DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- March corn is up 3 3/4 cents per bushel, March soybeans are up 13 1/2 cents, March KC wheat is up 16 1/4 cents, March Chicago wheat is up 15 3/4 cents and MIAX May Minneapolis wheat is up 9 1/4 cents. The Dow Jones Industrial Average is down 512.16 points. The U.S. Dollar Index is up 0.150 and March crude oil is down $1.90 per barrel. April gold is down $139.00 per ounce. Heading into the Thursday close, soybeans, soymeal and wheat are flying higher with corn and bean oil also higher for the day. Talk of optimism for the upcoming China meeting between Presidents Trump and Xi along with short covering is likely fueling the strength. Ag Resource is reporting that China has inquired about PNW soybeans but has not made a purchase yet.

Posted 10:28 -- March corn is up 2 cents per bushel, March soybeans are up 13 1/4 cents, March KC wheat is up 9 cents, March Chicago wheat is up 9 1/2 cents and MIAX May Minneapolis wheat is up 2 1/2 cents. The Dow Jones Industrial Average is down 440.70 points. The U.S. Dollar Index is up 0.090 and March crude oil is down $1.34 per barrel. April gold is down $185.60 per ounce. At midmorning the soybean complex is extremely strong, fueled by comments in the South China Post that Presidents Trump and Xi would likely move to extend the trade truce when they meet in early April. Corn and wheat are also stronger on likely short-covering.

Posted 08:31 -- March corn is up 1 3/4 cents per bushel, March soybeans are up 11 1/2 cents, March KC wheat is up 2 1/2 cents, March Chicago wheat is up 1 1/2 cents and MIAX May Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is up 224.83 points. The U.S. Dollar Index is down 0.040 and March crude oil is down $0.37 per barrel. April gold is down $16.30 per ounce. USDA: private exporters reported sales of 108,000 mt (4 million bushels) of soybeans to Egypt for 2025/2026. Corn, wheat and the soy complex are all higher early Thursday. Export sales on corn and wheat continue to outperform expectations.

Livestock

Posted 11:43 -- April live cattle are down $0.50 at $240.475, March feeder cattle are down $2.15 at $365.3, April lean hogs are down $2.33 at $91.525, March corn is up 2 1/4 cents per bushel and March soybean meal is up $4.30. The Dow Jones Industrial Average is down 531.10 points and NASDAQ is down 313.72 points. The livestock complex is trading fully lower into Thursday's noon hour as traders are waiting to see what's going to develop in this week's fed cash cattle market, and traders are concerned about an overabundance of supply in the hog sector. Still no cash cattle trade has developed, and at this point it's looking like trade will be delayed until Friday.

Posted 08:36 -- April live cattle are down $0.40 at $240.575, March feeder cattle are up $0.03 at $367.475, April lean hogs are down $0.38 at $93.475, March corn is up 2 1/4 cents per bushel and March soybean meal is up $3.30. The Dow Jones Industrial Average is up 185.70 points and NASDAQ is up 79.77 points. Beef net sales of 15,700 mt for 2026 were down 21% from the previous week and 1% from the prior 4-week average. The three largest buyers were South Korea (7,800 mt), Japan (1,900 mt) and Mexico (1,800 mt). Pork net sales of 28,600 mt for 2026 were down 18% from the previous week and 24% from the prior 4-week average. The three largest buyers were Mexico (12,000 mt), Japan (7,100 mt) and Colombia (1,700 mt).

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