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CBOT grains closed sharply higher on July 1, 2020, led by corn at three-month highs after the USDA's bullish acreage report. Soybeans rallied on fund buying and forecasts for warmer, drier weather, and wheat followed corn.
Lean hogs closed lower on backed-up supplies, while live cattle finished higher.
Smaller acreage and hotter, drier forecasts tighten expected feed grain supplies and support corn, soybean and wheat prices. Heavier hog supplies keep pressure on pork values and feed demand for hogs.
kyfb.comJul 1, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
