DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:54 -- May corn is up 5 3/4 cents per bushel, May soybeans are up 22 cents, May KC wheat is up 28 1/2 cents, May Chicago wheat is up 28 cents and MIAX May Minneapolis wheat is up 18 3/4 cents. The Dow Jones Industrial Average is down 584.19 points. The U.S. Dollar Index is down 0.280 and April crude oil is up $10.56 per barrel. April gold is up $88.40 per ounce. Grain and soy markets are surging in unison, led by wheat, soybeans and soybean meal. Wheat and beans are both up over 20 cents as funds continue to buy. There is really no news other than that from the ongoing conflict, but crude oil is extending gains and up more than $10 per barrel Friday.

Posted 10:34 -- May corn is up 2 3/4 cents per bushel, May soybeans are up 13 1/2 cents, May KC wheat is up 17 cents, May Chicago wheat is up 18 3/4 cents and MIAX May Minneapolis wheat is up 9 1/2 cents. The Dow Jones Industrial Average is down 587.85 points. The U.S. Dollar Index is down 0.320 and April crude oil is up $8.02 per barrel. April gold is up $75.50 per ounce. At mid-morning, grain and soy markets continue to be risk-on as crude oil has surged again, as the Strait of Hormuz remains shut down. That has impacted roughly 20% of the world's oil and much of the fertilizer shipments from that region. Corn and soybean oil markets have retreated from overnight gains, but wheat continues to lead gains along with beans and soymeal.

Posted 08:39 -- May corn is up 5 1/4 cents and May soybeans are up 15 cents. May KC wheat is up 18 1/4 cents, May Chicago wheat is up 20 3/4 cents, and May MIAX Minneapolis wheat is up 11 cents. April crude oil is up $7.11 and Dow Jones futures are down 683 points. The U.S. Dollar Index is down 0.0 and April gold is up $39.80. Row-crop

futures are off to another hot start for Friday, finally joining in on the energy rally after a sluggish start to the week. It's a buy-first, ask-questions-later type of trade with little consideration being given to large supplies of grain around the globe. The war in the Middle East is the catalyst, as trade of energy products out of the Persian Gulf has been halted, sending crude oil prices to levels not seen since October 2023.

Livestock

Posted 11:04 -- April live cattle are down $0.75 at $237.775, April feeder cattle are down $2.60 at $356.4, April lean hogs are up $0.70 at $96.375, May corn is up 3 1/2 cents per bushel and May soybean meal is up $6.30. The Dow Jones Industrial Average is down 498.87 points and NASDAQ is down 154.77 points. A few dressed cattle sales have been reported in the North at $380, which is $3.00 lower than last week's weighted average. No sales have developed in the South yet, but bids are on the table and packer interest should continue to improve as more cattle need to trade.

Posted 08:39 -- April live cattle are down $0.80 at $237.725, April feeder cattle are down $2.48 at $356.525, April lean hogs are up $0.45 at $96.125, May corn is up 7 1/4 cents per bushel and May soybean meal is up $5.10. The Dow Jones Industrial Average is down 803.25 points and NASDAQ is down 309.70 points. In waiting for the fed cash cattle market to trade, and for hopefully some fundamental support to develop, the cattle contracts are back to trading lower. Still no cash cattle trade has developed and bids are elusive at this point.

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