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On June 2, 2016 CBOT futures closed steady to sharply higher, led by soybean meal and soybeans. Corn closed near the day's lows despite new highs earlier, and wheat closed above its May range on excessive rain in the southern Plains.
Cattle and hog futures also closed higher.
Strong soybean and meal demand, fund buying and southern Plains rain support feed prices, while strength in cattle and hogs signals firm livestock demand for feed.
kyfb.comJun 2, 2016Not 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.
