# Commodities Overview August 2024 Edition - ADM Investor Services

> USDA's August report raised the 2024 US corn crop by 47 million bu to 15.147 billion, with a record yield of 183.1 bpa, and raised new-crop exports to 2.30 billion bu. The soybean crop was raised 154 million bu to a record 4.589 billion, 120 million bu above expectations, with the yield at a record 53.2 bpa.

- Date: 2024-08-16 · published 2024-08-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/28853-commodities-overview-august-2024-edition-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record US soybean and corn output above trade expectations adds supply that weighs on meal and feed grain prices, although higher export demand partly offsets the bearish effect.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-27 | [Commodities Overview Nov 2023 Edition - ADM Investor Services](https://feedsoft.ai/events/7871-commodities-overview-nov-2023-edition-adm-investor-services.md) | -0.8% | +0.4% |
| CORN | 2021-06-17 | [Ag Market View for June 17th - ADM Investor Services](https://feedsoft.ai/events/7309-ag-market-view-for-june-17th-adm-investor-services.md) | -2.4% | +2.5% |
| CORN | 2025-09-29 | [Record Corn Crop Weighs on Prices Thru Harvest - ADM Investor Services](https://feedsoft.ai/events/22895-record-corn-crop-weighs-on-prices-thru-harvest-adm-investor-services.md) | -1.8% | -1.5% |
| CORN | 2025-07-01 | [Wkly Futures Market Summary For 7.1.2025 - ADM Investor Services](https://feedsoft.ai/events/4521-wkly-futures-market-summary-for-7-1-2025-adm-investor-services.md) | -3.3% | -4.5% |
| CORN | 2025-10-01 | [Grains Lower After USDA Stocks Report - ADM Investor Services](https://feedsoft.ai/events/22333-grains-lower-after-usda-stocks-report-adm-investor-services.md) | +1.4% | +2.3% |
| SOY | 2024-04-24 | [Commodities Overview Apr 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services.md) | -1.9% | +5.9% |
| SOY | 2026-02-24 | [Commodities Overview February 2026 Edition - ADM Investor Services](https://feedsoft.ai/events/20621-commodities-overview-february-2026-edition-adm-investor-services.md) | +1.4% | +2.6% |
| SOY | 2021-06-17 | [Ag Market View for June 17th - ADM Investor Services](https://feedsoft.ai/events/7309-ag-market-view-for-june-17th-adm-investor-services.md) | -4.4% | -0.1% |

## Sources

- admis.com: https://www.admis.com/commodities-overview-august-2024-edition/

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