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CBOT futures closed mixed, with corn and wheat sharply higher and soybeans and soybean oil lower. Corn gained on weather forecasts that raised the odds of acreage switching, and both corn and wheat drew support from strong weekly export sales.
Feeder cattle fell sharply after a late-session sell-off, and lean hogs closed little changed.
Corn and wheat gains reflect firm export demand and acreage uncertainty, while weaker soybean oil and soybeans reflect disappointing export sales. Feeder cattle weakness reflects profit-taking after a strong cash market.
kyfb.comMay 12, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
