# Black Sea Futures at All-Time Highs - ADM Investor Services

> CME Black Sea wheat futures traded at all-time highs, with Australian wheat at its highest since May. Malaysian palm oil rose 34 ringgit on wet weather concerns and tighter virus curbs. Forecasts showed dryness in Russia, Argentina, the U.S. Southern Plains and Brazil, and funds were near record longs in grains and soybeans.

- Date: 2020-10-07 · published 2020-10-07T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12137-black-sea-futures-at-all-time-highs-adm-investor-services
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Dry weather in key exporting regions and tight palm oil output raise feed and oilseed costs. Managed-money length adds upside risk if the USDA report or weather disappoints.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | -1.3% | +22.1% |
| WHEAT | 2024-09-27 | [Global Ag News for Sept 27.24 - ADM Investor Services](https://feedsoft.ai/events/28355-global-ag-news-for-sept-27-24-adm-investor-services.md) | +0.9% | -6.0% |
| WHEAT | 2023-09-19 | [Global Ag News for Sept 19.23 - ADM Investor Services](https://feedsoft.ai/events/34184-global-ag-news-for-sept-19-23-adm-investor-services.md) | -1.6% | -1.9% |
| WHEAT | 2024-07-09 | [Global Ag News for July 9.24 - ADM Investor Services](https://feedsoft.ai/events/11198-global-ag-news-for-july-9-24-adm-investor-services.md) | -4.0% | -2.8% |
| WHEAT | 2024-07-29 | [Global Ag News for July 30.24 - ADM Investor Services](https://feedsoft.ai/events/13561-global-ag-news-for-july-30-24-adm-investor-services.md) | -4.2% | -6.9% |
| CORN | 2024-07-22 | [Wkly Futures Mkt Summary July 22.24 - ADM Investor Services](https://feedsoft.ai/events/12834-wkly-futures-mkt-summary-july-22-24-adm-investor-services.md) | +2.1% | -2.2% |
| CORN | 2024-04-25 | [Global Ag News for Apr 25.24 - ADM Investor Services](https://feedsoft.ai/events/30784-global-ag-news-for-apr-25-24-adm-investor-services.md) | +0.7% | +4.5% |
| CORN | 2024-07-29 | [Global Ag News for July 30.24 - ADM Investor Services](https://feedsoft.ai/events/13561-global-ag-news-for-july-30-24-adm-investor-services.md) | -1.0% | -4.8% |

## Sources

- admis.com: https://www.admis.com/black-sea-futures-at-all-time-highs/

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