DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is up 10 1/4 cents per bushel, May soybeans are up 7 3/4 cents, May KC wheat is up 24 1/2 cents, May Chicago wheat is up 17 1/4 cents and MIAX May Minneapolis wheat is up 19 1/4 cents. The Dow Jones Industrial Average is down 447.53 points. The U.S. Dollar Index is up 0.240 and April crude oil is up $1.08 per barrel. April gold is down $106.20 per ounce. As we head to the Wednesday closing bell, grain and soy markets are solidly higher. Funds have once again returned to buy as the Iran war has extended longer than early expectations. Wheat is leading the pack higher as very warm and dry conditions look like they'll stick around for weeks in the Plains wheat areas. Funds have bought more than 20,000 contracts of corn, Chicago wheat and the soy complex as of noon CDT.

Posted 10:28 -- May corn is up 5 3/4 cents per bushel, May soybeans are up 2 3/4 cents, May KC wheat is up 16 1/4 cents, May Chicago wheat is up 12 cents and MIAX May Minneapolis wheat is up 14 1/2 cents. The Dow Jones Industrial Average is down 390.86 points. The U.S. Dollar Index is up 0.210 and April crude oil is up $2.98 per barrel. April gold is down $131.10 per ounce. At midmorning, all of the grain and soy markets have overcome early weakness to trade higher with wheat and corn leading the way up. Crude oil has rallied $8 above the low and is soon to challenge $100 again. Corn used for ethanol slipped by 33,000 barrels per day last week to 1.093 million barrels per day while inventory rose by 827,000 barrels.

Posted 08:32 -- May corn is up 3 1/4 cents per bushel, May soybeans are up 2 1/4 cents, May KC wheat is up 11 cents, May Chicago wheat is up 8 1/4 cents and MIAX May Minneapolis wheat is up 8 1/2 cents. The Dow Jones Industrial Average is down 175.44 points. The U.S. Dollar Index is up 0.300 and April crude oil is up $2.05 per barrel. April gold is down $149.00 per ounce. USDA: Private exporters reported sales of 120,000 mt of soybean cake and meal to unknown destinations for 2026-27. Grain and soy markets have recovered from overnight weakness along with crude oil as word that Israel had hit some oil and natural gas fields in Iran spread.

Livestock

Posted 11:46 -- April live cattle are down $0.18 at $235.05, April feeder cattle are down $1.33 at $353.475, April lean hogs are down $0.20 at $93.525, May corn is up 7 3/4 cents per bushel and May soybean meal is up $4.60. The Dow Jones Industrial Average is down 441.58 points and NASDAQ is down 164.85 points. The livestock complex is trading lower into Wednesday's noon hour as traders look for furthered fundamental support before they advance the contracts any higher. A few bids have surfaced in the fed cash cattle market but still no cattle have traded.

Posted 08:40 -- April live cattle are down $0.30 at $234.925, April feeder cattle are down $1.60 at $353.2, April lean hogs are down $0.10 at $93.625, May corn is up 2 3/4 cents per bushel and May soybean meal is up $0.30. The Dow Jones Industrial Average is down 193.47 points and NASDAQ is down 51.03 points. Following two days of a sizeable rally, the livestock complex is off to a hesitant start at Wednesday's open. No cash cattle trade has developed and both bids and asking prices remain elusive at this point.

(c) Copyright 2026 DTN, LLC. All rights reserved.