DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- March corn is up 1/4 cents and March soybeans are up 3 1/2 cents. March KC wheat is up 1/2 cents, March Chicago wheat is up 1 cent and March MIAX Minneapolis wheat is unchanged. March crude oil is up $0.01 and Dow Jones futures are down 83 points. The U.S. Dollar Index is down 0.45 and February gold is up $59.10. Row crop futures are mostly positive to begin the new trading week after a strong close to last week's trade, driven primarily by a weather-related surge in wheat prices, which are adding to their rally Sunday evening. Meanwhile, corn and soybeans are riding a tailwind created by outstanding export sales for the week ending Jan. 15, as well as continued dryness and declining crop conditions in Argentina heading into a very important February for crop development.

Livestock

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]