# Ag Market View for June 17th - ADM Investor Services

> Soybean futures had one of their largest daily losses ever on June 17, 2021, after USDA raised U.S. soybean carryout and forecast rains. Corn fell the daily limit after USDA left Brazil's corn crop unchanged and raised U.S. export estimates less than expected. Talk that the Biden administration could lower the biofuel mandate also weighed on soyoil.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7309-ag-market-view-for-june-17th-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A larger U.S. soybean carryout signals ample supplies, and weaker soyoil on biofuel policy talk lowers the value of crush. Corn's limit-down move reflects expectations of ample supply, lowering feed costs for buyers.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-01 | [Wkly Futures Market Summary For 7.1.2025 - ADM Investor Services](https://feedsoft.ai/events/4521-wkly-futures-market-summary-for-7-1-2025-adm-investor-services.md) | 0.0% | -4.1% |
| SOY | 2024-04-24 | [Commodities Overview Apr 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services.md) | -1.9% | +5.9% |
| SOY | 2026-02-24 | [Commodities Overview February 2026 Edition - ADM Investor Services](https://feedsoft.ai/events/20621-commodities-overview-february-2026-edition-adm-investor-services.md) | +1.4% | +2.6% |
| SOY | 2024-08-16 | [Commodities Overview August 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/28853-commodities-overview-august-2024-edition-adm-investor-services.md) | -1.1% | +3.7% |
| SOY | 2025-07-11 | [July 11.25 USDA WASDE - Somewhat Supportive - ADM Investor Services](https://feedsoft.ai/events/23711-july-11-25-usda-wasde-somewhat-supportive-adm-investor-services.md) | +0.9% | -4.0% |
| CORN | 2025-07-01 | [Wkly Futures Market Summary For 7.1.2025 - ADM Investor Services](https://feedsoft.ai/events/4521-wkly-futures-market-summary-for-7-1-2025-adm-investor-services.md) | -3.3% | -4.5% |
| CORN | 2026-06-11 | [USDA June 11 Report \| No Major Surprises - ADM Investor Services](https://feedsoft.ai/events/18731-usda-june-11-report-no-major-surprises-adm-investor-services.md) | +0.4% | -0.5% |
| CORN | 2023-11-27 | [Commodities Overview Nov 2023 Edition - ADM Investor Services](https://feedsoft.ai/events/7871-commodities-overview-nov-2023-edition-adm-investor-services.md) | -0.8% | +0.4% |

## Sources

- admis.com: https://www.admis.com/ag-market-view-for-june-17th/

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