# Wkly Futures Market Summary For 12.30.24 - ADM Investor Services

> Private forecasts showed drier-than-normal weather for central and eastern Argentina over the next two weeks, with rising temperatures. Soymeal rallied sharply after a technical reversal and short covering, aided by a fire at Bunge's Cairo, Illinois crush plant that was expected to restart. Corn rose to new six-month highs on Argentine dryness and northern Mexico drought.

- Date: 2024-12-30 · published 2024-12-30T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13889-wkly-futures-market-summary-for-12-30-24-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Argentine and Mexican dryness threatens supply of soybeans and corn, while the Bunge plant outage tightened US meal supply, pushing prices higher.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- admis.com: https://www.admis.com/wkly-futures-market-summary-for-12-30-24/

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