Grains Mixed on Demand News, Dollar: Livestock Higher with Cattle Pushed by COF

Corn & wheat weaker on slow demand. Soybeans shook off the rising China COVID cases with strong export inspections. Cattle rallied on the COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.

Corn and wheat were weaker on poor export inspections and a higher dollar. Cotton was limit down with rising COVID cases, while soybeans shook off the news with strong demand. Cattle saw big gains on the bullish COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.

AgWeb-Logo crop
Related Stories
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.
Get News Daily
Get Market Alerts
Get News & Markets App