# FCOJ Futures: Why Markets Closed Lower This Past Week

> Weekly grain futures commentary says wheat closed slightly higher on weather concerns in the US Plains and western Canada. Corn and oats closed higher as dry conditions in the Midwest raised concern over yields. The commentary expects the USDA production report to show a large harvest.

- Date: 2024-10-01 · published 2024-10-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27930-fcoj-futures-why-markets-closed-lower-this-past-week
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Dry weather concerns support near-term grain prices, but strong yield reports limit the upside. Feed buyers should watch the next USDA report for direction.

## Read by commodity

- CORN: bullish ▲
- OATS: bullish ▲
- WHEAT: bullish ▲

## Sources

- born2invest.com: https://born2invest.com/articles/fcoj-futures-closed-lower-past-week/

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