Grains Higher with Cotton Limit Up as China May Relax COVID Policies: Consolidation Continues in Cattle

Grains were higher with cotton limit up on news China may relax its COVID policy. Cattle consolidate ahead of the Fed decision. Michelle Rook talks to John Payne of Hedge Point Global Markets.

Grains were higher with cotton limit up on news China may relax its COVID policy. Southern Hemisphere news was also supportive including the election protest in Brazil. Cattle continue to consolidate ahead of the Fed decision. Michelle Rook is joined by John Payne of Hedge Point Global Markets.

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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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