# Market Closes - May 13, 2020 - Kentucky Farm Bureau

> Kentucky Farm Bureau's May 13, 2020 close shows mostly lower CBOT grain and soybean futures after traders reassessed the May WASDE. The USDA cut 2019/20 soybean exports by 100 million bushels and raised carryout by the same amount. Cattle futures closed sharply lower, and wheat supplies are projected to be burdensome.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7506-market-closes-may-13-2020-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

USDA's larger-than-expected soybean carryout and large corn and wheat supplies point to weaker grain and meal prices. Lower cattle futures also reduce the value of livestock feed demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-05-19 | 5 | +6.0% | 2.8 | Cattle futures closed sharply lower on May 13, which adds volatility within the 5-day window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -0.5% | -2.7% |
| SOY | 2019-05-12 | [Daily Market Wire 13 May 2019 - Grain Central](https://feedsoft.ai/events/5739-daily-market-wire-13-may-2019-grain-central.md) | +3.1% | +7.7% |
| SOY | 2024-07-15 | [Farm Futures afternoon market report](https://feedsoft.ai/events/9367-farm-futures-afternoon-market-report.md) | -3.3% | -9.4% |
| SOY | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | -2.2% | -1.8% |
| SOY | 2017-05-10 | [Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm.md) | +1.1% | -3.6% |
| CORN | 2026-01-21 | [Market Briefs \| January 21, 2026 \| Arkansas Farm Bureau](https://feedsoft.ai/events/12587-market-briefs-january-21-2026-arkansas-farm-bureau.md) | +0.8% | +0.6% |
| CORN | 2019-05-12 | [Daily Market Wire 13 May 2019 - Grain Central](https://feedsoft.ai/events/5739-daily-market-wire-13-may-2019-grain-central.md) | +6.9% | +11.9% |
| CORN | 2022-01-12 | [Daily Market Wire 13 January 2022 - Grain Central](https://feedsoft.ai/events/43098-daily-market-wire-13-january-2022-grain-central.md) | -2.6% | +3.6% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-may-13-2020/

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