Early weakness in grains with more technical selling after lower weekly closes, so its key for support areas to hold. Wheat is seeing the most pressure with moisture over the weekend in HRW areas. Cattle are fading the bullish Cattle on Feed Report, hogs are 2-sided. Allison Thompson of The Money Farm has details.
More Technical Selling, Moisture in HRW Areas Pressure Grains: Cattle Fade COF, Hogs 2-Sided
More technical selling in grains and chart support needs to hold. Wheat also under pressure w/moisture in HRW areas. Cattle fade a bullish COF Report, hogs 2-sided. Allison Thompson, The Money Farm 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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