# Market Closes - April 21, 2016 - Kentucky Farm Bureau

> 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.

- Date: 2016-04-21 · published 2016-04-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8276-market-closes-april-21-2016-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- LCATTLE: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-april-21-2016/

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