Grains Lower with Technical Selling, Demand Woes, Holiday Trade: Cattle see Profit Taking, Hogs Mixed

Grains lower on light preholiday volume. Demand concerns & China’s rising COVID cases caused light technical selling. Cattle saw profit taking pressure with hogs mixed. Michelle Rook w/ Randy Martinson, Martinson Ag.

Grain markets lower on Tuesday on light preholiday volume. Demand concerns and China’s rising COVID cases caused light technical selling. Cattle saw profit taking pressure with hogs mixed. Michelle Rook with Randy Martinson of Martinson Ag.

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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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