More Fund, Technical Selling in Grains: That Supports Livestock with Cattle Hitting New Highs Ahead of COF

Fund liquidation continues in the grains. Cattle make new highs on higher cash, cutouts, lower corn, COF positioning. Hogs follow higher cutouts, strong weekly exports. Scott Varilek, Kooima Kooima Varilek has more

Fund liquidation continues in the grains with the risk off in outside markets and weak technicals. Cattle continue to make new highs with higher cash, cutouts and positioning ahead of a bullish COF Report. Hogs supported by higher cutouts and strong weekly exports. Scott Varilek of Kooima Kooima Varilek 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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