Grains Lean Lower on Technical Selling, Harvest Pressure, Demand Concerns: Livestock See Fund Buying with Strong Fundamentals

Grains mostly lower on technical selling and demand/export concerns but still rangebound. Livestock up with technical buying and strong fundamentals. Michelle Rook talks with Steve Freed ADM Investor Services.

Grains continue to be mostly lower on fund liquidation, harvest pressure, rain changes in the South Plains and demand concerns. Yet grains are still rangebound. Livestock futures continue to see technical buying and strong fundamentals but how far will those markets extend? Michelle Rook talks with Steve Freed ADM Investor Services.

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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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