Grains Lower on Technical Selling, Profit Taking: Hogs Fall with Cash and Cattle See Corrective Bounce with Lower Corn

Grains all lower on more profit taking, technical and farmer selling after the year-end rally. Cattle see a corrective bounce with the drop in corn, while hogs fall with cash. DuWayne Bosse of Bolt Marketing.

Grains all lower at midday with more profit taking, technical selling and farmer selling after the year end rally, lower crude oil is also negative. Cattle higher with the drop in corn, while hogs continue to fall looking for a cash bottom. DuWayne Bosse of Bolt Marketing 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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