# Ag Market View for October 22.24 - ADM Investor Services

> Corn and soybeans closed higher on energy strength and speculative buying, with soybean oil surging 115-135 points. USDA announced a 360,000 MT corn sale to Mexico, and the US harvest reached 65% complete, the fastest pace since 2012.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11147-ag-market-view-for-october-22-24-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Export sales and firm energy prices support corn and soyoil, while rapid harvest progress keeps physical supply ample and caps rallies.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲

## Sources

- admis.com: https://www.admis.com/ag-market-view-for-october-22-24/

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