# Ag Market View for June 12.24 - ADM Investor Services

> Corn futures rose 3 to 5 cents as the market added weather premium ahead of the WASDE. Ethanol output fell to 300.7 million gallons from 315 million the prior week, and corn usage ran below the pace needed for USDA's forecast. Soybeans finished mixed, with July beans testing support near $11.74.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29695-ag-market-view-for-june-12-24-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), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Heat forecasts for the Midwest support corn prices, while weak ethanol and usage data limit upside. Soybean meal and oil moved in opposite directions, leaving the complex mixed.

## Read by commodity

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

## Sources

- admis.com: https://www.admis.com/ag-market-view-for-june-12-24/

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