DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is down 2 cents per bushel, March soybeans are down 5 1/4 cents, March KC wheat is down 2 1/2 cents, March Chicago wheat is down 1 cent and MIAX March Minneapolis wheat is down 1 1/2 cents. The Dow Jones Industrial Average is up 10.82 points. The U.S. Dollar Index is down 0.730 and March crude oil is up $0.86 per barrel. April gold is up $102.20 per ounce. Just ahead of the Monday close, corn, soybeans, soymeal and wheat remain under pressure while bean oil stands alone with solid gains. There is apparently a lot of meal-oil spreading going on. Pressure on soybeans is coming from falling basis levels in Brazil and the expanding harvest which has now reached 40% complete in Mato Grosso.

Posted 10:30 -- March corn is down 2 cents per bushel, March soybeans are down 6 1/4 cents, March KC wheat is down 3 1/2 cents, March Chicago wheat is down 2 1/2 cents and MIAX March Minneapolis wheat is down 0.0200 cents. The Dow Jones Industrial Average is down 18.55 points. The U.S. Dollar Index is down 0.620 and March crude oil is up $0.94 per barrel. April gold is up $121.00 per ounce. Earlier from the USDA: private exporters reported sales of 264,000 mt (9.7 mb) of soybeans to China for 2025/2026. Grain and soy markets, with the exception of bean oil, are all lower with soymeal down sharply on better Argentine rains.

Posted 08:32 -- March corn is down 1 1/2 cents and March soybeans are down 3 1/2 cents. March KC wheat is down 3 cents, March Chicago wheat is down 1/2 cents, and March MIAX Minneapolis wheat is down 0 cents. March crude oil is down $0.08 and Dow Jones futures are down 131 points. The U.S. Dollar Index is down 0.70 and April gold is up $75.20. Grain markets are mixed to slightly lower to kick off Monday's day session, with KC wheat futures leading the way lower but thus far holding trendline support through the overnight trade. USDA announced a 9.7-mb sale of soybeans to China this morning, the first since President Trump's bullish comments last Wednesday. Despite the announcement, soybean futures are lower, caught between soybean oil surging to over six-month highs but soybean meal down likely as a result of a better rainfall outlook for Argentina through the middle of the month.

Posted 19:08 Sunday -- March corn is down 1 cent and March soybeans are down 4 1/2 cents on Sunday evening. March Chicago wheat is down 1 1/2 cents, and March MIAX Minneapolis wheat is down 1/4 cents. March crude oil is down $0.30 and Dow Jones futures are up 57 points. The U.S. Dollar Index is down 0.07 and April gold is up $62.20. Row crop markets are lower to begin the new week led by continued selling in soybeans after the March board fell more than 20 cents from Friday's highs. For the time being, there is little proof of an extension to Chinese demand for U.S. soybeans into the typically Brazil dominated period, with no reported sales since President Donald Trump's bullish comments last Wednesday and sales pace slowing through the second half of January. Brazilian offers are a steep discount to U.S. prices. Traders will be closely watching the daily export sales announcements at 8 a.m. CST through the upcoming week for demand clues. Otherwise, traders will also be looking to USDA for a WASDE update on Tuesday of this week, which is expected to be a quiet report for the most part but will give a more confident look into South American production of corn and soybeans in 2026.

Livestock

Posted 11:37 -- April live cattle are up $0.45 at $237.7, March feeder cattle are down $0.65 at $366.775, April lean hogs are down $1.35 at $96.6, March corn is down 2 3/4 cents per bushel and March soybean meal is down $6.30. The Dow Jones Industrial Average is down 15.93 points and NASDAQ is up 243.58 points. Without much fundamental, the livestock contracts are trading mixed into Monday's noon hour. New showlists are higher in Texas, Kansas and mostly steady in Nebraska/Colorado.

Posted 08:38 -- April live cattle are up $1.28 at $238.525, March feeder cattle are up $1.58 at $369., April lean hogs are down $1.20 at $96.75, March corn is down 2 cents per bushel and March soybean meal is down $3.70. The Dow Jones Industrial Average is down 72.48 points and NASDAQ is down 103.90 points. It's quite surprising to see the cattle complex trading higher at Monday's start as late Friday afternoon Trump announced the U.S. would be lowering duties on 80,000 metric tons of lean beef trimmings from Argentina -- which won't negatively impact the market -- but most assumed there could be a psychological reaction to the news. Thankfully traders aren't seeming bothered by that headline and are rather instead keeping their eyes fixated on the market's long-term, bullish trajectory.

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