# Market Outlook Considerations for Week Beginning June 4, 2018

> A weekly market outlook for the week of June 4, 2018 lists soybeans consolidating with support at $9.80, corn at risk below $3.91, and wheat needing to hold $5.80. It also notes a expected Federal Reserve rate hike at the June 12-13 FOMC meeting and a 10-year Treasury yield trading range of 2.7 to 3.3 percent.

- Date: 2018-06-04 · published 2018-06-04T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/6747-market-outlook-considerations-for-week-beginning-june-4-2018
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Fed tightening can firm the dollar and pressure commodity prices, while the technical support levels frame near-term risk for corn and soybeans.

## Read by commodity

- DXY: bullish ▲
- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-24 | [Economist expects new considerations in grain markets \| 2020-02-24  \| World Grain](https://feedsoft.ai/events/54625-economist-expects-new-considerations-in-grain-markets-2020-02-24-world-grain.md) | -0.8% | -3.1% |
| SOY | 2021-11-17 | [USD/BRL chops either side of 5.50 level as government forecast tweaks stink of staglation: Analytics and Market news from 17 листопада 2021 18:04](https://feedsoft.ai/events/44254-usd-brl-chops-either-side-of-5-50-level-as-government-forecast-tweaks-stink-of.md) | +1.7% | +0.9% |
| SOY | 2017-02-03 | [LIVESTOCK MARKETS: Commodity bubble to start inflating](https://feedsoft.ai/events/72614-livestock-markets-commodity-bubble-to-start-inflating.md) | +1.3% | -1.0% |
| SOY | 2018-05-14 | [Inflation forces building](https://feedsoft.ai/events/10235-inflation-forces-building.md) | +0.4% | -4.1% |
| SOY | 2024-12-19 | [Market Perspectives - December 19, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/11563-market-perspectives-december-19-2024-u-s-grains-and-bioproducts-council.md) | +3.8% | +8.6% |
| CORN | 2020-02-24 | [Economist expects new considerations in grain markets \| 2020-02-24  \| World Grain](https://feedsoft.ai/events/54625-economist-expects-new-considerations-in-grain-markets-2020-02-24-world-grain.md) | -2.5% | -5.2% |
| CORN | 2022-05-25 | [What's in Store for the 2022 Feeder Cattle Market?](https://feedsoft.ai/events/5071-what-s-in-store-for-the-2022-feeder-cattle-market.md) | -2.8% | -3.7% |
| CORN | 2026-08-01 | [Economist sees growing risk for tighter feeder cattle margins in 2027](https://feedsoft.ai/events/18480-economist-sees-growing-risk-for-tighter-feeder-cattle-margins-in-2027.md) | -0.6% | +10.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/market-outlook-considerations-for-week-beginning-june-4-2018

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