Macroeconomics Press Corn and Wheat, Soybeans Bounce with Meal: Cattle Consolidate After COF Meltdown

Corn & wheat see technical selling on macroeconomic concerns, while soybeans put in some South American weather premium. Cattle try to recover after the COF meltdown. Arlan Suderman, StoneX recaps.

Corn and wheat see technical selling on macroeconomic concerns, while soybeans put in some South American weather premium with help from meal. Cattle try to recover after a meltdown in reaction to the COF, while hogs see more contract lows except Dec. Arlan Suderman, StoneX has the recap.

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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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