Grains Mostly Lower on Profit Taking, Brazil Rain Chances, Outside Markets: Cattle Up for Third Day with Help from Equities

Grains mostly lower on profit taking, rain chances in Brazil and spillover from outside markets. Cattle higher with help from the equity rally. Hogs correct. John Heinberg, Total Farm Marketing, has more.

Grains mostly lower on profit taking, rain chances in Brazil and spillover from outside markets with the lower crude oil and the firmer dollar. Cattle higher for the third day with help from the equity rally, but will it last if the COF is bearish? Hogs see a correction. John Heinberg, Total Farm Marketing, has more.

AgWeb-Logo crop
Related Stories
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.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Get News Daily
Get Market Alerts
Get News & Markets App