DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 5 3/4 cents and March soybeans are up 2 1/2 cents. March KC wheat is up 14 1/2 cents, March Chicago wheat is up 12 3/4 cents, and March MIAX Minneapolis wheat is up 1 1/2 cents. March crude oil is up $1.69 and Dow Jones futures are down 399 points. The U.S. Dollar Index is down 0.59 and February gold is up $51.60. Heading into the final half hour of trade for the week, wheat futures continue to lead row crops to a bullish close, adding weather-related premium ahead of this weekend's winter storm event and trading to two-month highs for March KC futures. Meanwhile, corn futures are breaking out on higher volume behind a tremendous round of export sales data Friday morning, sales for the current marketing year were the highest in almost five years in the report, and among the highest on record.

Posted 10:33 -- March corn is up 5 3/4 cents per bushel, March soybeans are up 5 cents, March KC wheat is up 11 1/4 cents, March Chicago wheat is up 7 3/4 cents and MIAX March Minneapolis wheat is down 0.0150 cents. The Dow Jones Industrial Average is down 292.91 points. The U.S. Dollar Index is down 0.290 and March crude oil is up $1.64 per barrel. February gold is up $72.40 per ounce. At midmorning, both wheat and corn have extended gains and soybeans and products are higher as well. Massive export sales for corn at a marketing year high and extreme cold in the U.S. have funds lightening up on a large wheat short. Soybeans made steady progress on the export sales front and are now down only 22% from a year ago versus 25% a week ago.

Posted 08:32 -- March corn is up 3 cents per bushel, March soybeans are up 5 3/4 cents, March KC wheat is up 8 1/4 cents, March Chicago wheat is up 5 1/2 cents and MIAX March Minneapolis wheat is down 1 cent. The Dow Jones Industrial Average is down 190.62 points. The U.S. Dollar Index is down 0.060 and March crude oil is up $1.76 per barrel. February gold is up $25.30 per ounce. Grain and soy markets are mostly higher with KC wheat leading the bull move on possible winterkill damage ahead as bitter cold invades the winter wheat belt. Bean oil has revived its move higher reaching highs not seen since August.

Livestock

Posted 11:40 -- April live cattle are up $2.88 at $237.7, March feeder cattle are up $2.18 at $361.45, April lean hogs are down $0.33 at $96.025, March corn is up 6 1/2 cents per bushel and March soybean meal is up $3.50. The Dow Jones Industrial Average is down 252.45 points and NASDAQ is up 117.43 points. Some light cash cattle trade has developed in the South at $233, but no Northern dressed cattle have traded yet. The market should see packer interest improve this afternoon, most likely after the Cattle on Feed report is released.

Posted 08:42 -- April live cattle are down $0.35 at $234.475, March feeder cattle are down $0.75 at $358.525, April lean hogs are up $0.08 at $96.425, March corn is up 2 1/2 cents per bushel and March soybean meal is up $1.60. The Dow Jones Industrial Average is down 272.77 points and NASDAQ is down 42.26 points. Beef net sales of 15,400 mt for 2026 were primarily for Hong Kong (3,700 mt), Japan (3,100 mt) and Mexico (2,500 mt). Pork net sales of 33,200 mt for 2026 were primarily for Mexico (11,800 mt), South Korea (5,100 mt) and Japan (3,400 mt).

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