DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- OMAHA (DTN) -- Posted 12:54 -- March corn is down 1 cent per bushel, March soybeans are up 5 3/4 cents, May KC wheat is up 11 1/4 cents, May Chicago wheat is up 12 1/4 cents and MIAX May Minneapolis wheat is up 7 1/4 cents. The Dow Jones Industrial Average is down 340.52 points. The U.S. Dollar Index is up 0.130 and April crude oil is up $1.45 per barrel. April gold is down $7.70 per ounce. Heading into the Thursday close, wheat and bean oil futures have extended rallies, while beans are modestly higher and corn stays lower. Wheat has seen major fund buying, likely covering shorts, with estimates at 9,000 contracts as of noon.

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Posted 10:53 -- March corn is down 2 3/4 cents per bushel, March soybeans are up 2 3/4 cents, May KC wheat is up 6 3/4 cents, May Chicago wheat is up 9 3/4 cents and MIAX May Minneapolis wheat is up 5 3/4 cents. The Dow Jones Industrial Average is down 317.66 points. The U.S. Dollar Index is up 0.220 and April crude oil is up $1.48 per barrel. April gold is up $8.60 per ounce. At midmorning, wheat remains strong, beans and bean oil higher again and corn lower. Wheat is reacting to the failed peace talks between Russia and Ukraine and the continued dryness in the Plains.

Posted 08:30 -- March corn is down 1 cent per bushel, March soybeans are down 2 cents, May KC wheat is up 5 1/2 cents, May Chicago wheat is up 5 1/2 cents and MIAX May Minneapolis wheat is up 3 3/4 cents. The Dow Jones Industrial Average is down 193.80 points. The U.S. Dollar Index is up 0.350 and April crude oil is up $1.01 per barrel. April gold is down $18.10 per ounce. Grain and soy markets are mixed, with wheat and bean oil again higher while corn, soybeans and meal leak lower.

Livestock

Posted 11:25 -- April live cattle are up $0.90 at $243.425, March feeder cattle are up $0.03 at $370.6, April lean hogs are up $0.80 at $93.35, March corn is down 2 3/4 cents per bushel and March soybean meal is up $0.50. The Dow Jones Industrial Average is down 242.03 points and NASDAQ is down 50.35 points. The cattle complex is trading mixed into Thursday's noon hour as traders try to patiently wait for the fed cash cattle market to trade. But, with a Cattle on Feed report set for Friday, there's a chance cash cattle trade may be delayed until Friday afternoon.

Posted 08:36 -- April live cattle are down $0.30 at $242.225, March feeder cattle are down $0.08 at $370.5, April lean hogs are down $0.20 at $92.35, March corn is down 3/4 cent per bushel and March soybean meal is down $1.20. The Dow Jones Industrial Average is down 174.24 points and NASDAQ is down 111.84 points. The cattle complex is off to a shaky start for the day as traders still desire to see the market trade higher, but aren't willing to push the contracts without seeing first what the cash cattle market is going to do this week. Still no bids or asking prices have surfaced, and it's assumed that trade will be delayed until Friday again this week.

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