# Market Closes - August 10, 2020 - Kentucky Farm Bureau

> Grain and livestock futures closed mixed on August 10, with corn and soybeans gaining on short-covering ahead of USDA crop reports. Soymeal closed over $2 higher after setting contract lows, and wheat fell about 4 cents. A derecho with winds up to 112 mph hit Iowa, Illinois and Wisconsin, and crop progress showed corn and soybean development ahead of or near average.

- Date: 2020-08-10 · published 2020-08-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10681-market-closes-august-10-2020-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Derecho damage to Midwest fields and the expected USDA yield review support corn and soybean values, while wheat stays pressured by burdensome world supplies.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-august-10-2020/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.