# Ag Market View for September 03.24 - ADM Investor Services

> Dec-24 corn futures rose 8 to 9 cents to a five-week high, and US corn export inspections were in line with expectations. Brazil's center-south planted 8% of its first corn crop, and Celeres forecast Brazil's 2024/25 corn output at 134.1 million tonnes. Spot canola closed at its lowest level since December 2021 after trading limit down.

- Date: 2024-09-03 · published 2024-09-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28439-ag-market-view-for-september-03-24-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong US export pace and a larger-than-expected Brazilian crop forecast weigh on the corn balance, with the net effect depending on Brazil's growth. Higher ethanol grind also supports corn demand.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Sources

- admis.com: https://www.admis.com/ag-market-view-for-september-03-24/

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