DTN's Quick Takes
Periodic Updates on the Grains, Livestock Futures Markets
OMAHA (DTN) -- Posted 12:48 -- May corn is down 4 1/4 cents per bushel, May soybeans are down 1 1/2 cents, May KC wheat is down 2 cents, May Chicago wheat is down 9 3/4 cents and MIAX May Minneapolis wheat is up 2 1/4 cents. The Dow Jones Industrial Average is down 458.75 points. The U.S. Dollar Index is up 0.120 and April crude oil is up $4.32 per barrel. April gold is down $53.70 per ounce. As we approach the close on a very volatile Monday trading day, corn, wheat and soybeans have all given up early gains, with corn down 20 from the high, soybeans down 34 and Chicago wheat down 35 from the overnight high. Spot crude oil has fallen close to $25 per barrel from the daily high and equities have recovered some of early losses. One can only assume that the volatility will continue in the near term.
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Posted 10:31 -- May corn is down 4 cents per bushel, May soybeans are down 1 3/4 cents, May KC wheat is down 2 1/4 cents, May Chicago wheat is down 6 1/4 cents and MIAX May Minneapolis wheat is unchanged. The Dow Jones Industrial Average is down 358.10 points. The U.S. Dollar Index is up 0.110 and April crude oil is up $3.93 per barrel. April gold is down $49.30 per ounce. Grain and soy markets are fading fast with all of the markets except for bean oil now trading lower. Crude oil has now plunged $25 per barrel from the overnight high and the Dow has rallied more than 800 points from the low.
Posted 08:33 -- May corn is up 2 1/4 cents per bushel, May soybeans are up 9 1/2 cents, May KC wheat is down 1 cent, May Chicago wheat is down 2 cents and MIAX May Minneapolis wheat is up 1 3/4 cents. The Dow Jones Industrial Average is down 572.51 points. The U.S. Dollar Index is up 0.150 and April crude oil is up $7.17 per barrel. April gold is down $51.30 per ounce. Wheat and corn have given up some of the early morning gains while the soy complex remains higher but well below overnight highs. Spot crude oil, which soared to $120 overnight has fallen more than $23 per barrel from there.
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.
LivestockPosted 11:43 -- April live cattle are down $4.35 at $230.225, April feeder cattle are down $5.63 at $346., April lean hogs are down $0.75 at $94.875, May corn is down 5 cents per bushel and May soybean meal is down $3.90. The Dow Jones Industrial Average is down 336.00 points and NASDAQ is up 37.38 points. The livestock complex is trading lower as a plethora of volatility has rocked the cattle contracts specifically with it widely known now that a plant strike will indeed happen at the JBS plant in Greeley, Colorado. New showlists appear to be mixed, higher in Texas, but lower in Kansas and Nebraska/Colorado.
Posted 08:42 -- April live cattle are down $4.80 at $229.775, April feeder cattle are down $8.00 at $343.625, April lean hogs are down $1.00 at $94.625, May corn is steady and May soybean meal is steady. The Dow Jones Industrial Average is down 626.34 points and NASDAQ is down 238.25 points. The cattle complex is trading sharply lower as the market remains concerned and on edge that a plant strike at Greeley, Colorado's JBS packing plant could indeed happen. Unfortunately if a strike were to happen that would likely add increased pressure on the cash market.
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