DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 19:07 on 3/8/26 -- May corn is up 5 1/2 cents, and May soybeans are up 19 3/4 cents. May KC wheat is up 10 1/4 cents, May Chicago wheat is up 13 1/2 cents, and May MIAX Minneapolis wheat is up 5 1/2 cents. April crude oil is up $16.30, and Dow Jones futures are down 785 points. The U.S. Dollar Index is up 0.55, and April gold is down $82.50. Grain markets have gapped higher on the open, again following energy futures higher, with crude oil over $100 per barrel for the first time since 2022 as the Strait of Hormuz remains shuttered by the war in the Middle East. Inflation fear is likely to be rampant in markets, and the flow of funds from equities to commodities as a hedge against that seems to be a likely strategy among investors. This week will feature the March WASDE report from USDA on Tuesday, which may prove to be little more than a blip on the radar of traders amid the more pressing geopolitical environment, and more crucial events later in March such as U.S.-China trade negotiations and a pivotal Prospective Plantings report.

Livestock

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