Grains Lean Lower on Technical Selling, Profit Taking in Beans: Cattle Consolidate, While Hogs See More Selling Pressure

Grains mostly lower on follow through technical selling and profit taking in beans. Cattle 2-sided with slight consolidation after new highs. Hogs lower on rising supplies. DuWayne Bosse of Bolt Marketing has more.

Grains mostly lower with follow through technical selling and optimism about the Black Sea Export Deal. Soybean see some profit taking after hitting chart resistance, despite new highs in meal. Report positioning may also be a factor. Cattle trade two sided early as breaks seem to be bought with strong fundamentals intact. Hogs lower again with rising supplies and the futures premium to the LHI. DuWayne Bosse of Bolt Marketing has details.

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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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