# Market Closes - January 17, 2017 - Kentucky Farm Bureau

> CBOT futures closed strongly higher, with old-crop soybeans up over 2% and soybean meal up over 4%. Corn and wheat gained almost 2%, and live cattle traded to new highs. Heavy rain in Argentina reduced expected soybean acreage, and a sharply weaker US dollar drew in spec buying.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11024-market-closes-january-17-2017-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Argentine crop losses and a weaker dollar lift US-priced feed ingredients, while cattle gains reflect tighter feedlot supplies.

## Read by commodity

- DXY: bearish ▼
- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-04 | [Market Closes - January 4, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/5773-market-closes-january-4-2022-kentucky-farm-bureau.md) | +2.3% | +13.7% |
| SOY | 2018-03-01 | [Market Closes - March 1, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau.md) | +1.0% | -2.6% |
| SOY | 2018-04-05 | [Market Closes - April 5, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10071-market-closes-april-5-2018-kentucky-farm-bureau.md) | +3.2% | +1.7% |
| SOY | 2022-04-18 | [Market Closes - April 18, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/5954-market-closes-april-18-2022-kentucky-farm-bureau.md) | +2.0% | +2.4% |
| SOY | 2020-10-19 | [Market Closes - October 19, 2020 - Kentucky Farm Bureau](https://feedsoft.ai/events/8110-market-closes-october-19-2020-kentucky-farm-bureau.md) | +3.2% | +8.7% |
| SBM | 2020-10-19 | [Market Closes - October 19, 2020 - Kentucky Farm Bureau](https://feedsoft.ai/events/8110-market-closes-october-19-2020-kentucky-farm-bureau.md) | +5.1% | +5.6% |
| SBM | 2022-01-05 | [After the Bell \| January 5, 2022 - Pro Farmer](https://feedsoft.ai/events/5771-after-the-bell-january-5-2022-pro-farmer.md) | +0.0% | +2.1% |
| SBM | 2022-01-27 | [Market Perspectives – January 27, 2022 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14967-market-perspectives-january-27-2022-page-7-of-10-u-s-grains-and-bioproducts.md) | +7.8% | +15.4% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-january-17-2017/

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