DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:51 -- May corn is up 1 1/4 cents per bushel, May soybeans are up 6 1/4 cents, May KC wheat is up 12 1/4 cents, May Chicago wheat is up 9 cents and MIAX May Minneapolis wheat is up 4 1/2 cents. The Dow Jones Industrial Average is down 439.19 points. The U.S. Dollar Index is up 0.340 and May crude oil is up $4.92 per barrel. April gold is down $171.50 per ounce. Heading into the Thursday close, all of the grain and soy markets are higher, led by bean oil and KC wheat. The former is rallying again for the twelfth time in the past 14 days on a bullish biofuel policy expected and the latter on expanding drought conditions in the Western and Southern Plains. Rising crude oil and falling equities suggest little has changed in the Iran conflict.

Posted 10:32 -- May corn is down 1 3/4 cents per bushel, May soybeans are up 3 3/4 cents, May KC wheat is up 4 1/2 cents, May Chicago wheat is up 1 1/2 cents and MIAX May Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is down 196.77 points. The U.S. Dollar Index is up 0.200 and May crude oil is up $3.97 per barrel. April gold is down $110.50 per ounce. Corn and meal are a bit lower while wheat and soybeans are higher and bean oil is surging. Wheat is firm on the expanding dryness in the Western and Southern Plains hard red areas.

Posted 08:33 -- May corn is down 3 cents per bushel, May soybeans are up 1 cent, May KC wheat is up 2 1/4 cents, May Chicago wheat is down 2 cents and MIAX May Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is down 257.46 points. The U.S. Dollar Index is up 0.200 and May crude oil is up $3.50 per barrel. April gold is down $111.50 per ounce. Corn and wheat are mixed to mostly lower with bean oil and beans slightly firm to start. Expect the war-related volatility and uncertainty to continue.

Livestock

Posted 11:33 -- June live cattle are down $0.65 at $233.2, April feeder cattle are up $0.78 at $354.125, June lean hogs are up $0.10 at $104.225, May corn is down 1 1/2 cents per bushel and May soybean meal is up $2.00. The Dow Jones Industrial Average is down 363.87 points and NASDAQ is down 317.26 points. Bids of $233 live have surfaced in Texas and $372 dressed in Nebraska, but no cattle have traded yet. Asking prices are noted at $238 to $240 in Texas.

Posted 08:36 -- June live cattle are down $0.88 at $232.975, April feeder cattle are down $0.98 at $352.375, June lean hogs are up $0.08 at $104.2, May corn is down 2 1/4 cents per bushel and May soybean meal is up $0.80. The Dow Jones Industrial Average is down 186.92 points and NASDAQ is down 242.09 points. Beef net sales of 10,700 mt for 2026 were up noticeably from the previous week, but down 19% from the prior 4-week average. The three largest buyers were Japan (2,900 mt), Taiwan (1,600 mt) and South Korea (1,600 mt). Pork net sales of 40,300 mt for 2026 were up 43% from the previous week and 23% from the prior 4-week average. The three largest buyers were Mexico (14,100 mt), China (9,700 mt) and Japan (5,800 mt).

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