DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 10:29 -- May corn is up 7 cents per bushel, May soybeans are up 21 3/4 cents, May KC wheat is up 14 1/2 cents, May Chicago wheat is up 15 cents and MIAX May Minneapolis wheat is up 9 3/4 cents. The Dow Jones Industrial Average is down 638.79 points. The U.S. Dollar Index is up 0.430 and April crude oil is up $9.36 per barrel. April gold is down $42.50 per ounce. Grain and soy markets remain very firm at midday, led by soybean oil and soybeans. The rise in crude oil, expectations for a bullish biofuel mandate from the EPA soon and optimism that China may buy more old-crop U.S. beans seems to be driving the complex.

Posted 08:30 -- May corn is up 4 3/4 cents per bushel, May soybeans are up 14 1/2 cents, May KC wheat is up 7 3/4 cents, May Chicago wheat is up 10 1/2 cents and MIAX May Minneapolis wheat is up 5 1/2 cents. The Dow Jones Industrial Average is down 541.01 points. The U.S. Dollar Index is up 0.270 and April crude oil is up $7.20 per barrel. April gold is down $6.90 per ounce. Grain and soy markets are again reacting to Middle East conflict developments and the higher crude oil market. The Strait of Hormuz remains closed and attacks seem to have escalated overnight from both sides.

Livestock

Posted 08:38 -- April live cattle are down $0.50 at $229.65, April feeder cattle are down $1.65 at $341.65, April lean hogs are down $0.15 at $95.05, May corn is up 3 3/4 cents per bushel and May soybean meal is up $3.10. The Dow Jones Industrial Average is down 591.65 points and NASDAQ is down 177.86 points. Beef net sales of 25,400 mt for 2026 -- a marketing year high -- were up noticeably from the previous week and up 87% from the prior 4-week average. The three largest buyers were South Korea (11,600 mt), Japan (5,900 mt) and Hong Kong (3,200 mt). Pork net sales of 23,700 mt for 2026 -- a marketing year low -- were down 34% form the previous week and 30% from the prior 4-week average. The three largest buyers were Mexico (5,200 mt), Japan (3,700 mt) and China (2,900 mt).

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