# Wkly Futures Market Summary For 12.9.24 - ADM Investor Services

> ADM Investor Services reported that soybeans started the week steady after the Brazilian real hit an all-time low against the dollar, which may push Brazilian farmers to sell more aggressively. Brazil planting was 95% complete with very good conditions, while Argentina faced dry weather. Soymeal futures were near contract lows on strong U.S. crush and heavy December deliveries, with extra DDGS output competing for feed demand.

- Date: 2024-12-09 · published 2024-12-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27048-wkly-futures-market-summary-for-12-9-24-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Heavier Brazilian selling and strong U.S. crush add supply to the soy complex and weigh on meal prices, which lowers feed ingredient costs. Dry Argentine weather is the main upside risk.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral
- USDBRL: bullish ▲

## Sources

- admis.com: https://www.admis.com/wkly-futures-market-summary-for-12-9-24/

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