DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 12:38 -- May corn is up 2 1/2 cents per bushel, May soybeans are up 9 1/2 cents, July KC wheat is up 8 3/4 cents, July Chicago wheat is up 7 1/2 cents and MIAX July Minneapolis wheat is up10 1/4 cents. The Dow Jones Industrial Average is down 167.36 points. The U.S. Dollar Index is up 0.330 and June crude oil is up $3.22 per barrel. June gold is down $103.20 per ounce. Heading into the Wednesday close, bean oil is surging along with crude, and beans, corn and wheat are all higher. Gold is falling hard and the stock market has reversed early strength. Traders are anxiously awaiting news from the peace talks in Pakistan.

Posted 10:24 -- May corn is up 2 cents per bushel, May soybeans are up 11 3/4 cents, July KC wheat is up 3/4 cent, July Chicago wheat is up 1 1/4 cents and MIAX July Minneapolis wheat is up 4 1/2 cents. The Dow Jones Industrial Average is down 59.56 points. The U.S. Dollar Index is up 0.210 and June crude oil is up $1.79 per barrel. June gold is down $61.00 per ounce. At midmorning, soybean oil is flying higher, setting another new high, leading to a sharp soybean rally. Crude oil futures have reversed early weakness to trade nearly $3 per barrel higher, likely on uncertainty regarding ongoing peace negotiations in Pakistan. Corn and the three wheat markets are just modestly higher after a weak start.

Posted 08:33 -- May corn is up 3/4 cent per bushel, May soybeans are up 5 1/4 cents, July KC wheat is down 2 3/4 cents, July Chicago wheat is down 2 1/2 cents and MIAX July Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average is up 245.03 points. The U.S. Dollar Index is up 0.080 and June crude oil is down $0.56 per barrel. June gold is down $32.90 per ounce. USDA: Private exporters reported the following sales activity: 100,000 mt (3.9 mb) of corn to Colombia for 2025/2026 and 195,000 mt (7.7 mb) of corn to unknown destinations for 2025/2026. Corn is little changed, wheat mixed to lower, and soybeans and bean oil higher as traders await any news from peace talks in Pakistan.

Livestock

Posted 11:38 -- June live cattle are down $1.00 at $245.075, May feeder cattle are down $1.00 at $360.1, June lean hogs are up $1.45 at $103.175, May corn is up 1 3/4 cents per bushel and July soybean meal is down $0.90. The Dow Jones Industrial Average is down 45.75 points and NASDAQ is down 42.37 points. With yet another new case of New World screwworm being detected just 60 miles away from the Texas border, the cattle contracts are trading lower. There's a single bid currently on the table in Kansas at $246, but no cattle have traded yet.

Posted 08:34 -- June live cattle are down $0.73 at $245.35, May feeder cattle are down $0.63 at $360.475, June lean hogs are up $1.38 at $103.1, May corn is up 1 cent per bushel and July soybean meal is down $0.50. The Dow Jones Industrial Average is up 252.32 points and NASDAQ is up 30.90 points. The livestock complex is off to a mixed start as the cattle contracts continue to trade lower while the hog complex is trading modestly higher. Still no cash cattle trade has developed, and both bids and asking prices remain elusive at this point.

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