DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 12:41 -- March corn is down 1/4 cent per bushel, March soybeans are up 4 1/4 cents, March KC wheat is up 10 1/4 cents, March Chicago wheat is up 10 3/4 cents and MIAX March Minneapolis wheat is up 4 cents. The Dow Jones Industrial Average is down 153.63 points. The U.S. Dollar Index is down 0.020 and March crude oil is up $1.10 per barrel. April gold is up $75.00 per ounce. At midday, the corn markets is near unchanged while soybeans and soy products are higher and wheat is extending morning gains. I have not heard any wheat-specific news to justify the rally. Favorable South American weather continues to provide a headwind to corn and bean markets.

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Posted 10:25 -- March corn is down 2 1/2 cents per bushel, March soybeans are down 8 1/2 cents, March KC wheat is up 3 3/4 cents, March Chicago wheat is up 4 cents and MIAX March Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is down 12.90 points. The U.S. Dollar Index is up 0.150 and March crude oil is up $1.16 per barrel. April gold is up $49.50 per ounce. At midmorning, corn, soybeans and soy products have now leaked lower, while wheat markets continue to trade moderately higher. Weighing on beans is the fact that no China interest is showing up and weather continues to be mostly favorable in South America.

Posted 08:32 -- March corn is down 1 1/2 cents per bushel, March soybeans are down 3 1/2 cents, March KC wheat is up 4 1/4 cents, March Chicago wheat is up 4 1/2 cents and MIAX March Minneapolis wheat is up 2 3/4 cents. The Dow Jones Industrial Average is up 302.30 points. The U.S. Dollar Index is up 0.210 and March crude oil is up $1.85 per barrel. April gold is up $59.60 per ounce. USDA: private exporters reported sales of 230,560 mt (9 million bushels) of corn to unknown destinations for 2025/2026. Corn and soybeans are lower and wheat higher in quiet trade.

Livestock

Posted 11:42 -- April live cattle are up $3.38 at $240.8, March feeder cattle are up $2.58 at $367.35, April lean hogs are down $1.08 at $94.425, March corn is down 3 cents per bushel and March soybean meal is up $0.10. The Dow Jones Industrial Average is down 4.81 points and the NASDAQ is down 22.81 points. The cattle contracts are rallying into Wednesday's noon hour as the market is hopeful fed cash cattle prices will be higher later this week. At this point, both bids and asking prices remain elusive, and the trade will likely be delayed for another day or two.

Posted 08:39 -- April live cattle are up $0.75 at $238.175, March feeder cattle are up $0.55 at $365.325, April lean hogs are down $0.23 at $95.275, March corn is down 1/2 cent per bushel and March soybean meal is down $0.10. The Dow Jones Industrial Average is up 230.97 points and NASDAQ is up 120.86 points. The livestock complex continues to trade in a mixed manner as the cattle contracts inch higher while the lean hog contracts scale lower. Still no bids or asking prices are posted for the fed cash cattle market and trade will likely be delayed for another day or two.

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