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CBOT grains and oilseeds closed mixed on April 21, 2016. Soybeans and soybean meal gained while corn and wheat sold off into the close and corn ended near its lows.
Live cattle closed weaker and feeder cattle were mixed, and lean hogs were narrowly mixed.
Corn and wheat weakness reflects farmer selling and fund liquidation, while soybean meal strength supports feed-protein costs. Overall, grain price direction is bearish for corn and wheat and bullish for meal.
kyfb.comApr 21, 2016Not 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.
