# Market Closes - August 3, 2016 - Kentucky Farm Bureau

> CBOT wheat led grains higher while corn and soybeans finished near unchanged on good export sales. Wheat was supported by short covering and reports of EU wheat price increases after wet-weather production cuts. Lean hogs closed lower on weaker cash prices and the August contract hit a new contract low.

- Date: 2016-08-03 · published 2016-08-03T12:00:00.000Z
- Category: weather · region Europe · magnitude low
- Page: https://feedsoft.ai/events/11076-market-closes-august-3-2016-kentucky-farm-bureau
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

EU production cuts from wet weather support wheat prices, while weak cash hogs pressure hog futures and demand for hog feed.

## Read by commodity

- SOY: neutral
- CORN: neutral
- HOGS: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | +1.2% | +0.1% |
| WHEAT | 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) | +0.6% | +6.9% |
| WHEAT | 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) | -0.7% | +7.2% |
| WHEAT | 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) | +1.2% | -1.1% |
| WHEAT | 2022-08-30 | [Arable Market Report - 30 August 2022 \| AHDB](https://feedsoft.ai/events/40115-arable-market-report-30-august-2022-ahdb.md) | -2.3% | +2.6% |
| CORN | 2020-08-16 | [Grain Market Update 17th August - Irish Farmers' Association](https://feedsoft.ai/events/11342-grain-market-update-17th-august-irish-farmers-association.md) | +1.3% | +9.3% |
| CORN | 2016-07-14 | [UT Crop Market Update 7/14/2016 \| UT Crops News](https://feedsoft.ai/events/4941-ut-crop-market-update-7-14-2016-ut-crops-news.md) | +3.9% | -0.6% |
| CORN | 2021-06-18 | [STEVE KELL: Sell on rumour in a weather market \| FarmersForum.com](https://feedsoft.ai/events/46624-steve-kell-sell-on-rumour-in-a-weather-market-farmersforum-com.md) | +0.3% | -5.2% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-august-3-2016/

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