Soybeans Score Reversal on Higher Products, CO, Argentina Dryness, While Wheat Sees Technical Selling: Livestock Down on Economic Concerns

Soybeans up w/ CO, product strength, Argentina drought. Wheat saw more technical selling, with corn caught in the middle. Livestock lower on economic concerns. Michelle Rook w/Tomm Pfitzenmaier, Summit Commodity.

Soybeans score reversal with crude oil, export news and dryness concerns in Argentina, plus higher product values. Wheat was lower on more technical selling and poor exports, while corn was caught in the middle. Livestock sold off on economic concerns and the lower equities. Michelle Rook gets the summary with Tomm Pfitzenmaier of Summit Commodity Brokerage.

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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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