DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 19:06 on 4/19/2026 -- May corn is up 1 1/2 cents and May soybeans are up 1 1/2 cents. May KC wheat is up 7 cents, May Chicago wheat is up 4 cents, and May MIAX Minneapolis wheat is up 2 1/4 cents. June crude oil is up $6.11 and Dow Jones futures are down 485 points. The U.S. Dollar Index is up 0.20 and June gold is down $109.10. Row crop markets are higher to begin the new week, taking strength from surging energy markets. Wheat futures are also higher on concerning weather and conditions across the U.S. Plains, including freezing temps early in the weekend. Meanwhile, it took less than 72 hours for the pendulum to once again swing the other direction regarding the conflict in the Middle East, with Iran reversing on their Friday announcement that the Strait of Hormuz was open to commercial traffic, citing the U.S. blockade as the reasoning. It was also reported on Sunday that the U.S. has seized an Iranian vessel in the Strait. Vice President Vance heads to Pakistan again on Monday for a new round of negotiations ahead of the ceasefire expiration on Tuesday, though it is unclear if Iran will take part. Otherwise, traders will continue to eye planting progress and early growing season weather in the U.S., with the next USDA Crop Progress update due out Monday afternoon at 3 p.m. CDT.

Livestock

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