# Market Closes - August 3, 2017 - Kentucky Farm Bureau

> CBOT futures closed lower on August 3, with soybeans falling sharply on improved weather forecasts. Corn closed mid-range, and private analysts estimated a corn yield below USDA's forecast ahead of the agency's August report.

- Date: 2017-08-03 · published 2017-08-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12261-market-closes-august-3-2017-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improved weather lowers the risk premium for corn and soybeans, which weighs on feed grain prices. The private yield estimate below USDA's figure hints at tighter corn supply later.

## Read by commodity

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

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-august-3-2017/

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