# Demand For US Soymeal Remains Good - ADM Investor Services

> ADM Investor Services reported that demand for US soymeal remains good, narrowing nearby spreads. USDA announced 264,000 mt of new-crop soybeans sold to China and new-crop corn sold to Mexico and Colombia.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/28883-demand-for-us-soymeal-remains-good-adm-investor-services
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Steady export demand for US meal and new-crop sales support prices, but a record harvest and heavy farmer selling limit rallies. Low Mississippi River levels add upward pressure on basis.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-04-30 | [Global Ag News for Apr 30.2025 - ADM Investor Services](https://feedsoft.ai/events/11122-global-ag-news-for-apr-30-2025-adm-investor-services.md) | -1.5% | +1.2% |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |
| SBM | 2025-11-03 | [Wkly Futures Market Summary For 11.3.2025 - ADM Investor Services](https://feedsoft.ai/events/7816-wkly-futures-market-summary-for-11-3-2025-adm-investor-services.md) | -0.5% | -3.1% |
| SBM | 2022-08-15 | [Demand for grain and soybean derivatives from the US and BR increases - Revista Cultivar](https://feedsoft.ai/events/6710-demand-for-grain-and-soybean-derivatives-from-the-us-and-br-increases-revista.md) | -11.0% | -13.4% |
| SBM | 2024-09-03 | [Wkly Futures Mkt Summary For 9.3.24 on Canola, FOMC +more - ADM Investor Services](https://feedsoft.ai/events/4232-wkly-futures-mkt-summary-for-9-3-24-on-canola-fomc-more-adm-investor-services.md) | +1.8% | +9.7% |
| CORN | 2025-12-01 | [Rising Barley Prices in Ukraine: Supply and Demand Dynamics](https://feedsoft.ai/events/12534-rising-barley-prices-in-ukraine-supply-and-demand-dynamics.md) | +0.3% | +0.3% |
| CORN | 2024-11-21 | [China's nod to Brazilian sorghum may serve as test for US relations](https://feedsoft.ai/events/27463-china-s-nod-to-brazilian-sorghum-may-serve-as-test-for-us-relations.md) | -3.5% | +1.6% |
| CORN | 2021-09-10 | [Focus on USDA’s Supply and Demand Reports Today - Pro Farmer](https://feedsoft.ai/events/45049-focus-on-usda-s-supply-and-demand-reports-today-pro-farmer.md) | +1.1% | -1.9% |

## Sources

- admis.com: https://www.admis.com/demand-for-us-soymeal-remains-good/

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