# Global Ag News for Aug 2.24 - ADM Investor Services

> The FAO food price index fell slightly in July, as grain prices dropped 3.8% from June on northern hemisphere wheat harvests and favorable Canadian and US conditions. Vegetable oil prices rose 2.4% and meat costs gained 1.2%, while dairy was unchanged. Overnight CBOT moves were mixed, with wheat and soyoil lower and soybeans and corn modestly higher.

- Date: 2024-08-02 · published 2024-08-02T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/28977-global-ag-news-for-aug-2-24-adm-investor-services
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower grain benchmarks reflect ample northern supply, which keeps feed grain costs contained for buyers. Firmer vegetable oil and meat prices point to higher costs for oilseed-based feeds and animal protein.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-26 | [Global Ag News for July 26.24 - ADM Investor Services](https://feedsoft.ai/events/13171-global-ag-news-for-july-26-24-adm-investor-services.md) | -4.8% | -7.0% |
| WHEAT | 2024-09-30 | [SEP 30.24 USDA Quarterly Stocks Report - ADM Investor Services](https://feedsoft.ai/events/28251-sep-30-24-usda-quarterly-stocks-report-adm-investor-services.md) | +0.6% | -6.3% |
| WHEAT | 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% | +21.8% |
| WHEAT | 2026-02-10 | [USDA Report - Drop in US Corn Stocks \| Feb 10.26 - ADM Investor Services](https://feedsoft.ai/events/20548-usda-report-drop-in-us-corn-stocks-feb-10-26-adm-investor-services.md) | +1.9% | +6.3% |
| WHEAT | 2026-04-09 | [USDA WASDE Crop Report - Minimal Changes \| Apr 9.26 - ADM Investor Services](https://feedsoft.ai/events/19664-usda-wasde-crop-report-minimal-changes-apr-9-26-adm-investor-services.md) | +3.1% | +0.1% |
| CORN | 2025-11-26 | [Global Ag News For Nov 26.2025 - ADM Investor Services](https://feedsoft.ai/events/21925-global-ag-news-for-nov-26-2025-adm-investor-services.md) | +1.3% | +3.2% |
| CORN | 2025-04-02 | [Wkly Futures Market Summary For 4.2.2025 - ADM Investor Services](https://feedsoft.ai/events/5649-wkly-futures-market-summary-for-4-2-2025-adm-investor-services.md) | +1.0% | +2.5% |
| CORN | 2024-10-22 | [Commodities Overview October 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/27993-commodities-overview-october-2024-edition-adm-investor-services.md) | -0.0% | +2.2% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-aug-2-24/

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