# Global Ag News for Jan 16.24 - ADM Investor Services

> Analysts expected NOPA's December US soybean crush to set a monthly record near 193 million bushels, ahead of the report due Tuesday. Soyoil supplies and margins were discussed, with margins expected to narrow as Argentina's crop rebounds.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/11444-global-ag-news-for-jan-16-24-adm-investor-services
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A record crush expands meal supply, and narrowing crush margins signal weaker processor demand for soybeans in 2024.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-07-01 | [Wkly Futures Market Summary For 7.1.2025 - ADM Investor Services](https://feedsoft.ai/events/4521-wkly-futures-market-summary-for-7-1-2025-adm-investor-services.md) | -1.5% | -2.2% |
| SBM | 2024-08-16 | [Commodities Overview August 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/28853-commodities-overview-august-2024-edition-adm-investor-services.md) | -0.7% | +2.7% |
| SBM | 2018-05-30 | [\| Kansas State University \| News and Communications Services](https://feedsoft.ai/events/65345-kansas-state-university-news-and-communications-services.md) | -3.4% | -12.2% |
| SBM | 2025-01-14 | [IBGE forecasts harvest of 322.6 million tonnes for 2025, a growth of 10.2% over 2024 \| News Agency](https://feedsoft.ai/events/13521-ibge-forecasts-harvest-of-322-6-million-tonnes-for-2025-a-growth-of-10-2-over.md) | -0.9% | -0.4% |
| SBM | 2023-12-01 | [Big month for corn grind, soybean crush - Brownfield Ag News](https://feedsoft.ai/events/32796-big-month-for-corn-grind-soybean-crush-brownfield-ag-news.md) | -4.2% | -11.2% |
| SBO | 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) | +0.8% | -1.4% |
| SBO | 2018-11-14 | [Global Ag Network \| What does NOPA Crush mean for Soybeans?](https://feedsoft.ai/events/62107-global-ag-network-what-does-nopa-crush-mean-for-soybeans.md) | -0.8% | +4.0% |
| SBO | 2023-10-13 | [Oilseed Shakeup: Global Shifts and US Challenges in 2023/24 By Kedia Advisory](https://feedsoft.ai/events/33762-oilseed-shakeup-global-shifts-and-us-challenges-in-2023-24-by-kedia-advisory.md) | +2.9% | -0.2% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-jan-16-24/

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