Cattle Make New Highs, Hogs Test Resistance: Grains Slide Ahead of WASDE

Cattle hitting new contract highs again on bullish cash ideas, tight supplies. Hogs test resistance. Grains lower pre-WASDE, with disappointment about crop ratings. Brad Kooima, Kooima Kooima Varilek has more.

Cattle hitting new contract highs again on bullish cash ideas, tight supplies. Hogs test the upper end of the trading range on the charts. Will they break through? Grains lower positioning ahead of the WASDE, with some disappointment about crop ratings. Brad Kooima, Kooima Kooima Varilek has more.

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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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