# Market Closes - May 18, 2017 - Kentucky Farm Bureau

> 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.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7588-market-closes-may-18-2017-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), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The routine price wrap shows the Brazilian currency shock feeding through to soybean and corn futures, with no new supply or demand change.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: neutral
- WHEAT: neutral
- LCATTLE: neutral

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-may-18-2017/

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