(Illustration by Nick Scalise) By DTN Analysts Posted 10:32 — March corn is up 7 1/4 cents per bushel, January soybeans are up 1/4 cent, March KC wheat is up 12 cents, March Chicago wheat is up 15 1/4 cents and March Minneapolis wheat is up 5 cents. The Dow Jones Industrial Average is up 518.81 points and February crude oil is up $1.53 per barrel. The US Dollar Index is up 0.226 and February gold is up $0.80 per ounce. The Energy Information Administration reported corn ethanol production at 1.029 million barrels/day in the week ending Dec. 16, a three-week low that is down 3% from the previous week and at the lower end of pre-report estimates. Ethanol stocks fell for the first time in five weeks from 24.4 million barrels to 24.1 million barrels, below the range of pre-report estimates while up 16.4% from a year ago. Winter wheat is seen leading all markets higher as a low-pressure system is seen entering the Central and Southern Plains with freezing temperatures seen as detrimental to wheat crops lacking snow cover. Posted 08:36 — March corn is up 2 cents per bushel, January soybeans are up 3 cents, March KC wheat is up 8 1/4 cents, March Chicago wheat is up 7 1/2 cents and March Minneapolis wheat is up 4 cents. The Dow Jones Industrial Average is up 302.09 points and February crude oil is up $1.76 per barrel. The US Dollar Index is up 0.230 and February gold is up $1.30 per ounce. Grain and soy markets are rallying in unison early on Wednesday, fueled by a major winter storm moving across the US threatening wheat and livestock. Transportation is likely to slow to a trickle over the coming few days. Argentine weather is a major market focus, with some rain chances the next few days before reverting to dryness again. OMAHA (DTN) — February live cattle are up $1.80 at $157.375, January feeder cattle are up $0.10 at $183.725, February lean hogs are up $2.85 at $87.1, March corn is up 8 1/4 cents per bushel and March soybean meal is up $3.80. The Dow Jones Industrial Average is 469.77 points. With the recent surge in live cattle prices throughout the futures complex, feedlots are even more determined now to trade cattle higher in this week’s cash market. Some bids have been offered in Kansas and Texas at $153, but that’s substantially below the asking price of $156 to $157. Trade will likely be delayed until Thursday. Posted 08:35 — February live cattle are up $0.10 at $155.675, January feeder cattle are down $0.18 at $183.45, February lean hogs are up $0.58 at $84.825, March corn is up 2 1/2 cents per bushel and March soybean meal is down $0.10. The Dow Jones Industrial Average is up 309.89 points. The livestock complex is again trading higher and this time even the feeder cattle market is joining the live cattle and lean hog markets in higher trading. The cash cattle market could see some interest Wednesday, but it’s likely that most of the week’s business takes place on Thursday. (c) Copyright 2022 DTN, LLC. All rights reserved.