# Wkly Futures Mkt Summary July 29.24 - ADM Investor Services

> Soybean futures fell early in the week as forecasts shifted and showers fell in parts of the Corn Belt, shifting the ridge west. Soymeal was supported by an explosion at the ADM Decatur plant, and corn and wheat also came under pressure.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6828-wkly-futures-mkt-summary-july-29-24-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weather-driven selloffs in grains weigh on feed grain prices, while the ADM plant outage and tight cash meal supplies support soymeal values for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-10-28 | [Wkly Futures Market Summary For 10.28.24 - ADM Investor Services](https://feedsoft.ai/events/4680-wkly-futures-market-summary-for-10-28-24-adm-investor-services.md) | -0.5% | -0.4% |
| 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 | 2020-12-04 | [New Clues for Soybean Futures](https://feedsoft.ai/events/49686-new-clues-for-soybean-futures.md) | -1.3% | +12.7% |
| SOY | 2021-07-12 | [Futures Files - Minot Daily News](https://feedsoft.ai/events/7779-futures-files-minot-daily-news.md) | +3.6% | +1.3% |
| 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% |
| CORN | 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) | -1.1% | -1.9% |
| CORN | 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) | -7.6% | -0.5% |
| CORN | 2019-06-05 | [U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews](https://feedsoft.ai/events/8688-u-s-grains-futures-plummet-on-midwest-weather-profit-taking-grainews.md) | +0.9% | -0.2% |

## Sources

- admis.com: https://www.admis.com/wkly-futures-mkt-summary-july-29-24/

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