# Wkly Futures Market Summary For 11.25.24 - ADM Investor Services

> Soybeans opened the holiday-shortened week slightly higher after hitting a three-month low, supported by a softer dollar and rumors of China buying US beans for February shipment. Funds added to net short soybean and soymeal positions, with soymeal shorts at their largest since 2020. Corn started the week slightly lower on wheat weakness and a lack of export news.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27415-wkly-futures-market-summary-for-11-25-24-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

Chinese purchase rumors and cooler Midwest weather supporting soymeal demand offer some near-term support, but heavy fund shorts and weak vegoil prices keep the bearish tilt in place for feed buyers.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: bearish ▼

## Sources

- admis.com: https://www.admis.com/wkly-futures-market-summary-for-11-25-24/

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