# Market Closes - October 2, 2017 - Kentucky Farm Bureau

> Corn and soybean futures closed lower near the day's lows after gains from the USDA stocks report reversed. Harvest was 17% complete for corn and 22% for soybeans, and cash basis was pressured by river freight costs at a three-year high. Cattle and hog futures moved in different directions.

- Date: 2017-10-02 · published 2017-10-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7539-market-closes-october-2-2017-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Heavy harvest selling and high river freight depress cash basis and farm-gate prices. A stronger dollar and lower crude also weighed on grain futures.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲
- BARGE: bullish ▲
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2017-10-02 | 1 | +3.1% | 4.2 | Reports corn futures closing lower near lows on Oct. 2 as stocks-report gains reversed, with harvest progress and freight costs weighing on prices. |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-october-2-2017/

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