Articles tagged under: Allendale

Analysts Prepare for August Supply and Demand Report

Published August 8, 2020

The USDA will release its August Supply and Demand report on Wednesday. Allendale President Steve Georgy says market analysts are preparing for the details. "There's some negativity in the markets ahead of the report, with some analysts thinking the USDA…

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Second Backlog of Hogs Anticipated in Q4

Published July 23, 2020

Allendale Chief Strategist Rich Nelson says the swine industry is expecting to see a build in the backlog of hogs. "The issue isn't just a backlog in current hogs, but there are some concerns about the fourth quarter supply. We…

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Grain Traders Focus on Planting Progress

Published May 1, 2020

As May begins, planting progress becomes the focus for grain traders. Most traders are looking for Monday’s corn planting progress to be close to half done. "There's definitely some traders looking for the western Corn Belt to pull the eastern…

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Decent Export Sales on Thursday

Published February 27, 2020

According to the USDA weekly export sales report, U.S. sorghum export sales hit a marketing year high of 444,500 tons to unknown destinations. The export numbers could be signs of China trade deal buying. Allendale Chief Marketing Strategist Rich Nelson…

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South America Has Good Crops Coming

Published February 11, 2020

South America has good crops coming. "If you look at the numbers we have from Brazil and Argentina in the latest USDA report, there's an increase in the soybean numbers to 125 million metric tons. That's much bigger than where…

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Grain Market Continues to Wait for China Purchases

Published January 29, 2020

Funds are short at the end of January and renewed purchases from China are yet to be seen. According to Allendale President Steve Georgy, both are dragging on the markets. "China is on holiday this week. We won't see purchases…

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Market Analysts Cautious on Phase One Announcement

Published December 31, 2019

Allendale Chief Strategist Rich Nelson expects traders to remain very cautious of the China trade agreement until they see actual sales. "We're all playing with some numbers on this Chinese trade deal. The impact, if it's fully implementing, would be…

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Analysts Prepare for Friday’s USDA Supply and Demand Report

Published November 4, 2019

The November USDA World Agricultural Supply and Demand Estimates (WASDE) report is not expected to show much change in crop production. Allendale Chief Strategist Rich Nelson says the November WASDE report typically does not make any big changes. "Often we…

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Farmers Have Concerns About Crop Maturity

Published September 5, 2019

The U.S. crop looks good, but crop maturity will be key for the next few weeks. According to the latest Allendale farmer survey, Allendale Chief Marketing Strategist Rich Nelson says farmers in the western Corn Belt will have serious concerns…

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Allendale Projects Smaller U.S. Crop

Published September 4, 2019

Ahead of next week’s USDA report, Allendale is projecting the U.S. corn crop at 13.75 billion bushels, with a yield of 167.7 bushels/acre. Their soybean crop estimate is 3.49 billion bushels, with a 46 bushel/acre yield. That's below USDA's August…

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