Grains Lower on U.S. and SA Weather with Soybeans Below $15: Livestock Higher with Lower Corn and Friendly COF

Grains lower with technical selling and improved weather in Argentina and the Southern Plains. Livestock higher with lower corn and friendly COF numbers. Michelle Rook has midday analysis.

Grains lower with technical selling and improved weather in Argentina and the Southern Plains. Livestock higher with lower corn and friendly COF numbers. Michelle Rook has midday analysis.

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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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