Grains Mixed Early: Livestock See Follow Through Selling Pressure

Grains mixed early with soybeans consolidating despite strong weekly exports, technical buying supports wheat and corn. Livestock see more consolidation with lower products. Kent Beadle with Paradigm Futures.

Grains mixed early with soybeans consolidating despite strong weekly exports, technical buying supporting wheat and corn. Livestock see follow through selling, profit taking and hedge pressure with lower product values. Kent Beadle with Paradigm Futures.

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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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