# Agri Marketing Update

> Corn futures rose on the week on weather concerns in the southwest Corn Belt and technical strength. Soybeans and wheat fell on profit-taking and winter wheat harvest pressure, and live and feeder cattle futures dropped on lower cash prices, with feeder futures hitting a new contract low.

- Date: 2016-06-20 · published 2016-06-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9293-agri-marketing-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Dry southwest Corn Belt weather supports corn prices, while harvest pressure and profit-taking weigh on soybeans, wheat and cattle markets.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-06-20 | 1 | -3.7% | -3.7 | Weekly update dated 2016-06-20 notes live and feeder cattle futures dropping on lower cash prices with feeders at new contract lows, indicating weak sentiment and downward price pressure. |
| WHEAT | 2016-06-20 | 1 | +3.4% | 3.3 | The weekly update says wheat fell on profit-taking and winter wheat harvest pressure, which fits the bearish supply and sentiment backdrop, but it is a broader-week summary. |

## Sources

- agrimarketing.com: https://www.agrimarketing.com/newsletter/index.php?archived=2016-06-20

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