# Market Snapshot | August 22, 2024

> Pro Farmer's Market Snapshot on August 22 reported corn futures lower on broad grain weakness and a firmer US dollar. Soymeal futures were about $5 lower and soybeans 17 cents down, while Illinois crop tour samples averaged a record 204.14 bu per acre.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28888-market-snapshot-august-22-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Record crop tour yields reinforce expectations of a large US harvest, pressuring corn and soybean futures. Meal weakness lowers feed protein costs for buyers.

## Read by commodity

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

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/market-snapshot/market-snapshot-august-22-2024

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