Grains Higher on Technical Buying, Exports, Weather: Cattle Supported by Strong Cash and Cutouts

Grains higher on short covering, export biz and weather. Cattle mostly higher ahead of the report, with strong cash and cutouts, hogs consolidate with lower cash. John Payne of Hedge Point Global Markets.

Grains higher on short covering ahead of the holiday, export biz and weather. Cattle mostly higher heading into the report and with strong cash and cutouts, hogs consolidate with lower cash. John Payne of Hedge Point Global Markets has analysis.

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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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