DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- May corn is up 3/4 cent per bushel, May soybeans are up 5 cents, May KC wheat is up 2 1/2 cents, May Chicago wheat is down 4 cents and MIAX May Minneapolis wheat is up 2 3/4 cents. The Dow Jones Industrial Average is down 329.66 points. The U.S. Dollar Index is up 0.620 and April crude oil is up $3.06 per barrel. April gold is down $167.50 per ounce. Heading into the Tuesday close, soybeans, corn and KC and Minneapolis wheat have moved back into the green in two-sided trade. The rising the U.S. Dollar Index had pressured markets early as well as the advancing Brazilian soy harvest.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]

Posted 10:30 -- May corn is down 3/4 cent per bushel, May soybeans are up 1 cent, May KC wheat is down 1/2 cent, May Chicago wheat is down 7 cents and MIAX May Minneapolis wheat is up 1/4 cent. The Dow Jones Industrial Average is down 827.87 points. The U.S. Dollar Index is up 0.880 and April crude oil is up $5.45 per barrel. April gold is down $186.40 per ounce. At midmorning, all but soybeans and soy products are trading lower, pressured by outside markets with the dollar and crude oil sharply higher and equities down hard on the expanding conflict in the Middle East.

Posted 08:33 -- May corn is up 5 cents per bushel, May soybeans are up 12 1/4 cents, May KC wheat is up 6 1/4 cents, May Chicago wheat is up 1 cent and MIAX May Minneapolis wheat is up 3 1/2 cents. The Dow Jones Industrial Average is down 839.34 points. The U.S. Dollar Index is up 0.920 and April crude oil is up $5.74 per barrel. April gold is down $183.80 per ounce. USDA: private exporters reported sales of 196,000 mt (7.7 million bushels) of corn to unknown destinations for 2025-26. Grain and soy markets are all higher early Tuesday with soybeans leading the way on news the U.S. trade representatives will meet Chinese counterparts in mid-March.

Livestock

Posted 11:51 -- April live cattle are up $0.73 at $233.825, April feeder cattle are down $0.33 at $353., April lean hogs are down $0.05 at $95.525, May corn is down 1/4 cent per bushel and May soybean meal is down $0.80. The Dow Jones Industrial Average is down 567.68 points and NASDAQ is down 313.89 points. The livestock complex is trading mixed into Tuesday's noon hour as pressure still looms, but some contracts have also found modest technical support. Still no cash cattle trade has developed and both bids and asking prices remain elusive at this point.

Posted 08:36 -- April live cattle are down $0.83 at $232.275, April feeder cattle are down $1.60 at $351.725, April lean hogs are down $0.10 at $95.475, May corn is up 4 3/4 cents per bushel and May soybean meal is up $2.00. The Dow Jones Industrial Average is down 876.52 points and NASDAQ is down 413.72 points. With ample pressure still weighing against the cattle complex, it's not surprising to see the contracts again trading lower at Tuesday's start. No bids or asking prices have surfaced in the cash cattle market.

P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]