# Season of Giving - AgWeb

> Most ag commodities closed higher for the week ending December 27, with oats the only loser. Corn posted a fourth straight weekly gain, supported by short covering in soybean meal and firm export bookings of 1.71 MMT. EIA data showed ethanol output edging up to 1.107 million bpd while ethanol stocks built.

- Date: 2024-12-27 · published 2024-12-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11398-season-of-giving-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Steady export bookings and rising ethanol output support corn demand, while the weekly gains reflect bullish positioning. Corn's price direction rests on continued export sales and ethanol demand.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- OATS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-12-26 | 5 | +7.4% | 2.9 | Weekly summary cites short covering in soybean meal as a key market driver, consistent with a sharp bounce. |

## Sources

- agweb.com: https://www.agweb.com/opinion/season-gi

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