# Wkly Futures Market Summary For 11.4.24 - ADM Investor Services

> ADM Investor Services' weekly summary says soybeans start the week supported by a weaker US dollar and strong energy prices. Traders are watching the US election, the Fed rate decision Thursday, and the USDA November supply/demand report Friday. Soymeal is bouncing after a weak October on expectations of less tariff risk under a Harris presidency.

- Date: 2024-11-04 · published 2024-11-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8625-wkly-futures-market-summary-for-11-4-24-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Election-driven expectations of trade policy toward China, the largest soybean buyer, can shift soybean and meal demand and prices. A weaker dollar and firmer crude support prices for the complex.

## Read by commodity

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

## Sources

- admis.com: https://www.admis.com/wkly-futures-market-summary-for-11-4-24/

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