# Market Closes - July 26, 2022 - Kentucky Farm Bureau

> Kentucky Farm Bureau closing report shows CBOT corn, soybeans, wheat and soymeal closing sharply higher on July 26, 2022, with August soymeal hitting a contract high at $472/ton. Live and feeder cattle closed lower on sharp corn gains and weaker cash trade.

- Date: 2022-07-26 · published 2022-07-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11488-market-closes-july-26-2022-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), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Hot, dry Corn Belt forecasts and falling crop condition ratings support grain and meal prices, raising feed costs for buyers. Higher corn prices weigh on feeder cattle margins.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-07-28 | 5 | +12.5% | 3.3 | On July 26 CBOT soymeal closed sharply higher, with August meal at a contract high of $472, a major contributing day inside the window. |
| SOY | 2022-07-28 | 5 | +14.1% | 4.2 | CBOT soybeans and soymeal closed sharply higher on July 26, with soymeal at a contract high, confirming the momentum. |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-july-26-2022/

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