# Market Closes - January 20, 2022 - Kentucky Farm Bureau

> CBOT closed mixed on January 20, 2022, with soybeans and soybean oil leading higher on South American production concerns and record palm oil prices. Corn traded near unchanged, wheat closed lower on profit-taking, and live cattle and feeder cattle closed slightly lower ahead of the Cattle on Feed report.

- Date: 2022-01-20 · published 2022-01-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11813-market-closes-january-20-2022-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Soybean meal and oil strength reflects tight vegetable oil supplies, while the cattle complex's softness ahead of the report signals near-term caution in feeder demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-january-20-2022/

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