# Market Closes - July 13, 2020 - Kentucky Farm Bureau

> Corn, soybeans, wheat, and soymeal closed lower on July 13, 2020, as weekend rains and forecasts for more removed weather risk premium. Corn and soybean crop ratings improved to 69% and 68% good/excellent, and feeder cattle futures made strong gains.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4468-market-closes-july-13-2020-kentucky-farm-bureau
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Improving crop conditions and rain forecasts reduce supply risk, pressuring grain and meal prices. Firmer feeder cattle prices reflect separate cattle market demand.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-07-12 | 1 | -2.6% | -3.7 | Soymeal closed lower on July 13 as weekend rains and forecasts removed weather risk premium, consistent with the downside move, though the date falls just after the window. |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-july-13-2020/
- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-july-14-2020/

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