# Commodities Overview November 2024 Edition - ADM Investor Services

> USDA's November WASDE cut US soybean production 121 million bushels to 4.461 billion, roughly 95 million below expectations, with yield lowered to 51.7 bpa. Corn production slipped 60 million bushels to 15.143 billion, about 45 million below expectations, while ending stocks fell to 1.938 billion bushels.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11135-commodities-overview-november-2024-edition-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The soybean production cut was a bullish surprise, though rallies stalled on South American weather and trade war concerns after Trump's election. Smaller US corn and soy supplies could lift feed grain prices if carryout tightens further.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-07-26 | [Commodities Overview July 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/29411-commodities-overview-july-2024-edition-adm-investor-services.md) | -8.4% | -15.7% |
| SOY | 2022-10-25 | [Commodities Overview Oct 2022 Edition - ADM Investor Services](https://feedsoft.ai/events/8069-commodities-overview-oct-2022-edition-adm-investor-services.md) | +2.6% | +4.7% |
| SOY | 2020-11-10 | [November 10 USDA Supply/Demand Report Recap - ADM Investor Services](https://feedsoft.ai/events/50093-november-10-usda-supply-demand-report-recap-adm-investor-services.md) | +4.4% | +3.7% |
| SOY | 2025-04-02 | [Wkly Futures Market Summary For 4.2.2025 - ADM Investor Services](https://feedsoft.ai/events/5649-wkly-futures-market-summary-for-4-2-2025-adm-investor-services.md) | -4.0% | +0.0% |
| SOY | 2025-09-15 | [Wkly Futures Market Summary For 9.15.2025 - ADM Investor Services](https://feedsoft.ai/events/8338-wkly-futures-market-summary-for-9-15-2025-adm-investor-services.md) | -0.0% | -1.9% |
| CORN | 2024-04-24 | [Commodities Overview Apr 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services.md) | -0.5% | +3.3% |
| CORN | 2024-05-20 | [Commodities Overview May 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30216-commodities-overview-may-2024-edition-adm-investor-services.md) | +1.9% | +5.4% |
| CORN | 2024-07-26 | [Commodities Overview July 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/29411-commodities-overview-july-2024-edition-adm-investor-services.md) | -3.3% | -5.7% |

## Sources

- admis.com: https://www.admis.com/commodities-overview-november-2024-edition/

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