DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:39 -- May corn is down 4 1/4 cents per bushel, May soybeans are up 1 1/2 cents, May KC wheat is down 7 1/4 cents, May Chicago wheat is down 8 1/4 cents and MIAX May Minneapolis wheat is down 6 cents. The Dow Jones Industrial Average is up 393.85 points. The U.S. Dollar Index is down 0.500 and May crude oil is up $0.86 per barrel. June gold is up $45.60 per ounce. Heading into Thursday's close, wheat and corn are extending losses while soybeans and bean oil are hovering just above unchanged. After a boring April WASDE report, markets will likely revert to trading on war news.

Posted 10:37 -- May corn is down 2 1/4 cents per bushel, May soybeans are up 4 1/4 cents, May KC wheat is down 2 3/4 cents, May Chicago wheat is down 2 1/2 cents and MIAX May Minneapolis wheat is down 1/4 cent. The Dow Jones Industrial Average is up 55.39 points. The U.S. Dollar Index is down 0.310 and May crude oil is up $5.27 per barrel. June gold is up $38.90 per ounce. At mid-morning, only soybeans and soybean products remain higher, while corn and wheat gave up early gains to trade in the red now. Crude oil futures remain over $6 per barrel higher as questions remain about the ceasefire.

Posted 08:31 -- May corn is up 2 1/4 cents per bushel, May soybeans are up 5 1/2 cents, May KC wheat is up 7 3/4 cents, May Chicago wheat is up 6 1/4 cents and MIAX May Minneapolis wheat is up 5 1/4 cents. The Dow Jones Industrial Average is down 211.10 points. The U.S. Dollar Index is down 0.250 and May crude oil is up $4.87 per barrel. June gold is up $1.10 per ounce. USDA: private exporters reported sales of 136,000 mt (5.4 mb) of corn to South Korea for 2025-26. Grain and soy markets are bouncing modestly as the Strait of Hormuz remains largely closed and uncertainty surrounds the ceasefire agreement. Crude oil has rallied nearly $5 per barrel this morning, resulting in war premium being added back to grains.

Livestock

Posted 11:29 -- June live cattle are down $0.33 at $245.6, May feeder cattle are up $0.15 at $368.15, June lean hogs are down $0.18 at $104.475, May corn is down 4 cents per bushel and May soybean meal is up $3.60. The Dow Jones Industrial Average is up 257.94 points and NASDAQ is up 160.76 points. Thursday's export report shared that beef net sales of 17,400 mt for 2026 were up 47% from the previous week and 36% from the prior 4-week average. The three largest buyers were South Korea (6,100 mt), Japan (6,100 mt) and Mexico (1,100 mt). Pork net sales of 31,300 mt for 2026 were down 41% from the previous week and 14% from the prior 4-week average. The three largest buyers were Mexico (14,700 mt), Japan (3,700 mt) and South Korea (1,800 mt).

Posted 08:37 -- June live cattle are down $0.43 at $245.5, May feeder cattle are down $0.55 at $367.45, June lean hogs are down $0.30 at $104.35, May corn is up 2 1/4 cents per bushel and May soybean meal is up $2.00. The Dow Jones Industrial Average is down 140.42 points and the NASDAQ is down 38.78 points. The livestock complex is again off to a weaker start, as traders desire to trade the contracts higher but need to see further fundamental support before they'll confidently do so. Still no cash cattle trade has developed, but packer interest could improve throughout the day.

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