Grains and Livestock Futures Markets: A Mid-Week Update
DTN's Quick Takes
February 4, 2026 | 12:50 PM CST
OMAHA (DTN) -- The markets are in flux as we approach Wednesday's close. Soybeans and soy products are holding significant gains, with President Trump's comments about China buying an additional 8 million metric tons of soybeans from the U.S. and the proposed rules for 45Z credits creating a positive carryover effect. However, the real question is whether China will follow through with these purchases, especially with Brazilian beans being so much cheaper.
Corn and wheat prices are lower, with the USDA reporting sales of 130,480 metric tons of corn to unknown destinations for the 2025/2026 season. The weather in Argentina is expected to improve, which could impact grain markets. The livestock complex is also experiencing a mixed start, with live cattle prices down slightly, feeder cattle up, and lean hogs showing an increase. The fundamental support remains strong, but traders are cautious, awaiting further market signals.
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