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Corn futures closed sharply lower for a second day after the USDA crop report and a non-threatening weather forecast. Soybean futures rallied on a friendly production forecast and on reports that US-China trade talks were continuing.
Cattle futures closed sharply lower to new contract lows after the Kansas plant fire reduced harvest capacity.
Corn is pressured by ample supply and fund liquidation, which lowers feed costs. Soybeans gained on supply expectations and trade news, which may support meal prices.
kyfb.comAug 13, 2019Not 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.
Cattle futures closed sharply lower to new contract lows because the plant fire cut harvest capacity.
Cattle futures closed at new contract lows because the fire cut harvest capacity, and falling corn added to the pressure. This confirms the sentiment-driven selloff.
