# Global Ag News for July 30.24 - ADM Investor Services

> Freezing temperatures in Argentina's main agricultural region aggravated the 2024/25 wheat crop, which is already hit by drought. The Rosario exchange cut its planted-area forecast 2.9% to 6.7 million hectares, and the Pergamino area has seen seedling losses. Overnight futures closed lower for wheat, corn, soybeans and soymeal.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13561-global-ag-news-for-july-30-24-adm-investor-services
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Argentine wheat losses tighten global wheat supply and support prices, while the day's lower futures reflect routine market moves rather than a new supply cause.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- DDGS: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-09-27 | [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 | 2023-06-15 | [Global Ag News for June 15.23 - ADM Investor Services](https://feedsoft.ai/events/6887-global-ag-news-for-june-15-23-adm-investor-services.md) | +4.2% | +0.3% |
| 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 | 2024-04-23 | [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% |
| 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 | 2023-06-15 | [Global Ag News for June 15.23 - ADM Investor Services](https://feedsoft.ai/events/6887-global-ag-news-for-june-15-23-adm-investor-services.md) | +4.8% | -4.3% |
| 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% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-july-29-24/
- admis.com: https://www.admis.com/global-ag-news-for-july-30-24/
- admis.com: https://www.admis.com/global-ag-news-for-july-31-24/

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