DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- March corn is up 3 1/4 cents per bushel, March soybeans are up 6 3/4 cents, March KC wheat is up 7 3/4 cents, March Chicago wheat is up 10 3/4 cents and MIAX March Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is down 4.79 points. The U.S. Dollar Index is up 0.430 and March crude oil is up $0.60 per barrel. February gold is up $190.40 per ounce. Heading into the midweek close, corn, wheat and beans are still showing solid gains, while corn has retreated from the daily high and bean oil is lower. Funds are sizable buyers today with estimates as of noon CST that they had bought as much as 11,000 contracts of corn, 7,000 beans and over 5,000 each in wheat and soymeal.

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Posted 10:33 -- March corn is up 4 1/4 cents per bushel, March soybeans are up 10 1/2 cents, March KC wheat is up 11 3/4 cents, March Chicago wheat is up 15 cents and MIAX March Minneapolis wheat is up 4 3/4 cents. The Dow Jones Industrial Average is up 65.60 points. The U.S. Dollar Index is up 0.340 and March crude oil is up $0.55 per barrel. February gold is up $198.90 per ounce. At midmorning, the corn, wheat and soybean markets are holding sharp gains. Only soybean oil is close to unchanged. Outside factors are surely an influence, with the Dollar falling to four-year lows, and crude oil having rallied back.

Posted 08:45 -- March corn is up 5 1/2 cents per bushel, March soybeans are up 13 1/4 cents, March KC wheat is up 12 3/4 cents, March Chicago wheat is up 13 1/2 cents and MIAX March Minneapolis wheat is up 5 1/4 cents. The Dow Jones Industrial Average is up 47.31 points. The U.S. Dollar Index is up 0.040 and March crude oil is up $0.61 per barrel. February gold is up $167.30 per ounce. Grain and soy markets are all higher to start, with bean oil fading from overnight highs. Outside markets with the dollar plunging to four-year lows are adding to the rally. Wheat is surging, fueled by the dollar and likely fund short covering.

Livestock

Posted 11:33 -- April live cattle are up $0.75 at $238.15, March feeder cattle are up $1.90 at $363.9, April lean hogs are down $1.88 at $94.95, March corn is up 3 3/4 cents per bushel and March soybean meal is up $4.70. The Dow Jones Industrial Average is up 12.84 points and NASDAQ is down 13.99 points. Seeming to remain optimistic while waiting for the fed cash cattle market to trade, both the live cattle and feeder cattle contracts are trading higher into Wednesday's noon hour. No cash cattle trade has developed yet, and bids and asking prices remain elusive at this point.

Posted 08:34 -- April live cattle are down $0.58 at $236.825, March feeder cattle are down $0.58 at $361.425, April lean hogs are down $1.10 at $95.725, March corn is up 4 1/4 cents per bushel and March soybean meal is up $4.00. The Dow Jones Industrial Average is up 94.07 points and NASDAQ is up 148.94 points. With no developments having surfaced yet in the fed cash cattle market, the cattle contracts are trading lower. Bids and asking prices both remain elusive at this point and trade will likely be delayed until Thursday or Friday.

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