# Market Closes - June 2, 2016 - Kentucky Farm Bureau

> 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.

- Date: 2016-06-02 · published 2016-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5268-market-closes-june-2-2016-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral
- HOGS: bullish ▲
- WHEAT: bullish ▲
- LCATTLE: bullish ▲

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-june-2-2016/

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