# Market Closes - May 12, 2016 - Kentucky Farm Bureau

> 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.

- Date: 2016-05-12 · published 2016-05-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6789-market-closes-may-12-2016-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bullish ▲
- FCATTLE: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-may-12-2016/

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