# Market Closes - April 6, 2017 - Kentucky Farm Bureau

> 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.

- Date: 2017-04-06 · published 2017-04-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7387-market-closes-april-6-2017-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Large grain supplies and fund short positions keep corn and soybean meal prices under pressure, which lowers feed costs for buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲
- OATS: bearish ▼
- WHEAT: bearish ▼
- LCATTLE: neutral

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-april-6-2017/

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