DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Heading for the Monday close, corn and soybeans have given up much of the early gain with May beans up 1/2 cent and May corn up a penny. Wheat is under pressure with Chicago May off 4 1/2 cents. Equities are down hard with the Dow Jones average now down close to 650 points.

Posted 10:35 -- At midmorning, corn and soy markets have recovered while wheat is mixed with May corn up 4 1/2 cents, May soybeans up 11 and Kansas City May is down 3.

Posted 08:33 -- Grain and soy markets are lower to start the new week. Precise quotes unavailable at this time. USDA reported private export sales of 125,000 mt (4.9 mb) of corn to Colombia for 2025-26. Grain and soy markets are lower to start the new week.

Posted 19:08 Sunday -- March corn is down 3/4 cents, and March soybeans are down 4 3/4 cents. March KC wheat is down 2 1/4 cents, March Chicago wheat is down 2 3/4 cents, and March MIAX Minneapolis wheat is down 4 cents. April crude oil is down $0.84, and Dow Jones futures are down 251 points. The U.S. Dollar Index is down 0.42, and April gold is up $89.10. Row-crop futures are lower to begin the new week, with soybeans and wheat futures leading the losses thus far. Soybeans and soybean oil markets are overbought from a technical standpoint, so a profit-taking correction would not be too surprising, especially as Brazil's harvest continues to advance. Wheat futures jumped last week to the highest price for most active KC futures since March 2025 and will likely look to retest support through the coming week. Lastly, corn futures have been very choppy over the past month amid a general lack of market-driving news and a multiyear high in reserves weighing on bullish momentum.

Livestock

Posted 11:48 -- April live cattle are down $2.75 at $239.25, April feeder cattle are down $4.20 at $360.85 and April lean hogs are up $0.57 at $94.25. The Dow Jones Industrial Average is down 819.11 point and the NASDAQ is down 289.93 points. It's been an exhausting morning for the cattle complex as external factors are driving the contracts lower, but with a slight uptick in pork demand, the lean hog contracts continue to move higher. New showlists appear to be mixed, lower in Kansas and Texas, but higher in Nebraska/Colorado.

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