# Wkly Futures Market Summary For 10.28.24 - ADM Investor Services

> ADM's weekly summary notes soybeans under light pressure as bean oil weakened with crude oil, while favorable South American weather and faster Brazilian planting weigh. Soymeal fell to its lowest since Aug. 26 as US export prices stayed above South American origin, and Mississippi low water is lifting barge rates.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/4680-wkly-futures-market-summary-for-10-28-24-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), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Ample South American supply and weak US soymeal export competitiveness pressure soybean and meal prices, while low river levels raise freight costs for US grain movements.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-07-29 | [Wkly Futures Mkt Summary July 29.24 - ADM Investor Services](https://feedsoft.ai/events/6828-wkly-futures-mkt-summary-july-29-24-adm-investor-services.md) | -4.5% | -11.6% |
| SOY | 2021-02-02 | [Groundhog Day. Grains Mostly Lower. - ADM Investor Services](https://feedsoft.ai/events/5825-groundhog-day-grains-mostly-lower-adm-investor-services.md) | +1.6% | +3.6% |
| SOY | 2023-01-27 | [Dry Bulk Market Under Pressure in Early 2023 \| Sea and Job](https://feedsoft.ai/events/37990-dry-bulk-market-under-pressure-in-early-2023-sea-and-job.md) | +0.7% | +0.4% |
| SOY | 2022-01-19 | [Chicago soybean futures fell for a third straight session - Markets - Business Recorder](https://feedsoft.ai/events/10895-chicago-soybean-futures-fell-for-a-third-straight-session-markets-business.md) | +3.4% | +14.0% |
| SOY | 2023-06-28 | [The Flush in Grain and Soybean Complex Futures Markets Continued Today](https://feedsoft.ai/events/35579-the-flush-in-grain-and-soybean-complex-futures-markets-continued-today.md) | +3.5% | +3.4% |
| SBM | 2021-02-02 | [Groundhog Day. Grains Mostly Lower. - ADM Investor Services](https://feedsoft.ai/events/5825-groundhog-day-grains-mostly-lower-adm-investor-services.md) | +1.1% | -2.7% |
| SBM | 2022-01-19 | [Chicago soybean futures fell for a third straight session - Markets - Business Recorder](https://feedsoft.ai/events/10895-chicago-soybean-futures-fell-for-a-third-straight-session-markets-business.md) | +0.2% | +10.8% |
| SBM | 2023-06-28 | [The Flush in Grain and Soybean Complex Futures Markets Continued Today](https://feedsoft.ai/events/35579-the-flush-in-grain-and-soybean-complex-futures-markets-continued-today.md) | +2.4% | +12.8% |

## Sources

- admis.com: https://www.admis.com/wkly-futures-market-summary-for-10-28-24/

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