# Soybeans Settle up 8¢ | Wednesday, July 3, 2024

> November soybeans closed up 8.5 cents on July 3 with soy oil up for a sixth straight day, while December corn fell 1.75 cents and CBOT, KC and Minneapolis wheat all closed lower. Grain and livestock markets were closed for the July 4 holiday on the day the report was issued, with live cattle and feeder cattle higher in the session.

- Date: 2024-07-03 · published 2024-07-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12752-soybeans-settle-up-8-wednesday-july-3-2024
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Soy oil strength continued to lift soybeans, while corn and wheat remained under pressure from weather and harvest supply. Feed grain buyers face a mixed picture with soybean-linked feed ingredients firmer.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-07-08 | 5 | +10.4% | 2.8 | Soyoil was up a sixth straight day on July 3, showing momentum through the window. |

## Sources

- agriculture.com: https://www.agriculture.com/soybeans-up-7cent-or-wednesday-july-3-2024-8673277

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