Grains Open Steady to Lower with Argentina Rains, Lower CO, Higher Dollar: Cattle Mixed, Hogs Lower

Grains open steady to lower with rains over the weekend in Argentina lower CO, higher dollar. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage.

Grains open steady to lower with rains over the weekend in Argentina holding back soybeans and meal, but they are still in uptrends. A higher dollar and lower crude oil weigh on wheat and corn. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage has details.

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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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