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The Kentucky Farm Bureau's May 18, 2017 market close reports sharp declines in soybeans and corn, with soybeans testing major April lows. Wheat closed mostly steady, and cattle and hogs were mixed.
The soybean drop was attributed to the Brazilian real falling about 8% on a political scandal.
The routine price wrap shows the Brazilian currency shock feeding through to soybean and corn futures, with no new supply or demand change.
kyfb.comMay 18, 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.
