Grains Mixed After Early Profit Taking: Livestock Mostly Higher with Short Covering, Despite Soft Cash

Grains mixed after early profit taking, Argentina rains, but are working on higher weekly closes. Livestock are mostly higher on short covering, despite soft cash. John Heinberg of Total Farm Marketing has more.

Grains have turned mixed after early profit taking, Argentina rains, but are working on higher weekly closes. Cattle and hogs are mostly higher on short covering, despite soft cash. John Heinberg of Total Farm Marketing has details.

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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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