# Morning Market Review for June 17, 2020 - PNW Farmers Cooperative

> Corn futures fell 1 to 3 cents on favorable weather forecasts, concerns over Midwest crop conditions and lower energy prices. Soybeans, soybean oil and soybean meal also declined, while wheat was mixed.

- Date: 2020-06-17 · published 2020-06-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11069-morning-market-review-for-june-17-2020-pnw-farmers-cooperative
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Benign weather and weaker energy prices reduce the price floor for corn and soy complex products, pointing to softer feed input costs. Ethanol demand recovery is a modest offset for corn.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- pnw.coop: https://pnw.coop/story-morning-market-review-june-17-2020-22-203775

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