# Market Closes - March 1, 2018 - Kentucky Farm Bureau

> CBOT futures rallied on March 1, 2018, led by wheat, after dry weather in the US Plains and Argentina. Wheat broke above chart resistance and short covering added to the gains, while corn and soybeans also rose. Lean hogs closed lower on weak pork values.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [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

Dry Plains weather threatens hard red winter wheat yields and Argentine weather threatens soy and corn, supporting feed grain and meal prices. Weak pork values point to softer hog prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 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) | +6.3% | +10.2% |
| KWHEAT | 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) | -1.0% | +8.6% |
| KWHEAT | 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) | -1.7% | -0.7% |
| KWHEAT | 2018-02-28 | [Daily market wire 2 March 2018 - Grain Central](https://feedsoft.ai/events/12436-daily-market-wire-2-march-2018-grain-central.md) | +8.2% | -5.1% |
| KWHEAT | 2025-03-17 | [Daily Market Wire 18 March 2025 - Grain Central](https://feedsoft.ai/events/5625-daily-market-wire-18-march-2025-grain-central.md) | +2.7% | -1.0% |
| 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 | 2016-08-03 | [Market Closes - August 3, 2016 - Kentucky Farm Bureau](https://feedsoft.ai/events/11076-market-closes-august-3-2016-kentucky-farm-bureau.md) | +0.2% | -3.3% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-march-1-2018/

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