Grains Try to Hold Corrective Bounce: Cattle Up Ahead of COF Report, Profit Taking in Hogs

Grains try to hold an early technical bounce. Cattle up on COF report positioning but is the volatility topping action? Hogs see follow through profit taking. Vince Boddicker, Farmers Trading Company has more.

Grains try to hold a corrective bounce after getting oversold. Cattle back up positioning ahead of the COF report but is the volatility also topping action? Hogs see follow through selling and profit taking. Vince Boddicker, Farmers Trading Company has more.

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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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