DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:46 -- May corn is up 6 1/4 cents per bushel, May soybeans are up 7 1/2 cents, May KC wheat is down 2 1/4 cents, May Chicago wheat is up 1 1/4 cents and MIAX May Minneapolis wheat is up 2 3/4 cents. The Dow Jones Industrial Average is down 387.80 points. The U.S. Dollar Index is down 0.700 and May crude oil is up $0.44 per barrel. April gold is down $282.90 per ounce. Heading to the Thursday close, corn, soybeans and soymeal are still sharply higher with bean oil lower and wheat mixed. Rumors that the EPA will not release the RVOs on March 27 have traders unwinding out of long oil-short meal spreads. Funds have been big buyers of both corn and meal Thursday.

Posted 10:32 -- May corn is up 6 1/4 cents per bushel, May soybeans are up 3/4 cent, May KC wheat is down 2 1/2 cents, May Chicago wheat is up 3 1/4 cents and MIAX May Minneapolis wheat is unchanged. The Dow Jones Industrial Average is down 363.14 points. The U.S. Dollar Index is down 0.330 and May crude oil is up $0.61 per barrel. April gold is down $311.20 per ounce. At midmorning, grain and soy markets continue to be mostly very strong, with the exception of KC wheat and bean oil. Soybean meal is leading the way higher. With attacks on energy facilities from both sides, concern is mounting for costs of fuel, fertilizer and transportation just ahead of planting. The closure of the Strait of Hormuz has impacted 20% of the world's oil supply and is impacting fertilizer shipments. Wednesday's hits on natural gas facilities sent EU gas prices 35% higher.

Posted 08:35 -- May corn is up 2 1/2 cents and May soybeans are up 1/4 cents. May KC wheat is down 4 1/2 cents, May Chicago wheat is up 1 cents, and May MIAX Minneapolis wheat is up 1/2 cents. May crude oil is up $1.16 and Dow Jones futures are down 293 points. The U.S. Dollar Index is down 0.04 and April gold is down $325.40. On the open for Thursday, U.S. row-crop futures are modestly higher, again supported primarily by firm energy markets as the war in the Middle East has pivoted in the past 24 to 48 hours into a series of attacks against energy infrastructure in the region. Meanwhile, export sales for the week ended March 12 were mixed, with a five-week low in soybean sales likely adding to trade anxiety in that market given the week-opening news regarding the postponement of President Trump's visit to China.

Livestock

Posted 11:27 -- April live cattle are down $1.90 at $233.5, April feeder cattle are down $4.78 at $349.05, April lean hogs are down $0.98 at $92.775, May corn is up 4 cents per bushel and May soybean meal is up $12.50. The Dow Jones Industrial Average is down 349.74 points and NASDAQ is down 168.50 points. The livestock complex is trading lower into Thursday's noon hour as traders simply don't see enough support to justify pushing contracts higher. A single bid is currently on the table in Nebraska, but no cattle have traded yet.

Posted 08:37 -- April live cattle are down $1.88 at $233.525, April feeder cattle are down $3.25 at $350.575, April lean hogs are down $0.50 at $93.25, May corn is up 2 1/2 cents per bushel and May soybean meal is up $7.20. The Dow Jones Industrial Average is down 297.04 points and NASDAQ is down 272.45 points. Thursday's export report shared that beef net sales of 3,200 mt for 2026 -- a marketing year low -- were down 87% from the previous week and 80% from the prior 4-week average. The three largest buyers were Japan (3,800 mt), Hong Kong (1,600 mt) and Taiwan (800 mt). Pork net sales of 28,300 mt for 2026 were up 19% from the previous week and down 13% from the 4-week average. The three largest buyers were Mexico (7,500 mt), South Korea (5,700 mt) and China (3,500 mt).

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