# Market Closes - May 31, 2022 - Kentucky Farm Bureau

> Grain and livestock futures closed sharply lower on May 31, with July wheat limit down and corn and soybeans falling in sympathy. Traders reacted to talk of a Russian-allowed safe corridor for Ukrainian grain exports through the Black Sea, along with fast US planting progress. Cattle and hog futures also closed lower.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/6237-market-closes-may-31-2022-kentucky-farm-bureau
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Possible Black Sea export flows would add supply to world wheat and corn markets, pressuring feed grain prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | -1.8% | +6.6% |
| WHEAT | 2022-07-21 | [After the Bell \| July 21, 2022 - Pro Farmer](https://feedsoft.ai/events/12604-after-the-bell-july-21-2022-pro-farmer.md) | -11.0% | -1.2% |
| WHEAT | 2022-11-02 | [After the Bell \| November 2, 2022 - Pro Farmer](https://feedsoft.ai/events/7226-after-the-bell-november-2-2022-pro-farmer.md) | +6.5% | +7.6% |
| WHEAT | 2022-02-25 | [After the Bell \| February 25, 2022 - Pro Farmer](https://feedsoft.ai/events/8524-after-the-bell-february-25-2022-pro-farmer.md) | +9.4% | +23.7% |
| WHEAT | 2022-02-25 | [Wheat closes 75¢ lower, corn falls 35¢, soybeans plunge 69¢. Friday, February 25, 2022 28.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/8525-wheat-closes-75-lower-corn-falls-35-soybeans-plunge-69-friday-february-25-2022.md) | +9.4% | +23.7% |
| CORN | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | +1.1% | +10.2% |
| CORN | 2022-07-21 | [After the Bell \| July 21, 2022 - Pro Farmer](https://feedsoft.ai/events/12604-after-the-bell-july-21-2022-pro-farmer.md) | -5.2% | -0.3% |
| CORN | 2022-11-02 | [After the Bell \| November 2, 2022 - Pro Farmer](https://feedsoft.ai/events/7226-after-the-bell-november-2-2022-pro-farmer.md) | -1.3% | -3.7% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-may-31-2022/

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