# Market Closes - January 16, 2018 - Kentucky Farm Bureau

> CBOT soybeans and soybean meal gapped higher after bullish key reversals on a lower USDA soybean yield estimate, dryness in Argentina and a record December crush. The weaker dollar supported grains, while wheat fell on larger seeded acres. Cattle and hogs also closed higher.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6906-market-closes-january-16-2018-kentucky-farm-bureau
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Routine price moves reflect a tighter soybean supply outlook, which supports meal prices and feed costs for buyers.

## Read by commodity

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

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-january-16-2018/
- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-january-17-2018/

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