DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 10:36 -- March corn is down 1 3/4 cents per bushel, March soybeans are up 17 3/4 cents, March KC wheat is down 3/4 cent, March Chicago wheat is down 1 1/2 cents and MIAX March Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is up 924.86 points. The U.S. Dollar Index is down 0.190 and March crude oil is up $0.85 per barrel. April gold is up $67.80 per ounce. At midmorning, soybeans and products continue to trade higher while wheat and corn are leaking lower. Weather, if anything, is slightly more bearish in Argentina, but it seems bean bulls are figuring that China will return as a buyer at some point.

Posted 08:31 -- March corn is down 1 cent per bushel, March soybeans are up 10 1/2 cents, March KC wheat is up 2 1/4 cents, March Chicago wheat is up 3 1/2 cents and MIAX March Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 457.38 points. The U.S. Dollar Index is down 0.190 and March crude oil is down $0.36 per barrel. April gold is up $49.10 per ounce. Soybeans and soy products continue their upward climb, with March beans now having rallied more than 60 cents in the past three days. Corn is lower and wheat mixed in quiet trade.

Livestock

Posted 08:44 -- April live cattle are up $4.03 at $239.625, March feeder cattle are up $5.98 at $370.05, April lean hogs are up $1.00 at $99.375, March corn is down 1 1/2 cents per bushel and March soybean meal is up $3.50. The Dow Jones Industrial Average is up 634.20 points and NASDAQ is up 174.70 points. Following Thursday's sharp sell off in the cattle complex because of the union strike at the JBS packing plant in Greeley, the cattle contracts are back to trading higher. A thin movement of cash cattle trade developed in the North on Thursday, but more cash cattle trade will need to develop today.

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