# Five Things to Watch in the Soybean Market in 2024 By CME Group

> CME and AgResource outline key soybean issues for 2024, including uncertainty over the size of Brazil's 2024 crop, with CONAB at 147.7 million tons and USDA at 154 million. Other topics include expanding U.S. biofuel demand for soybean oil and trade politics.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/30295-five-things-to-watch-in-the-soybean-market-in-2024-by-cme-group
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Disagreement over Brazil's crop size shapes how much export share the U.S. can hold in late 2024, and biofuel-driven oil demand could tighten soybean oil supplies.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Sources

- investing.com: https://www.investing.com/news/commodities-news/five-things-to-watch-in-the-soybean-market-in-2024-3462521

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