Grains Lower on Forecasted Rains, Profit Taking EOQ and Pre-Report: Cattle Surge on Lower Corn

Grains lower ignoring lower crop ratings as funds take profits on forecasted rains, EOQ and pre-USDA reports. Cattle surge on lower corn, hogs are mixed but may be topping. Chuck Shelby, Risk Management Commodities.

Grains lower ignoring lower crop ratings as funds take profits with forecasted rains, EOQ and going into USDA reports. Cattle surge on lower corn, while hogs are mixed but may be close to a top. Chuck Shelby, Risk Management Commodities has more.

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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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