# Market Closes - July 20, 2020 - Kentucky Farm Bureau

> On July 20, 2020 CBOT corn, wheat and soybean futures closed lower or mixed, while soybeans and soybean oil closed higher. Soybeans rose on a China export sale announced that morning, and soybean oil rallied on strong palm oil and Chinese rapeseed oil prices. Live cattle, feeder cattle, hogs and milk closed mostly lower.

- Date: 2020-07-20 · published 2020-07-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6209-market-closes-july-20-2020-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.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

A confirmed China soybean purchase supports bean prices, while weaker corn and wheat and lower livestock prices point to softer feed grain and meat costs.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼
- LCATTLE: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-july-20-2020/

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