DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:46 -- May corn is up 10 1/4 cents per bushel, May soybeans are up 11 cents, May KC wheat is up 22 cents, May Chicago wheat is up 17 1/2 cents and MIAX May Minneapolis wheat is up 10 1/2 cents. The Dow Jones Industrial Average is down 979.88 points. The U.S. Dollar Index is up 0.450 and April crude oil is up $6.15 per barrel. April gold is down $45.20 per ounce. Heading for the Thursday close, funds are heavy buyers of corn and bean oil and also wheat. Rumors are floating around that Iran may have hit an oil tanker just outside of the Strait of Hormuz. Bean oil has again forged a new high on the $6+ surge in crude oil prices.

Posted 10:30 -- May corn is up 5 3/4 cents per bushel, May soybeans are up 5 cents, May KC wheat is up 15 1/4 cents, May Chicago wheat is up 10 3/4 cents and MIAX May Minneapolis wheat is up 10 1/2 cents. The Dow Jones Industrial Average is down 831.11 points. The U.S. Dollar Index is up 0.630 and April crude oil is up $4.78 per barrel. April gold is down $60.30 per ounce. At midmorning, grain and soy markets, with the exception of soymeal have extended grains, led by soybean oil -- headed for a ninth consecutive higher finish. Soaring crude oil has supported bean oil. The U.S. dollar is sharply higher and equities are down hard.

Posted 08:30 -- May corn is up 2 1/4 cents per bushel, May soybeans are up 1/4 cent, May KC wheat is up 7 cents, May Chicago wheat is up 4 3/4 cents and MIAX May Minneapolis wheat is up 3 1/2 cents. The Dow Jones Industrial Average is down 373.00 points. The U.S. Dollar Index is up 0.300 and April crude oil is up $3.07 per barrel. April gold is down $11.90 per ounce. With the exception of soymeal, grain and soy markets are mostly higher early Thursday. Crude oil is rising and equities falling again as Iran has threatened to retaliate after Wednesday it was reported that they wanted to talk to end the conflict.

Livestock

Posted 11:36 -- April live cattle are up $0.25 at $238.6, April feeder cattle are down $1.63 at $359.125, April lean hogs are down $1.43 at $95.65, May corn is up 7 cents per bushel and May soybean meal is down $0.50. The Dow Jones Industrial Average is down 973.68 points and the NASDAQ is down 229.91 points. Thursday's export report shared that beef net sales of 11,200 MT for 2026 were down 14% from the previous week and 29% from the prior 4-week average. The three largest buyers were Japan (3,300 mt), South Korea (2,300 mt) and Mexico (1,700 mt). Pork net sales of 36,100 mt for 2026 were down 15% from the previous week but up 8% from the prior 4-week average. The three largest buyers were Mexico (22,400 mt), Japan (3,800 mt) and South Korea (2,500 mt).

Posted 08:35 -- April live cattle are up $0.18 at $238.525, April feeder cattle are down $0.83 at $359.925, April lean hogs are down $0.18 at $96.9, May corn is up 3 cents per bushel and May soybean meal is down $0.70. The Dow Jones Industrial Average is down 320.74 points and NASDAQ is down 94.36 points. Following Wednesday's advancement, the cattle contracts are off to a skeptical, lower start as the market's 40-day moving average is ensuing some resistance pressure. Asking prices are noted in the South at $244, but are still not established in the North.

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