# Wkly Futures Mkt Summary For 9.3.24 on Canola, FOMC +more - ADM Investor Services

> ADM Investor Services' weekly wrap reports soybeans rising on strong export sales and Brazil's worst drought since 1981, with planting delays possible in Mato Grosso. China opened an anti-dumping probe into Canadian canola in retaliation for Canada's EV tariffs, pressuring soybean oil and modestly supporting soymeal. December corn closed firm on export demand and Midwest dryness.

- Date: 2024-09-03 · published 2024-09-03T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4232-wkly-futures-mkt-summary-for-9-3-24-on-canola-fomc-more-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Brazilian drought threatens soybean supply and can lift meal prices, while China's canola probe may shift demand toward US soymeal and oil. Tight export demand and dryness support corn.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | +0.2% | +2.6% |
| SOY | 2019-01-03 | [Soybean Futures Rally; China May Be Returning for U.S. Soy \| Investor's Business Daily](https://feedsoft.ai/events/61133-soybean-futures-rally-china-may-be-returning-for-u-s-soy-investor-s-business.md) | +1.9% | +2.3% |
| SOY | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.0% | +5.0% |
| SOY | 2025-10-30 | [Canola market focus on geopolitical issues in lead up to harvest \| Farm Online \| ACT](https://feedsoft.ai/events/22510-canola-market-focus-on-geopolitical-issues-in-lead-up-to-harvest-farm-online-act.md) | +3.7% | +4.7% |
| SOY | 2019-12-10 | [Secretary Perdue Statement on USMCA Agreement \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/55546-secretary-perdue-statement-on-usmca-agreement-usda-foreign-agricultural-service.md) | +2.8% | +4.6% |
| 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 | 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 | 2024-08-29 | [Demand For US Soymeal Remains Good - ADM Investor Services](https://feedsoft.ai/events/28883-demand-for-us-soymeal-remains-good-adm-investor-services.md) | +3.2% | +4.6% |

## Sources

- admis.com: https://www.admis.com/wkly-futures-mkt-summary-for-9-3-24-on-canola-fomc-more/

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