Grains End Mostly Higher but Soybeans Fail Above $15: Live Cattle Also Make New Contract Highs and Fade

Grains end mostly higher putting in SA weather premium, but soybeans can’t close above $15. Live cattle make new contract highs and fail. Matt Bennett of AgMarket.Net has insight.

Grains end mostly higher putting in SA weather premium, but soybeans can’t close above $15. Live cattle make new contract highs and fail. Matt Bennett of AgMarket.Net has insight.

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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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