Grains Mixed After WASDE with Slight Increases in Yield, Production and Ending Stocks

Grains turn mixed after initially moving lower following WASDE w/slight increase in corn, soybean and cotton yields, production and ending stocks. Michelle Rook is w/Jim McCormick of AgMarket.Net.

Grains turn mixed midday after initially lower following the WASDE. USDA slightly increased corn, soybean and cotton yields, production and ending stocks. The report was a non-event for wheat. Michelle Rook gets reaction from Jim McCormick of AgMarket.Net.

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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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