Index is up 0.080 and March crude oil is up $0.54 per barrel. February gold is down $24.80 per ounce. Heading into the Friday close it looks like a green finish for all but bean oil as that market has profit-taking going on. Some very cold weather moving into the Wheat Belt is giving the market a boost. Corn is likely firm on continued strong demand as we remain a bit cheaper than Argentina and Ukraine until March.

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Posted 10:34 -- March corn is up 6 1/4 cents per bushel, March soybeans are up 1/4 cent, March KC wheat is up 11 cents, March Chicago wheat is up 10 cents and MIAX March Minneapolis wheat is up 6 1/2 cents. The Dow Jones Industrial Average is up 1.07 points. The U.S. Dollar Index is up 0.060 and March crude oil is up $0.66 per barrel. February gold is down $27.90 per ounce. At midmorning, corn and wheat markets are sharply higher while the soy complex is mixed to lower. There is very little news early Friday but demand for U.S. corn remains impressive.

Posted 08:32 -- March corn is up 1 3/4 cents per bushel, March soybeans are down 3 cents, March KC wheat is up 8 cents, March Chicago wheat is up 7 1/4 cents and MIAX March Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is up 157.41 points. The U.S. Dollar Index is down 0.060 and March crude oil is up $0.64 per barrel. February gold is down $18.90 per ounce. USDA: private exporters reported the following: sales of 298,000 mt (11.7 million bushels) of corn to unknown destinations for 2025/2026 and 120,000 mt (4.7 mb) of corn to Japan for 2025/2026. Soybeans and bean oil are leaking early Friday, while wheat is very firm.

Livestock

Posted 11:46 -- February live cattle are down $4.90 at $231.15, March feeder cattle are down $9.23 at $355.325, February lean hogs are up $0.13 at $87.925, March corn is up 6 1/2 cents per bushel and March soybean meal is up $1.00. The Dow Jones Industrial Average is down 9.97 points and NASDAQ is up 4.75 points. The livestock complex is trading mixed into Friday's noon hour as the cattle contracts are sharply lower and continue to wait for some fed cash cattle trade to develop. However, the lean hog contracts are mildly higher. Still no sizeable fed cash cattle trade has developed.

Posted 08:34 -- February live cattle are down $0.23 at $235.825, March feeder cattle are down $0.73 at $363.825, February lean hogs are down $0.08 at $87.725, March corn is up 1 1/2 cents per bushel and March soybean meal is up $0.40. The Dow Jones Industrial Average is up 84.13 points and NASDAQ is up 114.50 points. Currently there are no bids or asking prices noted for the fed cash cattle market, but packer interest should improve at any moment as no cattle have traded yet this week. And it's fully assumed that prices will trade higher this week as packers can't afford to be short-bought moving forward.

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