Grains Mixed Consolidating, Watching Outside Markets: Strong Cash Supports Cattle

Grains two-sided, consolidate watching outside markets like lower crude oil. Cattle seeing higher prices on cash strength with profit taking in hogs. Michelle Rook w/ Chuck Shelby of Risk Management

Grains see two-sided trade consolidating, while watching outside markets like crude oil which is seeing a plunge. Cattle seeing higher prices on cash strength and ahead of the report, while hogs see seasonal weakness and profit taking. Michelle Rook w/ Chuck Shelby of Risk Management Commodities.

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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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