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CBOT grain futures closed lower on broad fund selling, with corn May down 4 cents at 3.61 and soybeans May down 3 cents at 9.41. Wheat and oats also fell, and MGEX wheat hit new lows.
Cattle, hog and milk futures were mixed to higher, and the Kentucky report noted weaker boxed beef and cash cattle prices.
Large grain supplies and fund short positions keep corn and soybean meal prices under pressure, which lowers feed costs for buyers.
kyfb.comApr 6, 2017Not 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.
