# Market Closes - March 12, 2019 - Kentucky Farm Bureau

> Grain and oilseed futures rallied on March 12, 2019, led by Chicago and KC wheat, with technical short-covering cited as the driver. Live cattle and feeder cattle closed lower on long liquidation, while lean hogs closed higher.

- Date: 2019-03-11 · published 2019-03-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6534-market-closes-march-12-2019-kentucky-farm-bureau
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Short-covering by large speculative funds drove the grain rally, which is a technical move rather than a supply change. Feed buyers should note that cattle weakness and firmer hog futures reflect shifting demand expectations for meat and feed.

## Read by commodity

- DXY: bearish ▼
- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- HOGS: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-03-11 | 1 | +5.2% | 3.4 | Describes a technical short-covering rally led by Chicago and KC wheat, which is the likely mechanism behind a sharp one-day jump, though the stated date (March 12) is off by a day. |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-march-11-2019/
- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-march-12-2019/
- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-march-13-2019/
- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-march-14-2019/

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