# Market Closes - June 16, 2016 - Kentucky Farm Bureau

> CBOT futures closed lower but off their lows as less threatening weather forecasts and technical selling pressured grains. Wheat fell with corn and soybeans on bearish fundamentals and advancing harvest, and sharply lower energy futures also weighed on the complex.

- Date: 2016-06-16 · published 2016-06-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9295-market-closes-june-16-2016-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weather-driven selling and weaker energy prices push corn, soybean and wheat values lower, lowering feed grain costs for buyers.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-june-16-2016/

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