# Market Closes - January 4, 2022 - Kentucky Farm Bureau

> CBOT futures closed sharply higher on deteriorating crops in Brazil and Argentina, with private analysts and Brazilian officials cutting soybean estimates. Cattle futures closed sharply lower after a corn and soy rally, and wheat rose on HRW conditions that USDA reported had deteriorated in December.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/5773-market-closes-january-4-2022-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower South American crop estimates support feed grain and soy prices. Higher corn costs pressure cattle feeding margins, which weighs on feeder and live cattle prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- KWHEAT: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-17 | [Market Closes - January 17, 2017 - Kentucky Farm Bureau](https://feedsoft.ai/events/11024-market-closes-january-17-2017-kentucky-farm-bureau.md) | +1.5% | +1.1% |
| SOY | 2022-04-18 | [Market Closes - April 18, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/5954-market-closes-april-18-2022-kentucky-farm-bureau.md) | +2.0% | +2.4% |
| SOY | 2018-03-01 | [Market Closes - March 1, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau.md) | +1.0% | -2.6% |
| SOY | 2018-04-05 | [Market Closes - April 5, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10071-market-closes-april-5-2018-kentucky-farm-bureau.md) | +3.2% | +1.7% |
| SOY | 2020-10-19 | [Market Closes - October 19, 2020 - Kentucky Farm Bureau](https://feedsoft.ai/events/8110-market-closes-october-19-2020-kentucky-farm-bureau.md) | +3.2% | +8.7% |
| CORN | 2017-01-17 | [Market Closes - January 17, 2017 - Kentucky Farm Bureau](https://feedsoft.ai/events/11024-market-closes-january-17-2017-kentucky-farm-bureau.md) | +2.6% | +3.6% |
| CORN | 2022-04-18 | [Market Closes - April 18, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/5954-market-closes-april-18-2022-kentucky-farm-bureau.md) | +2.1% | -0.0% |
| CORN | 2018-03-01 | [Market Closes - March 1, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau.md) | +0.8% | +1.3% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-january-4-2022/

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