DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 1/4 cent per bushel, March soybeans are down 4 3/4 cents, March KC wheat is up 2 3/4 cents, March Chicago wheat is up 3 1/4 cents and MIAX March Minneapolis wheat is up 5 3/4 cents. The Dow Jones Industrial Average is down 104.24 points. The U.S. Dollar Index is down 0.220 and March crude oil is up $1.93 per barrel. February gold is up $33.40 per ounce. Heading into the Thursday close, March soybeans have reverted to that $10.70 level again, which should be short-term support, and are now 16 cents below the daily high. Corn is little changed, and wheat shows a modest gain in slow trade. Soybean products have weakened with beans.

Posted 10:36 -- March corn is down 1 cent per bushel, March soybeans are down 2 1/4 cents, March KC wheat is down 1/2 cent, March Chicago wheat is down 1/4 of a cent and MIAX March Minneapolis wheat is up 0.0225 cents. The Dow Jones Industrial Average is down 90.14 points. The U.S. Dollar Index is down 0.080 and March crude oil is up $2.46 per barrel. February gold is down $5.20 per ounce. At midmorning, corn, wheat, soybeans and soy products have given up all of the gains to trade lower. Likewise, the gold market, which soared to a new high this morning has reversed, with March having traded down $325 per ounce from the high.

Posted 08:38 -- March corn is up 3 1/2 cents per bushel, March soybeans are up 9 1/4 cents, March KC wheat is up 5 cents, March Chicago wheat is up 7 1/4 cents and MIAX March Minneapolis wheat is up 4 3/4 cents. The Dow Jones Industrial Average is up 34.92 points. The U.S. Dollar Index is down 0.250 and March crude oil is up $2.95 per barrel. February gold is up $229.70 per ounce. Grain and soy markets are stronger again, led by soybeans, soymeal and wheat. Outside markets are again contributing to strength with the dollar lower while crude oil and gold are sharply higher on geopolitical concerns. On the fundamental side, soybeans continue to whittle down the export sales spread relative to a year ago, having now fallen from over 40% to just 20% lower now.

Livestock

Posted 11:36 -- April live cattle are down $0.85 at $237.875, March feeder cattle are up $0.38 at $366.225, April lean hogs are up $0.50 at $95.65, March corn is up 1/2 cent per bushel and March soybean meal is down $1.60. The Dow Jones Industrial Average is down 6.75 points and NASDAQ is down 324.47 points. The livestock complex is trading mixed into Thursday's noon hour as the live cattle contracts are trading slightly lower as traders yearn to see what this week's trade is going to look like, but lean hog contracts are trading higher thanks to a helpful export sales report. Still no cash cattle trade has developed and it's likely that trade will be delayed until Friday.

Posted 08:33 -- April live cattle are up $0.48 at $239.2, March feeder cattle are up $0.73 at $366.575, April lean hogs are up $0.23 at $95.375, March corn is up 2 3/4 cents per bushel and March soybean meal is up $1.80. The Dow Jones Industrial Average is up 70.37 points and NASDAQ is down 27.91 points. Thursday's export report shared that beef net sales of 16,900 mt for 2026 were primarily for South Korea (7,600 mt), Japan (4,900 mt) and Hong Kong (1,800 mt). Pork net sales of 56,000 mt for 2026 were primarily for Mexico (28,300 mt), China (15,900 mt) and Japan (3,800 mt).

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