# TFM Daily Market Summary 9-27-2024 - Total Farm Marketing by Stewart-Peterson

> Soybean meal rallied about 6% after Hurricane Helene raised concerns about the quality of the southern soybean harvest. December corn finished the week 16.25 cents higher, and the USDA's September grain stocks report is due Monday.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28267-tfm-daily-market-summary-9-27-2024-total-farm-marketing-by-stewart-peterson
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Hurricane-related quality concerns and dry South American conditions support soybean meal prices, which lifts feed protein costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-09-26 | 1 | +4.7% | 3.3 | Soybean meal rallied about 6% on Hurricane Helene worries about southern soybean harvest quality, a supply-risk and sentiment driver. |

## Sources

- totalfarmmarketing.com: https://www.totalfarmmarketing.com/tfm-daily-market-summary-9-27-2024/

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