Grains and Hogs Fade Early Strength with Specs Nervous About Fed Decision: Cattle Recover

Grains give up early strength with speculators nervousness about the Fed decision tomorrow and ignoring some of the fundamentals. Cattle try to stage a technical bounce. Kent Beadle of Paradigm Futures has more.

Grains give up early strength with speculators nervousness about the Fed decision tomorrow and ignoring some of the fundamentals. Cattle try to stage a technical bounce. Funds sell the early strength in hogs, with big supplies also weighing on the market. Kent Beadle of Paradigm Futures 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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